November 21, 2014 19:47 (IST)
India, the world's second-largest gold consumer over the past year, is wrestling with its response to a fourfold jump in gold imports in October. That spike raised fresh concerns over the strain to the country's balance of payments.
November 20, 2014 15:58 (IST)
Silver also eased by Rs 100 to Rs 36,200 per kg due to reduced offtake by industrial units and coin makers.
November 20, 2014 15:01 (IST)
India's top edible oil importer Ruchi Soya sees the country's $8 billion branded oil market growing by up to 15 percent in 2015.
November 20, 2014 14:26 (IST)
Sugar season in India, the world's second biggest producer after Brazil, runs from October to September.
November 20, 2014 14:06 (IST)
Essar Oil paid about $201 million, Mangalore Refinery and Petrochemicals Ltd about $154 million, Indian Oil Corp about $42 million and Hindustan Petroleum about $3 million, said the sources, who declined to be named due to the sensitivity of the issue.
November 20, 2014 07:47 (IST)
US crude stockpiles rose 2.6 million barrels for the week ended Nov. 14, compared with forecasts of a 800,000-barrel draw, as imports rose to meet demand from refineries hiking runs after seasonal maintenance, data from the Energy Information Administration (EIA) showed.
November 19, 2014 14:32 (IST)
The dollar gained against a basket of major currencies on Wednesday, with the yen sliding to a fresh seven-year low against the greenback.
November 19, 2014 14:25 (IST)
All eyes are on OPEC's response to a drop in oil prices of nearly one-third in recent months, with some smaller members calling for production cuts at the November 27 meeting in Vienna.
November 19, 2014 07:50 (IST)
After the Japanese central bank's last meeting on Oct. 31, when it announced a surprise stimulus expansion, gold saw a huge sell-off that took it to 2010 lows.
November 18, 2014 07:47 (IST)
Gold inched lower on Tuesday, moving further away from a two-week peak as its safe-haven appeal was dulled with the dollar holding close to a four-year high and growing signs of strength in the US economy.
November 17, 2014 19:52 (IST)
Gold held near a two-week high on Monday as global shares fell after data showed Japan had slipped into recession, raising concerns about global growth, but strength in the dollar kept the metal's gains in check.
November 17, 2014 19:46 (IST)
The market is waiting to see whether the Organization of Petroleum Exporting Countries will cut production at its meeting at the end of November. The Atlantic Basin is still awash with unsold barrels partly due to the continued growth in US shale oil production, whilst demand growth remains weak.
November 17, 2014 16:00 (IST)
The RBI deputy also said attention needed to be paid to the surge in gold imports at a briefing with reporters in the capital.
November 17, 2014 15:46 (IST)
Traders said fall in demand at prevailing higher levels from jewellers and retailers and a weak trend in global markets mainly kept pressure on precious metal prices.
November 15, 2014 14:51 (IST)
Clocking the biggest single-day gain this year, gold prices on Saturday soared by Rs 715 to Rs 26,850 per 10 grams in the national capital on a pick-up in wedding season demand coupled with strong global cues.
November 14, 2014 23:16 (IST)
A recent hike in the excise duty on petrol and diesel by Rs 1.50 per litre will generate Rs 11,000 crore in additional revenue for the government this fiscal year (2014-15), India Ratings said on Friday.
November 14, 2014 15:03 (IST)
Gold prices plunged by Rs 225 to Rs 26,135 per 10 grams in the national capital on Friday on easing demand from jewellers and retailers amid a weakening global trend.
November 14, 2014 14:36 (IST)
Oil rose to $79 per barrel on Friday having earlier hit a four-year low, supported by speculation that the prospect of even lower prices may nudge Organization of the Petroleum Exporting Countries (OPEC) producers towards cutting output at a meeting in two weeks.
November 14, 2014 07:25 (IST)
The decline compounded Wednesday's losses stemming from comments by Saudi Arabia's oil minister that showed little will by the kingdom to cut output when the Organization of the Petroleum Exporting Countries meets on Nov. 27.
November 13, 2014 20:01 (IST)
Officials from the RBI and Finance Ministry met on Thursday to discuss the policy but no decision was taken, a senior ministry official told Reuters after the meeting. They will resume their discussions in a day or two.