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India’s procurement of Russian crude oil is not under any government-to-government framework and Indian entities make the purchase from the market to respond to the country’s energy security requirement, Foreign Secretary Vinay Kwatra said on Thursday. Kwatra also chose not to comment on the proposed price cap on Russian oil, a move initiated by the G7 countries to choke Moscow’s oil revenue. The G7 countries are reportedly seeking India’s support to enforce the price cap Read More

Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices in India were trading lower on Tuesday, and yellow metal firmed up globally. On Multi Commodity Exchange, gold October futures were ruling Rs 276 or 0.6 percent down at Rs 50,355 per 10 gram, as against the previous close of Rs 50,631. Silver December futures were trading Rs 463 or 0.8 percent down at Rs 57,028 per kg. Globally, yellow metal prices held firm Read More

Shares of Mahindra Lifespace Developers touched their 52-week high in the morning trade on Monday after the realty firm said it is looking to acquire a few land parcels this fiscal to build housing projects. Shares of the company opened at Rs 541.95 on Monday, then gained 2.37 percent to touch Rs 550.40, its 52-week high level on the BSE. A similar movement was seen on the NSE as well. The stock opened at Rs Read More

The government on Wednesday set a food grain production target of 328 million tonnes (mt) for the 2022-23 crop year (July-June) which is 4% more than a record foodgrain output of 315.7 mt in the previous year. Out of the total grain production, rabi crops such as wheat, mustard, and chana (gram) would contribute 164.8 mt in the 2022-23 crop year. Rabi crops are sown in the winter months of December-January and harvested from April Read More

The Indian rupee is likely to depreciate amid strong dollar, risk aversion in global markets. Asian currencies are taking a hit from dollar’s strength. USDINR pair is expected to consolidate in the range of 80.10 to 79.60 in the near term, according to analysts. In the previous session, rupee declined against the US dollar amid a lacklustre trend in domestic equities. At the interbank foreign exchange market, the local opened at 79.80, and it settled Read More