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India's gold related shares seen rising after RBI eases norms MUMBAI: An overnight move by the Reserve Bank of India to ease gold import and lending norms for banks is set to trigger gains in shares of jewellery makers, as well as shares of lenders which accept gold as collateral.Traders said on Thursday that shares of Federal Bank, Muthoot Finance Ltd as well as Mannapuram Finance Ltd were being closely watched after the RBI late on Wednesday allowed banks to lend against gold, lifting a ban imposed in end-June 2013."Gold-related stocks would gain. It also shows RBI's comfort due to rising forex reserves," said Deven Choksey, managing director, K R Choksey Securities in Mumbai.The central bank also clarified that so-called star or premier trading houses would be allowed to import gold without any end use restrictions, two months after it scrapped a rule on exporting 20 percent of total gold imports."All sale of gold domestically will, however, be against upfront ...


Wheat steady, early gains pared as US exports deemed too expensive SYDNEY: US wheat futures held steady on Thursday after dropping back from early gains as US supplies were seen as too expensive. Trading was light with many Asian markets closed.Corn rose for the third time in four sessions, while soybeans were little changed.Chicago Board of Trade March wheat futures were flat at $5.27-3/4 a bushel, after having edged slightly higher in early trading. Wheat had closed down 1.3 percent on Wednesday.Traders and analysts said prices ...

London copper prices drift on Lunar New Year lull MELBOURNE: London copper edged lower on Thursday, paring gains from a short-covering burst the session before, with trade subdued as many Asian nations celebrate Lunar New Year.Copper prices hit five-year lows in January as inventories held by exchanges shot higher and industrial activity was constrained by slack seasonal demand and China's slowing economic growth. A recovery in recent weeks has failed to gain much traction. "You've had stocks rising, merchant premium pretty weak - the ...

Gold falls to six-week low on Greek deal hopes LONDON: Gold hit a six-week low on Wednesday, extending the previous day's steep losses, as hopes for a successful resolution to Greece's debt talks sent European stocks to a seven-year high.Platinum prices also slid to their lowest in 5-1/2 years, hurt by the weakness in gold.Spot gold fell to $1,202.88 an ounce, its lowest since Jan. 6, and was down 0.3 percent at $1,205.31 at 1508 GMT. U.S. gold futures for April delivery were down ...

Raw sugar edges lower, arabicas steady after selloff LONDON: Raw sugar futures edged lower a slight correction on Wednesday after breaking above psychological resistance at 15 cents a lb in the previous session, while arabica coffee futures steadied after a sharp sell-off on Tuesday.New York cocoa was little changed in modest volumes.ICE March raw sugar futures traded down 0.01 cent, or 0.1 percent, at 15.13 cents a lb at 1525 GMT."You may be seeing a little bit of profit taking," said Tracey Allen, ...

Copper rebounds as Chinese sellers go on holiday LONDON: Copper rebounded on Wednesday after hefty falls in the previous session, as some bulls took advantage of Chinese investors being absent due to the week-long Lunar New Year holiday.Chinese funds helped drive a rout on copper markets last month, that sent prices spiralling down to the lowest levels in 5-1/2 years amid worries about a slowing Chinese economy and surging copper inventories."Yesterday the selling was coming from the Far East, but they're not around ...

Wheat tumbles 2pc after Egypt cancels US tender CHICAGO: US wheat futures tumbled as much as 2 percent on Wednesday, heading for their biggest daily losses in two weeks after top global wheat importer Egypt cancelled a tender seeking supplies from the United States.Overbought technical conditions also pressured prices, with corn and soybeans each falling more than 1 percent at the Chicago Board of Trade."When you have an oversupply or a strong supply, the path of least resistance is lower," Jefferies Bache analyst ...


 



 
Index Closing Chg%
Arrow DJIA 18,214.42 0.06
Arrow Nasdaq 4,987.89 0.42
Arrow S&P 2,110.74 0.15
Arrow FTSE 6,949.73 0.21
Arrow DAX 11,327.19 1.04
Arrow CAC-40 4,910.62 0.58
Arrow Nikkei 18,785.79 1.08
Arrow H.Seng 24,902.06 0.50
Arrow Sensex 28,746.65 0.90







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln