Commodity update:- The Rupee half-month low on yesterday against the dollars after the rupee recovery today. A dollars to 64 Rs value has occurred. it’s Impact has on the domestic commodity market. MCX crude oil price to decline.
In the International market decline and Rupee recovery today, Therefore Double impact on crude oil. MCX Crude oil down 55 Rs at 3024 and Natural gas 0.80 per cent down below the 179.90 Rs.
The domestic market in gold also decline with the pressure has increased as well as MCX Silver. MCX Gold is trading around 148 Rs down at 24751, while silver trading 210 Rs decline at 33720.00.
MCX Base metals positive trading in afternoon, MCX Aluminium is trading up around 0.30 Rs at 103.65. Copper Aug around 1.60 rs up at 337.75 and Nickel Jul is trading 13 Rs gain at 717 Rs.
If we look at Agri commodities today after yesterday's sharp decline has accelerated in soybeans. The gram is also lighter edge. But selling coriander dominate. The price has fallen nearly 1 per cent.
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