In the wake of the WTI crude futures falling below zero last week, the BSE has modified its trading system to allow commodity trading at negative prices.   In a notice, the BSE said that the development is pursuant to recent global movements in the crude oil derivatives markets where...

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There has been a sharp decline in arrivals of agri commodities in the first two weeks of April, mandi prices of vegetables, pulses and rabi crops have increased sharply, while rates of fruits, paddy and fibre crops have shown a significant decline, says a research note.   In the...

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Prices of gold, silver and crude oil surged on Wednesday on the Indian futures market MCX, following the rise in bullion and crude prices in the international market due to deepening military tensions between the US and Iran.   In the domestic futures market, the price of gold rose to...

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Market regulator Securities and Exchange Board of India (SEBI) has declared Anand Rathi Commodities Ltd and Geofin Comtrade Ltd (formerly Geojit Comtrade Ltd) as 'not fit & proper' to hold, directly or indirectly, the certificate of registration as commodity derivatives brokers with immediate...

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The Multi Commodity Exchange of India Ltd (MCX) on Wednesday said it has received the recognition from market regulator SEBI to launch operations of its subsidiary, Multi Commodity Exchange Clearing Corporation Ltd (MCXCCL) -- the first clearing corporation in the commodity derivatives...

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The demand for gold in the first quarter of 2014 was 167.1 tonnes   The demand for gold in India for the first quarter (January-March) of 2015 was at 191.7 tonnes, up by 15 percent as compared to the corresponding period of 2014, World Gold Council (WGC) said in a report on...

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    Precious metals seller paints a grim financial picture. But investing in gold or silver may not brighten the day   In case you missed it amid dystopian images of rising debt clocks and an explosion that apparently signifies “political upheaval,” let us point you to...

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In July, crude oil price was around $100. Now it’s around $65. What has caused the oil price to crash 35% suddenly?   The US Benchmark Western Texas Intermediate (WTI) fell to $64.47 today which was its lowest level since May 2010. This comes after the WTI contracts for January had...

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While Bitcoin investors have been quick to revolt against regulations, the system reeks of a lack of transparency and Bitcoins have exhibited a characteristic typical of a highly speculative market   Bitcoin is a highly speculative and unregulated virtual instrument, which has been...

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Over the past two weeks, gold prices across the globe have increased due to rising violence in Iraq that spurred demand for the yellow metal   The Indian government on Monday hiked the import tariff value on gold and silver to $411 per 10 grams and $632 per kg, respectively. Global...

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Since bourses are already collecting annual subscription charges from members, it is the responsibility of the exchanges to conduct such audits at their own cost, the commodity markets regulator said Commodity markets regulator, Forward Markets Commission (FMC), has asked national...

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There are reports of fake Indian currencies pouring in from across the border. The RBI can stop or at least, reduce to a great extent, the fake currency menace by introducing polymer currency notes at the earliest The election fever is on and heads have started rolling in allegations and...

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Following the breakup of a JV between Uralkali and Belaruskarli, China managed to secure potash at $305 per tonne. India too followed the suit and clinched a deal at $322 per tonne from Uralkali for 8 lakh tonnes of potash For the first nine months of fiscal year, 2013-14, covering April...

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Chinese currency Yuan or Remminbi has been rock solid until recently. This created carry trade of faking of exports, getting in foreign exchange and buying a rising renminbi. Now that the Chinese currency has dropped what happens? There was one major emerging market currency that was not...

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RBI has tried to push the inflation index bonds with additional commission for distribution and doubling the investment limit. But the product has not caught the fancy of investors. Find out why different customer segments shunned the product that is open till 31st March Reserve Bank of...

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The sharp fall in exports a matter of concern, says SBI Research The trade numbers released indicate export declining by 3.7% and imports registering a de-growth at17.1%. As a result the overall trade deficit narrowed to $8.1 billion. According to SBI Research the point of concern is the...

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Besides protection of its assets, Mt Gox has requested the suspension of actions in the US that jeopardise its efforts to restructure abroad Troubled Bitcoin exchange Mt Gox has filed for protection under US bankruptcy law, 10 days after doing the same in Japan after a huge loss of the...

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Many affected Indians have used untaxed money for purchase of those bitcoins and were looking for easy returns in this so-far unregulated market. Mt Gox is estimated to have lost over Rs3,000 crore In a rude jolt to growing virtual currency frenzy in India, bitcoins worth crores of...

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The website of Mt Gox, one of the major exchange for Bitcoin, is not longer online amid reports it suffered a debilitating theft, a new setback for efforts to gain legitimacy for the virtual currency Embattled Bitcoin exchange Mt Gox has largely vanished from the Internet amid...

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Finally, SEBI seems to have woken up to possible thousands of crores invested by consumers in gold savings schemes of jewellers. In these cases, there is no recourse, if the jeweller happens to shut shop. It is time these schemes are regulated to prevent any future scam   Many jewellers...

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