Archive for the Commodities Category

MCXCOMDEX Trades Higher

May 29, 2009 by  |  No Comments

At the Multi Commodity Exchange (MCX), MCXCOMDEX is trading up by 10.89 points, or 0.49%, at 2,249.14 after opening at 2,239.39. (12.56 p.m.) Other index like MCXMETAL is trading upward by 17.04 points, or 0.67%, at 2,569.11 after opening at 2,555.03. Meanwhile MCXENERGY is trading up 10.12 points, or 0.44%, at 2,293.74 after opening at [...]

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Rupee Appreciates vs USD

May 29, 2009 by  |  No Comments

Rupee appreciates 1.13% vs USD at 47.29 The Reserve Bank of India’s reference rate for rupee appreciated 1.13% against US dollar to 47.29 on May 29, as compared with previous working day of  47.83 (May 28). Meanwhile, the rupee depreciated 0.03% against Euro to 66.18 on May 29, as compared to 66.16 on May 28. [...]

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Short Crude June Kedia

May 29, 2009 by  |  No Comments

Crude oil rallied toward USD 65 a barrel after government data showed that domestic crude inventories dropped much more than expected last week as refineries ramped up operations and imports fell, said Ajay Kedia, managing director, Kedia Commodities. Technically, Crude had taken the support at Rs 3,000 level on MCX and now momentum is very [...]

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