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Gold tumbles Rs 175 on global cues, silver plunges too

Gold tumbles Rs 175 on global cues, silver plunges too

Gold struggled to recover from overnight losses on Tuesday on expectations of a Federal Reserve rate hike next week and a robust dollar.

NMDC slashes iron ore rates by over 50%; more revision likely

State-run miner National Mineral Development Corporation (NMDC) has slashed iron ore prices by over 50 percent due to the week iron ore demand. Analysts see the prices softening further in the near-term

Fall in inflation due to dip in global commodity prices: Chidambaram

Attributing the decline in inflation to fall in global commodity prices, former Finance Minister P Chidambaram on Wednesday said the government should persuade RBI to cut interest rates if it believed the price situation would continue to improve.

'2013 CAD to be 4.3% if fall in commodity prices sustained'

The fall in global commodity prices, if sustained, is likely to lead to a "positive terms of trade shock", improving the current account deficit to 4.3 percent in 2013, from the earlier projection of 5.3 percent, according to a Nomura report.

Global commodity prices jump 10% in July-Sept qtr: IMF

"Commodity prices, led by food and energy, leapt 10 percent in the third quarter due to supply constraints," the International Monetary Fund said in a report.

Pranab blames global volatility for pressure on rupee

With the rupee fast losing value against the US dollar, Finance Minister Pranab Mukherjee on Friday blamed volatility in global commodity prices for currency depreciation and said deteriorating balance of payment (BoP) situation in several Asian countries also put stress on currencies.

RBI to wait for Budget proposals before cutting interest rates

The Reserve Bank on Friday said interest rates have peaked and indicated that it would reduce them after taking into account the Budget proposals and global commodity prices.