Sluggish demand drags down cardamom futures by 0.70%

Share Market Tips|Stock Advisory Company IndoreCardamom futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators exited their positions in the agri-commodity amid subdued physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the downtrend in the domestic cardamom prices.

At the MCX, cardamom futures for May 2017 contract is trading at Rs 1170.50 per kg, down by 0.70 per cent, after opening at Rs 1166.10, against a previous close of Rs 1178.80. It touched the intra-day low of Rs 1160.20.


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Indian Rupee opens lower at 64.66 per Dollar

rupee-1The Indian rupee slipped in the early trade on Thursday. It has opened lower by 8 paise at 64.66 per dollar versus 64.58 Wednesday. Rupee is rangebound, consolidating after sharp gains in March. The USD-INR trading range for the day is 64.50- 64.80/dollar.” The dollar rose, a day after dropping to a 3-week low, but gave up some gains after a report from the Federal Reserve suggested the outlook for the US economy isn’t as rosy as it was earlier in the year.



Asia cautiously higher after Wall Street earnings; French election eyed

The first round of the tight French presidential election this weekend could influence movements in euro/dollar, said IG Chief Market Strategist Christ Weston in a Thursday morning note.

Most Asian indexes were cautiously higher on Thursday, following key earnings on Wall Street and as oil prices came off two-week lows set earlier in the session.
Japan’s benchmark Nikkei 225 index climbed 0.22 %and the ASX 200 was up by 0.29. The Kospi was higher by 0.16 %.

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