BONDS, CURRENCIES & COMMODITIES


The global crypto mayhem last week wiped out Bitcoin worth $3.5 billion -- created to defend and support the TerraUSD (UST) stablecoin which saw a total crash -- and no one has any idea how such a large sum of funds disappeared.   Nearly 80,394 Bitcoin worth $3.5 billion were...

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Leading crypto exchange Coinbase suffered a major outage amid crypto mayhem especially with the cryptocurrency Terra Luna, heightening fears among the investors.   The company said it was actively working on the issue.   "We are aware that some customers are having issues...

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The dramatic crash of Terra (Luna), ranked among the top-10 most valuable cryptocurrencies, has wreaked havoc in the lives of investors who fear they will become homeless after the crypto mayhem.   Within the past 24 hours, its market-cap dropped from above US$40bn (billion) to just...

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The global cryptocurrency market entered its worst phase ever on Tuesday, with Bitcoin dropping below $30,000 per coin and leaving millions of investors in a panic mode.   The overall global cryptocurrency market dropped 13 per cent, and was hovering around $1.37 trillion market cap,...

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The Indian rupee extended its losses and touched an all-time low of 77.42 against the US dollar in early trade on Monday.   The Indian currency is weighed by the strength of the American currency in the overseas market and continued foreign fund outflows. Further, rupee slipped on...

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The monthly average retail price of wheat flour (atta) has risen nearly in the past one year period to Rs 32.3 per kg. The current prices are the highest since January 2010.   At the same time last year, its average price was at Rs 29.1, as per the data maintained by the Price...

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The Russian-Ukrainian crisis is expected to keep non-ferrous metal prices high in the near future.   The crisis has triggered shortages of these industrial metals which in turn have led to massive spike in their prices.   Till now, international prices of aluminium, copper,...

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Moneylife Digital Team/ IANS 24 February 2022
Brent-indexed crude oil prices climbed above US$100 a barrel for the first time since 2014 after Russia declared war on Ukraine. On Thursday, Russian President Vladimir Putin announced a military operation in Ukraine. Besides, crude oil prices surged by 5.50%, near US$97.22 per...

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Moneylife Digital Team 30 November 2021
Subscription for the eighth tranche of the Sovereign Gold Bond (SGB) Scheme 2021-22 has started from 29th November and will remain open till 3rd December. The Reserve Bank of India (RBI) mentioned, in its release last week, that the issue price for SGB 2021-22 has been fixed at Rs4,791 per...

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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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Moneylife Digital Team 23 April 2020
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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Moneylife Digital Team 26 February 2019
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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TruthInAdvertising.org 17 February 2015
    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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Moneylife Digital Team 01 December 2014
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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Akash Karmarkar 08 August 2014
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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Moneylife Digital Team 16 June 2014
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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Moneylife Digital Team 28 April 2014
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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