Dollar inflow pushes up the value of Indian rupee

Dollar-rupeeOn Tuesday, the Indian rupee was trading stronger because there was mild inflow of both dollar as well as euro.

In the afternoon at 3:08 p. m., the partial convertible rupee was at INR=IN was at 45.78/79 per dollar. As compared to Monday, when the value was at 45.90/91, this was a much stronger position.

This marginal up is the only rise that it has seen ever since it saw a steep to be at a two months low of Rs. 46.01 per dollar. This happened because of rising worries on the Egyptian front.

Hyundai's sales and exports dip in January

Hyundai-MotorsIt has been reported by Hyundai Motors India (HMIL), a wholly-owned subsidiary of Hyundai Motor Company, that they have witnessed a fall of 17.7 per cent in their total sales during January. The real figure stood at 43,316 units during the month as compared to 52,628 units during the same period last year.

The good news, however, was that domestic sales were up although marginally by 2.4 per cent. As compared to last year when the figures stood at 29,601 units, this time around the units were at 30,306.

Commodity Outlook for Aluminium by Kedia Commodity

Commodity Outlook for Aluminium by Kedia CommodityAluminium yesterday traded with the positive node and settled 2.04% up at 115.15. Some support had been seen from the LME stock also which came down by -3450mt, the total stock at LME is now at 4521225mt. In yesterday's trading session aluminium has touched the low of 113.3 after opening at 113.3, and finally settled at 115.15. For today's session market is looking to take support at 113.9, a break below could see a test of 112.6 and where as resistance is now likely to be seen at 115.8, a move above could see prices testing 116.5.

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Commodity Outlook for Natural gas by Kedia Commodity

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Commodity Outlook for Turmeric by Kedia Commodity

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Commodity Outlook for Jeera by Kedia Commodity

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