India’s rabi crops sowing rises 4.4% led by wheat
The increase in crop area is across all crops with the highest in wheat. Out of the 25.99 lakh hectares increase in all rabi crops, the increase in wheat area is 9.65 lakh hectares from 302.61 to 312.26 lakh hectares. Though the sowing of rabi crops is still under progress, the area brought under wheat […]
Russia, India plan to drop use of US dollar, euro in bilateral trade: Russian diplomat
If the two countries switch to rupee-rouble settlement without addressing trade imbalance, then Russian banks that accept rupee payments from Indian buyers and release the corresponding amount to Russian sellers in rouble will see a huge pile-up of the rupee even after buying back all the rouble Russian buyers pay for Indian products and services.
Rising Covid cases is polishing gold’s appeal as safe haven asset
The economic data during the week from the US remained a mixed bag with the Conference Board’s one-year inflation expectation showing an ease down in inflation from 7.1% to 6.7%, and consumer confidence index spiked to eight months high of 108.3 in December from an upwardly revised 101.4 in November