The dollar held near recent peaks ahead of an expected U.S. interest rate cut, with traders raising long-term rate assumptions. The euro and yen weakened, while the gap between U.S. and German ten-year yields widened. Strong U.S. economic data suggests this week’s cut may be the last for a while.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20