Commodity price News
Durable makers would also go for another hike before the festive seasons as the industry is considering a price revision based on input credit, when their existing stock of raw materials and components would replenish.
Slumping commodity prices and lower tax receipts will see Australia`s budget deficit balloon to Aus$37.4 billion (US$27.2 billion) this year, Treasurer Scott Morrison said Tuesday as he downgraded economic growth forecasts.
The Reserve Bank on Thursday asked the banks to advise their large agri-borrowers to hedge their commodity price risks through derivative products available on the exchanges.
Sesa Sterlite on Thursday posted 11 percent dip in consolidated profit after tax during the third quarter of the current fiscal at Rs 1,588 crore subdued oil prices lowered income.
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