Tag: base metals

Base metals jump up to 5% as dollar weakens; RBI hikes rates by 50 bps

Aug 5, 2022

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by

Drishya Yadav

in Non Ferrous

Base metals futures at London Metal Exchange (LME) and Shangai Futures Exchange (SHFE) gained by up to 5.28% against the previous closing following improved sentiments in the market as the US dollar index ended down by nearly 1%, SteelMint learned. RBI hikes interest rates by 50 basis points As inflation continues to remain at elevated…