📌 Commodity Market Update

Advisory Bazaar Info Services

• Ahead of the U.S. Federal Reserve’s policy decision, the weak U.S. dollar is expected to support the Indian rupee to trade stronger.

• Due to upcoming state bond supply, Indian bond yields are expected to remain in a limited range on Tuesday.

• India’s current account deficit is projected to rise from 0.6% of GDP in FY25 to 1% in FY26, mainly due to the impact of higher U.S. tariffs.

• Indian equity markets are trading strong – Nifty up 86 points and BSE Sensex up 307 points. Gains are driven by expectations of progress in China–India–U.S. trade talks and the possibility of a Federal Reserve rate cut.

• India and the U.S. will hold trade talks today in New Delhi. Objective: to seek a solution after Donald Trump imposed tariffs on India’s Russian oil purchases.

• Silver remained steady around $42.5/oz on Tuesday, close to a 14-year high. The main driver is expectations of a Fed rate cut.

• Oil steady: supply risks linger after Ukrainian drone attacks on Russian refineries. Brent crude +0.04 = $67.48/bbl, WTI crude +0.02 = $63.32/bbl.

• Shanghai copper futures hit a 5-month high, supported by progress in U.S.–China talks and Fed rate cut expectations. Base metals traded mixed in early Asian trading.

• Iron ore futures jumped, rebounding from previous declines, supported by improving concentrate production in China and stronger steel benchmarks.