Interim update on the Indian mint market prior to our IFEAT edition market report.
August Market Report
In this report we provide an update on how the political situation in Egypt is affecting commodity prices. Additionally we look at the effects of the Indian Rupee's tumble against the US dollar and continued heavy rain in Indonesia.
July Market Report
A major factor affecting the markets this month is the rate of exchange, with the US dollar reaching a high of US$1 to 62 rupees .Earlier in the month this resulted in low export prices but in the later part of the month the national bank of India has taken measures to redress the trend. If these measures are effectual, commodity prices will be supported by the currency. At the time of writing the rupee /dollar exchange is back down between 59 and 60.