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    HomeNewsBusinessStocksSell NYMEX crude at around $103-$104/barrel: Nirmal Bang

    Sell NYMEX crude at around $103-$104/barrel: Nirmal Bang

    All international commodities extended their positive rally on the back of a few positive developments in the money markets in major developed and developing countries.

    December 09, 2011 / 11:07 IST

    All international commodities extended their positive rally on the back of a few positive developments in the money markets in major developed and developing countries. The Chinese central bank for the first time in three years cut its reserve requirement ratio (RRR) by 50 basis points.

    Also, the Federal Reserve announced a coordinated move with major central banks to lower the cost of dollar funding. The central banks agreed to reduce the cost of accessing the US currency by cutting the Fed
    first published: Dec 8, 2011 06:48 pm

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