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How emerging uptick in commodity prices spells good news for Indian firms

A key reason the upswing in the commodity cycle is likely to help India is the relative performance of the dollar vis-a-vis the rupee

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The uptick in prices ranging from steel to wheat could also benefit lots of other commodity-based companies — from state-owned SAIL to the agro exporters

Subhomoy Bhattacharjee New Delhi
A commodity super-cycle is developing across the globe. Usually, such an uptrend in prices of commodities has meant bad news for India through inflation and a stress on the balance of payments and consequent downward pressure on the rupee. But this time India seems poised to benefit from the upturn. One of the key reasons is that crude, which usually leads the charge, is expected to buck the trend. This is good news for India’s oil marketers like Indian Oil and disinvestment-bound Bharat Petroleum Corporation Limited (BPCL).

The uptick in prices ranging from steel to wheat could also benefit lots

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First Published: Jan 19 2021 | 6:10 AM IST

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