Yubi Daily Wrap

Macro Updates

Indian Meteorological Department has predicted a hotter weather for the country in the upcoming months – indicating risk to the crop production (specifically wheat) and the already strained power network. Monthly average maximum temperatures in February were the highest since 1901, pushing up the  demand for electricity to all time highs. Wheat production could drag for second consecutive year, impacting domestic prices as well.

March 1, 2023

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