"federal-reserve"

Asian shares rose Monday, tracking Wall Street’s rally after Fed Chair Jerome Powell hinted at possible rate cuts amid labor market risks. Gains were led by Hong Kong, Shanghai, and Taiwan, with chipmakers boosting sentiment ahead of Nvidia’s earnings report

Gold prices are expected to stay range-bound amid global trade uncertainty, key US macroeconomic data, and central bank cues. While domestic festive demand may offer support, a stronger US dollar and volatility persist. Silver surged on tightening supply and industrial demand

Forex traders noted that market sentiment improved after Donald Trump, on Tuesday, stepped back from his earlier threats to dismiss Federal Reserve Chair Jerome Powell, following days of escalating criticism over Powell’s reluctance to cut interest rates. Trump also hinted at the potential for reduced tariffs on Chinese goods.

Forex traders noted that the local currency received support from declining crude oil prices and an influx of foreign capital into domestic equity markets. At the interbank foreign exchange, the rupee opened weaker at 86.60, dropped to 86.68, and was trading at 86.66 against the US dollar in early transactions, marking a 10-paise decline from its previous close.

Forex traders say the rupee is likely to remain in a weakening mode due to significant dollar demand

Forex traders say indication of some recovery in domestic equity markets prevented the fall in local unit

While the US dollar fell slightly in overseas markets, rising Brent crude oil prices limited gains for the domestic currency.

The broader 50-share Nifty tumbled 187.85 points or 0.86 per cent to 21,555.40 points while the 30-share Sensex crashed 675.79 points or 0.94 per cent to 70,879.40 points.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.05 per cent to 106.28.

In the international markets, both gold and silver were trading higher at USD 1,936 per ounce and USD 23.33 per ounce, respectively.

In the international markets, both gold and silver were quoting lower at USD 1,906 per ounce and USD 22.55 per ounce, respectively.

The Fed indicated in minutes from its July meeting that it would make future decisions based on hiring, inflation and other data.

Challenges persist in terms of cybersecurity, scalability, speed, and privacy aspects of the digital rupee

News of the worrying shortfall came amid the closure of Silicon Valley bank- the largest collapse since Washington Mutual in 2008

Mumbai: Equity benchmarks fell for the third day running on Tuesday, with the Sensex tumbling 375 points in early trade, tracking weak global markets as investors remained cautious ahead of the Federal Reserve meeting outcome. Unabated foreign fund outflows continued to weigh on the domestic equity markets. The 30-share BSE benchmark was trading 374.72 points […]

New Delhi: Continuing their selling spree, foreign investors have dumped Indian equities worth over Rs 39,000 crore this month so far amid rising bond yields in the US, an appreciating dollar and prospects of more aggressive rate hikes by the Federal Reserve. With this, the net outflow by foreign portfolio investors (FPIs) from equities has […]

Unlike other economists who believe inflationary pressures will recede over time, the Deutsche Bank analysts think otherwise.

Accordingly, market watchers, said that the upswing seen late on last Friday on account of rejig in international index weights might not sustain in the coming week.

Rising coronavirus caseloads across the globe have left investors cautious as governments impose restrictions to contain outbreaks.