Thu, Nov 02, 2023
Powell said the better course of action for now, given the uncertainties, was to maintain the Fed's benchmark overnight interest rate in the current 5.25 per cent-5.50 per cent range, and see how job and price data evolve between now and the next policy meeting in December.
Wed, Nov 01, 2023
With financial markets expecting the U.S. central bank to keep interest rates on hold at the end of a two-day policy meeting on Wednesday, policymakers now have to judge whether the economy's stronger-than-anticipated performance is a last gasp of the consumer splurge that began during the COVID-19 pandemic, or evidence that monetary policy still isn't strict enough to fully return inflation to the Fed's 2% target.
Sun, Oct 29, 2023
The trading activity of foreign investors and the movement of global oil benchmark Brent crude will also be tracked.
Wed, Jun 08, 2016
Rajan declined to comment on speculation over his future, telling reporters on Tuesday, "You will know when there is news."
Tue, Jun 07, 2016
While the unemployment rate fell to 4.7%, the lowest since November 2007
Fri, Jun 03, 2016
"The Reserve Bank of India (RBI) is likely to maintain a status-quo on interest rates in the second bi-monthly monetary policy review," the report by India Ratings said.
Tue, May 31, 2016
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.4%, poised to end the month down 1.9%.
Sun, May 29, 2016
The outflow comes after FPIs pumped in Rs 6,418 crore in the debt market last month.
The Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, the US central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July.
Thu, May 26, 2016
Terming a sharp slowdown in China as a "significant risk" for the global economy and the SAARC region, in particular, Governor Raghuram Rajan on Thursday said RBI has been moderating any extreme currency volatility through its intervention.
Tue, May 24, 2016
Besides, persistent demand for the American currency from importers and banks and US dollar's strength against other currencies overseas on renewed possibility of the US Federal Resrerve raising borrowing costs as early as June weighed, forex dealers said.
Mon, May 23, 2016
Bullion has been under pressure since the Fed released the minutes of their April meeting last week that showed officials believe the US economy could be ready for another interest rate increase next month.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6%, after the US shares rallied on Friday, shrugging off growing expectations of further tightening in monetary policy.
Sat, May 21, 2016
Bullion traders said sentiment remained weak on the back of subdued global trend amid speculation that the US Federal Reserve will raise interest rates as soon as next month, curbing the appeal of the precious metals.
Fri, May 20, 2016
The broader NSE Nifty closed down 0.43% at 7,749.70.
New York Fed President William Dudley said on Thursday there was a strong sense among the central bank officials that markets were underestimating the probability of policy tightening and that the Fed was on track for a rate hike in June or July.
Thu, May 19, 2016
The Nifty closed down 1.1% at 7,783.40.
"Most participants judged that if incoming data were consistent with economic growth picking up in the second quarter, labor markets continued to strengthen, and inflation making progress toward the committee`s 2 percent objective, then it likely would be appropriate for the committee to increase the target range for the federal funds rate in June," according to the minutes.
Wed, May 18, 2016
The Nifty dropped 0.26% to end at 7,870.15 points
Strong US inflation data and comments from Federal Reserve officials rekindled prospects of the central bank raising rates later this year
Thu, May 12, 2016
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2% in early trading, in the wake of the worst day for the US share markets since February, following downbeat quarterly retail reports.
Mon, May 09, 2016
The broader NSE Nifty rose 1.32% to 7,835.25 as of 0648 GMT, while the benchmark BSE Sensex was 1.31% higher at 25,562.78.
Fri, Apr 29, 2016
The yen also pushed higher against the euro, which fell 0.4% to 122.295 yen.
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