Putin's call for partial mobilisation hits risk appetite in currency market
RBI asked for mkt views on BoP, impact of 75-bps rate hike by US Fed
The rupee consolidated in a narrow range and settled 7 paise higher at 79.74 against the US dollar on Tuesday, snapping its four-session falling streak as investors await the US Fed's policy statement for further cues. At the interbank forex market, the local unit opened at 79.70 against the greenback. It witnessed an intra-day high of 79.58 and a low of 79.77 during the session. It finally ended at 79.74, up 7 paise from its previous close of 79.81. The rupee declined by 64 paise in the past four sessions due to forex outflows and a stronger dollar. The dollar index, which measures the greenback's strength against a basket of six currencies, rose 0.12 per cent to 109.87. Brent crude futures, the global oil benchmark, advanced 0.14 per cent to USD 92.13 per barrel. "Rupee continued to consolidate in a narrow range despite gains in domestic equities. Volatility remained low ahead of the important FOMC policy statement that will be released tomorrow," said Gaurang Somaiya, Forex & .
Market is building an earnings growth of 10-12 per cent for FY23, which seems achievable given the present earnings momentum and economic outlook, says Sanjay Chawla of Baroda BNP Paribas MF.
The information technology sector (IT), Jefferies believes, remains at significant risk of sell-off if the Nifty were to correct
Markets, Credit Suisse said, had factored in excessive hope and not enough economic realities ahead of the Jackson Hole Symposium
But depreciation likely to be orderly because of RBI support, FPI inflows
The recent 'hope rally' in Indian markets was mostly led by a presumption that global central banks, especially the US Fed, may go slow on rate hikes in the rest of 2022 as the inflation cools off.
Asian shares got off to a rocky start on Monday while the dollar remained in demand amid concerns that most major central banks are committed to raising interest rates no matter the risks to growth
Economists polled by Reuters had forecast a 0.2% rise on the heels of a roughly 20% drop in the cost of gasoline
NEW YORK/LONDON (Reuters) - The dollar rebounded from a three-week low in choppy trading on Friday, as a round of U.S. economic data suggested that inflation continued its red-hot rise in June, keeping the Federal Reserve on track to raise interest rates as aggressively as it deems necessary.
As the cryptocurrency market cap crossed $1.1 trillion mark on Friday and Bitcoin rose above $24,000, experts said that 'we are not there yet'
Gold and silver have always remained some of the precious assets to safeguard against inflation
Powell cannot afford to take his eyes off the prize - to get inflation down
Markets perceive Fed as being less hawkish
(Reuters) - Gold slipped on Thursday, heading for its worst quarter in five as a hawkish tone from global central banks dimmed appeal for the non-yielding asset.
India's market ranking has once again slipped to seventh position as a variety of crises bother investors
The US central bank will begin allowing its holdings of Treasuries and mortgage-backed securities to roll off in June.
While the general consensus is of 6-7 rate hikes this year by the US Fed, there are some who expect lower rate hikes and a slowdown in the economy
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