Non-deliverable forwards indicate the rupee will open barely changed to the U.S. dollar from 82.8150 on Wednesday. In the last two sessions, the currency has been in the range of around six paisa
Markets also took stock of labor department data showing solid wage gains and a decline in the unemployment rate that suggested continued tightness in labor market conditions
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Compared with a year earlier, the Labor Department's underlying gauge is forecast to rise 4.8 per cent, according to the median projection in a Bloomberg survey of economists
Receding inflation has raised cautious optimism of a "soft landing" for the economy envisaged by Fed officials rather than the recession that most economists have been predicting
Rieder expressed his views on whether the US economy is out of crisis mode in terms of inflation, he said that once the inflation rate reaches close to three per cent, it becomes less concerning
Markets expect one more interest rate rise before the US rate-hiking cycle peaks. Higher rates can slow economic growth and reduce oil demand
CLOSING BELL ON JULY 13, 2023: The NSE Nifty50 hit a new high of 19,567, before finishing with a modest gain of 29 points on Thursday. Broader indices ended in red.
Treasury yields plummeted, the S&P 500 opened higher and the dollar slid following the report. The chances of an additional Fed rate increase after this month slipped to well below 50%
CLOSING BELL ON JULY 12, 2023: Shares of online gaming firms wilted under selling pressure on Wednesday owing to the 28% GST levy. Meanwhile, HDFC signed-off its from the bourses with a 0.6% loss.
Dollar index at two-month low; greenback purchases by banks on behalf of oil firms limits further rupee appreciation
But a few big buyers in credit markets are calling Fed's bluff
Fed now expected to keep interest rates unchanged at this week's meeting
CLOSING BELL ON JUNE 13, 2023: In the broader market, the BSE MidCap index soared 1.2 per cent, while the Smallcap added 0.8 per cent on Tuesday.
LONDON/SINGAPORE (Reuters) - The dollar fell slightly on Tuesday as investors awaited U.S. inflation data, while China's yuan slipped to a six-month low after the central bank lowered a short-term lending rate to boost the economy.
LONDON (Reuters) -European stocks rose in early trading on Monday and world stocks were just below 13-month highs ahead of key inflation data and U.S. Federal Reserve and European Central Bank meetings later in the week.
CLOSING BELL: In the broader markets, the BSE SmallCap index outperformed the frontline indices with 0.68 per cent rise
The Consumer Price Index (CPI) rose 0.4% last month after gaining 0.1% in March, the Labor Department said on Wednesday
The broader NSE Nifty gained 49.15 points or 0.27% to end at 18,315.10, posting gains for a third day in a row.
US wholesale prices fell last month, a sign that inflationary pressures in the economy are easing more than a year after the Federal Reserve began aggressively raising interest rates. From February to March, the government's producer price index dropped 0.5 per cent as energy prices plunged after having been unchanged from January to February. Compared with a year ago, wholesale prices were up 2.7 per cent in March, down significantly from a 4.7 per cent year-over-increase increase in February. The Labour Department's producer price index reflects prices charged by manufacturers, farmers and wholesalers. It can provide an early sign of how fast consumer inflation will rise. Wholesale inflation has come down steadily from a record 11.7 per cent year-over-year increase in March 2022 since the Fed began raising its benchmark interest rate to fight the worst inflation bout in four decades. Beginning in March of last year, the Fed has raised its key short-term rate nine times and is