Page 2 - Us Rate Hike

Rupee gains as Fed's Jerome Powell hints at slower US rate hikes

So far in 2022, the Fed has hiked rates by a total of 375 bps, leading to a stronger dollar and diminishing the appeal of emerging market assets

Oil prices fall on worries of US rate hikes, China demand outlook

Brent crude fell $3.08 to settle at $89.78 a barrel, down 3.3%. U.S. West Texas Intermediate (WTI) crude slid $3.95, or 4.6%, to settle at $81.64 per barrel.

Rupee slides 38 paise against dollar as traders jittery before US CPI

Over the last three days of trade, the rupee had strengthened sharply against the US dollar, climbing to one-month highs. The domestic currency was at 82.89 on November 3

India's forex reserves touch $524.5 bn, lowest level since July 2020

The primary reason for the decline is foreign currency assets, which recorded a dip of $3.5 billion to $465 billion

Too early to write off 'king' dollar's dominance, says Wall Street

It's too soon to write off the dollar's dominance as the US rate-hike cycle may not be near its peak

RBI sells dollars as rupee hits record low on US rate hike woes: Report

The Reserve Bank of India likely sold dollars via state-run banks on Monday after the rupee plumbed a fresh record low following a US jobs report that firmed bets of more aggressive rate hikes

Wall Street slips as jobs growth boosts rate hike bets; Dow falls 480 pts

The S&P index recorded two new 52-week highs and 49 new lows, while the Nasdaq recorded 12 new highs and 148 new lows.

Wall Street slips as jobs growth boosts rate hike bets; Dow falls 480 pts

The S&P index recorded two new 52-week highs and 49 new lows, while the Nasdaq recorded 12 new highs and 148 new lows.

Wall St drops amid inflation, rate hike worries; megacap growth stocks fall

Megacap growth stocks fall against rise in yields; oil prices add to inflation woes post OPEC+ output cut; US weekly jobless claims increase more than expected

TMS Ep267: IT's HR challenge, IndiGo, US Fed rate hike, PFI

Is the IT industry facing an HR challenge? Did IndiGo miss the premium economy flight? Which sectors are worth your money as RBI mulls a rate hike? What is the Popular Front of India? Answers here

Mkts swing after Fed hike; Sensex, Nifty50 shed 1% each in intraday trade

The Nifty50 index fell 89 points, or 0.5 per cent, to close at 17,630. The India Vix index rose 2.6 per cent to finish at 18.82

Foreign fund flows remain weak for banks despite RBI's liberal steps

The measures have brought in $1.5-2 billion so far; response to relaxed FX norms tepid as US rates higher, RBI not acting as counterparty

Fed expected to stick to aggressive rate hikes as inflation stays hot

A 75 bps increase at the Fed's Sept. 20-21 meeting would put the policy target in the 3%-to-3.25% range, above the level that most policymakers believe will start biting into economic growth

Wall St slides for fifth straight day on rate hike jitters; Nasdaq falls 2%

All eyes on August nonfarm payrolls report on Friday; Nvidia, AMD falls after US export ban on AI chips to China

Global shares track Wall Street slide on higher rate hike expectations

Global shares were lower on Thursday, tracking a broad slide on Wall Street, as investors braced for higher interest rates and inflation worries for some time. France's CAC 40 declined 1.6 per cent to 6,025.93 in early trading, while Germany's DAX slipped 1.6 per cent to 12,633.32. Britain's FTSE 100 was down 1.6 per cent at 7,164.45. US shares were set to drift lower, with Dow futures falling 0.6 per cent to 31,350.00 and S and P 500 futures declining nearly 0.8 per cent to 3,926.00. Benchmarks finished lower in Asia. Japan's benchmark Nikkei 225 dipped 1.5 per cent to finish at 27,661.47. Australia's S and P/ASX 200 dropped 2.0 per cent to 6,845.60. South Korea's Kospi shed 2.3 per cent to 2,415.61. Hong Kong's Hang Seng lost 1.8 per cent to 19,597.31, while the Shanghai Composite declined 0.5 per cent to 3,184.98. Oil prices fell. The slide in the Nikkei came despite signs of improvement in the Japanese economy. A study by the Finance Ministry on corporate financial statements

Gold prices slip to six-week low on robust dollar, rate-hike view

Euro zone inflation rose to a record high last month, solidifying the case for further aggressive rate hikes by the European Central Bank.

Asian stocks follow Wall Street lower after US jobs data signals rate hikes

Asian stocks followed Wall Street lower Wednesday after strong U.S. jobs data fuelled expectations of further interest rate hikes and Chinese manufacturing activity weakened. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices rose more than USD 1 per barrel. U.S. government data Tuesday that showed there were two jobs for every unemployed person in July appeared to support arguments the economy can tolerate more rate hikes to tame inflation that is running at multi-decade highs. Some investors had hoped the Federal Reserve would back off due to indications economic activity is cooling. The jobs data supported the argument for the Fed to stick to an aggressive stance, said Edward Moya of Oanda in a report. The Shanghai Composite Index fell 1.1% to 3,191.00 after an index of manufacturing showed activity contracted again in August. The Nikkei 225 in Tokyo shed 0.5% to 28,063.06 and the Hang Seng in Hong Kong sank 0.4% to 19,867.17. The Kospi in South Korea gained 0.7% to ..

Gold set for fifth monthly fall as US rate hike prospects mute appeal

Spot gold was flat at $1,724.18 per ounce, as of 0541 GMT, trading close to a one-month trough hit on Monday. Bullion has lost 2.3% so far in August

Global central bankers follow US Fed Chair to give hawkish message

The heads of the Bank of England, Swiss National Bank, Bank of Japan, Bank of Korea and several European Central Bank policy makers spoke on Saturday at the Kansas City Fed's annual retreat

Amid hefty FPI flows, rupee turns into outperformer among EM peers

Rupee performs better than 11 emerging market currencies amid jump in US dollar index