Oil prices fell slightly on Tuesday. This is because of the continuation of the previous day’s 2% decline. Markets are watching the peace talks to end the Ukraine-Russia war, concerns about high oil inventories, and the upcoming US interest rate decision. The IEA report released on December 11 could have a major impact on the…
Indian stocks finished Monday’s trading session much lower. The Nifty ended the day at 25,960.55, down 0.86%, while the Sensex closed at 85,102.69, down 0.71%. The Nifty Bank closed at 59,238.55, down 0.90%, indicating that the pressure was equally evident in the banking sector. The BSE SmallCap and midcap indices both saw a 2% decline….
The Indian rupee extended its losing trend, following cues from the equity market. At 90.07, it finished the day down 0.1%. The currency fell 0.2% from its opening level of 90.06 to 90.17 against the US dollar. The US Federal Reserve’s impending policy decision on Wednesday, which is expected to impact the currency’s future course,…
Oil prices were mostly unchanged in Asian markets on Monday after last week’s gains. This was due to the stalled US-Russia talks on the Ukraine issue and hopes that the Federal Reserve would cut interest rates this weekend. Recent US-led talks have failed to resolve the Russia-Ukraine standoff. Markets are pricing in an 88% chance…
The Reserve Bank of India unveiled a liquidity-boosting package that comprises a three-year USD/INR buy-sell swap and Rs 1 lakh crore in government bond OMO purchases, along with a unanimous 25 basis point repo rate drop to 5.25 percent. Governor Sanjay Malhotra stated that the central bank is still dedicated to supplying enough long-term liquidity,…
Oil prices remained mostly stable during Asian trading on Friday, following gains from the previous session, as stalled diplomatic efforts regarding the Ukraine war and strong expectations of a U.S. Federal Reserve rate cut influenced the market. Brent Oil Futures for February declined by 0.2% to $63.15 per barrel, while West Texas Intermediate (WTI) crude…
The Indian rupee closes at 90.19 versus the US dollar, down 0.36% from the previous close, setting yet another record low. The currency has declined by over 5% on a cumulative basis this year against the greenback. A stalled trade agreement between the US and India, persistent equity sales by foreign portfolio investors, and a…
Gold prices experienced stability during Asian trading on Wednesday, remaining largely unchanged as investors anticipated key U.S. economic data and a Federal Reserve meeting scheduled for next week, where a rate cut is widely expected. Spot gold was flat at $4,204.55 per ounce, while U.S. Gold Futures rose by 0.4% to $4,235.75. Earlier in the…
Indian rupee closed at a historic low of 89.87 versus the US dollar, continuing its losing trend. The stalled India–US trade pact and continued FPI outflows from equities have added to the negative pressure on the currency. The rupee plummeted for the fifth straight day, setting a fresh low of 89.95 per dollar, down 0.45%…
Gold prices fell in Asian markets on Tuesday. The reason was that US Treasury interest rates rose. Investors were cautious due to several important economic data and a major policy announcement by the US Federal Reserve. The US 10-year Treasury yield was near its highest level in the past two weeks. Generally, buying gold is…
