The likelihood of interest rates in the US remaining higher for longer has increased because inflation is not expected to decline anytime soon. The Reserve Bank of India may raise interest rates by 25 basis points at the following policy meeting and maintain its hawkish attitude, according to Prasanna Balachander, group head of global markets,…
On Friday, the Indian rupee made significant gains versus the US dollar, reaching a one-month high. The 82 mark was even removed by the currency! That might be the rupee’s greatest week in a month if the gains keep up. Positive Asian peers, a decline in the value of the dollar, and a substantial inflow…
After Wall Street reversed losses on Friday, Asian equities increased on expectations of a strong economic recovery in China and hints of a moderate U.S. Federal Reserve policy tightening stance. Strong U.S. data from recent weeks, particularly overnight U.S. unemployment claims, have roiled global markets and signalled that the Fed will need to hike rates…
After a pause of nearly two years, premiums for Indian robusta parchment coffee have risen and now exceed $1,000 per tonne over London terminal prices. This is primarily due to producers holding back their supply in anticipation of higher pricing and a lower than expected production of robusta parchment. Pricing differences for the Indian robusta…
Early Asian trade on Thursday saw a little increase in oil prices, extending gains from the previous two sessions. The world’s largest oil consumer, China, showed signs of a robust economic recovery, allaying concerns about an increase in U.S. crude stocks. Although U.S. West Texas Intermediate (WTI) crude futures were up 7 cents, or 0.1%,…
The rupee gained 0.2% versus the dollar on Tuesday, finishing the day at 82.66. As a result, the value of the Indian rupee remains stable within a range of 82.40 and 83. Yet, the overall bias is still against the rupee due to a weak local market and risk aversion. The dollar has been strengthening…
According to information provided by the Reserve Bank of India, the growth of non-food bank loan in January was 16.7%, a significant increase above the 8.3% growth seen in the same month last year. According to data on Sectoral Deployment of Bank Credit in January, credit growth to agricultural and related sectors increased to 14.4%…
Due to the wedding and holiday seasons, retail sales of platinum in India rose by 22% in the fourth quarter of 2022. Notwithstanding concerns about the status of the world economy, consumer demand propelled sales, according to a Platinum Guild of International (PGI) statement. According to the statement, platinum continues to be in demand from…
The Reserve Bank of India (RBI) said on Monday that the banking system’s loan growth for the three months ending December 31 was 16.8%, up from a rise of 8.4% in the same period a year earlier and a rise of 17.2% at the end of the second fiscal quarter. Bank branches in metropolitan areas,…
Mumbai, Early on Monday, the rupee lost 19 paise to trade at 82.94 against the US dollar as a result of a strong US dollar and a flat domestic equity market. At the interbank foreign exchange, the local unit started out weakly versus the dollar at 82.87, then declined further to 82.94, losing 19 paise…
