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…
Gold prices have risen due to increased demand for safe-haven assets and heightened activity from traditional buyers during the wedding season. As of December 1, spot gold was priced around $4,239 per ounce, influenced by expectations of a potential US Federal Reserve rate cut. In the Indian market, gold futures on the Multi-Commodity Exchange (MCX)…
Despite the staggering GDP figure, the Indian rupee fell to new lows. The solid Q2 GDP report was overshadowed by FII outflows and uncertainties around the US-India trade pact, which kept the rupee trading well below the 89.50/$ barrier. The currency fell significantly from its November low of 89.49/$. Despite the spectacular Q2 GDP numbers,…
Oil prices increased by over 1% during Asian trading on Monday, with Brent Oil Futures rising 1.2% to $63.13 per barrel and West Texas Intermediate (WTI) crude jumping 1.2% to $59.27 per barrel. This price surge is attributed to OPEC+’s decision to maintain output steady through the first quarter and to renewed concerns over supply…
