October 2024 was the worst month for outflows on record, with foreign investors wiping out an astounding Rs 94,000 crore (about $11.2 billion) from the Indian stock market. The high values of domestic stocks and the allure of attractive valuations in the Chinese stock market drove this abrupt withdrawal. The new outflow surpasses the Rs…
Early on Tuesday, gold prices dropped as traders continued to speculate about the possibility of a September rate cut by the Federal Reserve. At $2,425.55, spot gold prices were down 0.24%. This previous month, the price of the precious metal showed great strength, hitting a record high of $2,531.60 on August 20. The report’s conclusions…
Prior to Federal Reserve Chairman Jerome Powell’s address later that day in Jackson Hole, Wyoming, the rupee entered the day on August 25 slightly down against the dollar, reflecting declines in its Asian counterparts. The domestic currency was trading at 82.64 per dollar in the morning session, down 0.10 percent from its previous close of…
In response to a recovery in the value of the dollar relative to other major currencies, the Indian rupee had its largest weekly loss in two months. As Treasury yields increased amid an increase in expectations that the Federal Reserve will intensify its fight against inflation, a measure of the dollar experienced its best weekly…
The U.S. debt ceiling uncertainty and resurrected concerns for a regional banking crisis in the United States limited advances in the early Asian trading on Friday as traders covered short positions in anticipation of the weekend. In the morning session, Brent crude futures were up 36 cents, or 0.5%, to $75.34 per barrel. To reach…
A better gasoline demand report from the United States, the world’s biggest oil user, helped oil prices recover on Thursday after falling by more than a dollar a barrel the previous day. In the morning session, the price of Brent crude futures increased by 56 cents, or 0.7%, to $76.97 per barrel, while the price…
While Asian counterparts continued to decline, the Indian rupee finished Tuesday with little change as traders awaited new signals before placing significant wagers. As opposed to 81.9050 in the previous session, the rupee ended the day at 81.9125 to the dollar. Traders cited public sector bank-led dollar bids near 81.90-levels as the reason why additional…
Oil prices dropped on Monday, giving up earlier gains, as investors remained cautious ahead of a U.S. Federal Reserve meeting that may cause market turbulence and global producers this week decided to keep output steady. Brent crude futures were down 20 cents, or 0.2%, to $86.46 per barrel, while U.S. West Texas Intermediate crude was…
