Crude-Oil

Due to persistent inflation and a larger-than-expected build in US crude stocks, crude oil prices have fallen

Early on Wednesday in Asian trading, oil prices dropped as investors reduced their expectations of a U.S. Federal Reserve interest rate cut and a U.S. industry organization reported that crude stocks increased more than anticipated last week. When the market started at 0000 Brent futures dropped 29 cents, or 0.4%, to $82.48. West Texas Intermediate…

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India’s Manufacturing PMI for October falls to 55.5, an 8-month low.

In October, India’s industrial activity decreased to 55.5 from 57.5 in September. This month marks the twenty-eighth consecutive month that the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ IndexTM (PMI) has shown signs of improving sector health. The most recent figure, which indicated the weakest rate of expansion since February, was below the long-run…

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The FOMC maintains the repo rate at 5.25-5.50%: Economists anticipate another rate hike by the US Fed, before the end of 2023,

Economists claim that the US Federal Reserve has left the door open for one more rate hike before the end of the year after voting unanimously to maintain its benchmark interest rates at 5.25-5.50%. Despite sustained US inflation rates above the central bank’s target range while the US economy remains robust, the US Fed increased…

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India’s economy is doing well despite the unfavorable global economic situation: RBI MPC member Ashima Goyal.

According to Ashima Goyal, a member of the RBI’s Monetary Policy Committee (MPC), the Indian economy has begun to perform well despite the unfavorable global environment since the Modi-led administration has carried out numerous reforms over the past nine years that have improved important macroeconomic indices. Goyal argued that it is foolish to extrapolate too…

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