ECB expects economic activity in Europe to slow down substantially in coming months, due to skyrocketing prices, decreased spending power and overall uncertainty, ECB President Christine Lagarde said.
Profit-taking after a sharp extension of the dollar's long rally also took hold and the pullback was broad
Investors are expecting the ECB to go for a hefty rate hike to combat soaring inflation. The policy decision is due at 1215 GMT
The price of silver dipped Rs 1,100 per kg with the metal trading at Rs 52,800
Gurgaon-based ReNew Power has raised a $1-billion project loan through external commercial borrowings, tying up with 12 international banks for the finance.
With the worst yet to come in Europe, strategists say policy makers may hike more aggressively than many expect, upending a bond rally that some say has gone too far
This transaction is the largest social loan globally, the first social external commercial borrowing (ECB) loan out of India and the largest ECB loan deal from a HFC or private NBFC in India
Comments follow huge pressure on ruper versus the dollar due to record outflows from domestic equity markets amid elevated commodity prices and higher US interest rates
(Reuters) - Gold bounced off a one-year low, gaining over 1% on Thursday, benefiting from some safe-haven interest amid economic concerns as the dollar eased.
European stocks and bonds slumped and the euro rose after the European Central Bank raised rates by a larger-than-expected 50 bps
Gold rates have slumped to a nearly one-year low over ECB rate hike fears. Oil prices have also followed suit
NEW YORK (Reuters) -The U.S. dollar edged lower against the euro on Wednesday in a choppy session, but its losses were capped as traders were hesitant to drive big moves ahead of a crucial European Central Bank policy decision on Thursday.
While the impact on other currencies has been sharp with most of them depreciating, the rupee has done well, being somewhere in the middle
The RBI announced five measures on July 6 to further liberalise foreign exchange. The measures are aimed at creating a more enabling environment to attract dollars through banking deposits, ECB, FPI
RBI announced five measures pertaining to the liberalisation of foreign exchange flows into India
Oil prices are up 10% in barely a week on supply constraint concerns with Brent crude holding above $117, pushing the Canadian dollar and the Australian dollar up 0.3% and 0.4% respectively
US Federal rate hikes are being counted on while share market investors are hedging their bets, leading to a Dollar drop
Investors have now lost 10.1 per cent this year on euro high-grade corporate bonds, Bloomberg debt indexes show
European stocks have taken a dip alongisde the currency as ECB sets in to join the rate hike club like many others, say reports
ECB President Christine Lagarde struck a dovish tone by saying the central bank might need to cut its growth outlook