The Fed must peer through the murk and assess which direction the economy is heading
The price of 22-carat gold also inched up Rs 10 with the precious metal selling at Rs 60,610
Powell's remarks add some additional color about officials' thinking around the timing of the first rate cut, bolstering the idea that such a move could come in the next few months
The absence of major catalysts kept the dollar under pressure, having slipped on Tuesday after data showed U.S. services industry growth slowed last month
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 65,140
In prepared testimony to a House panel Wednesday, the Fed chief said it will likely be appropriate to begin lower borrowing costs "at some point this year," but made clear they're not ready yet
They're expected to press the Fed chief on why officials are keeping borrowing costs so high, risking damage to the economy, when they've made so much progress on inflation
That was the smallest year-on-year increase since February 2021 and followed a 2.6% advance in December
The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 57,490
The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 57,340
Tawakley expresses confidence in domestic cyclicals driving future performance
A negative spread between Indian equity yield and US long-term Treasury bond makes Indian equities less attractive for foreign investors and may lead to a selloff by FPIs
The overall CPI probably rose less than 3 per cent for the first time in nearly two years, economists forecast Tuesday's report to show
The price of 22-carat gold also declined by Rs 10 with the yellow metal selling at Rs 57,890
'The stage is set for the Fed to take steps toward cutting rates in coming months,' analysts say
Eleven rate hikes by the U.S. Federal Reserve have made borrowing expensive and increased risks of more defaults, especially as credit card debt is typically costlier than other loans
The price of 22-carat gold jumped Rs 300, with the yellow metal selling at Rs 57,700
The price of 22-carat gold slipped Rs 300, with the yellow metal selling at Rs 57,400
The price of 22-carat gold rose Rs 150, with the yellow metal selling at Rs 58,150
The People's Bank of China maintained the rate on its one-year policy loans on Monday, disappointing investors expecting the first trim since August