Nifty's winning run faces Fed test, cash turnover slides as big caps dominate, and Sebi widens crackdown on finfluencer ads with Meta and Google compliance
Gold prices are likely to witness a phase of consolidation in the coming week as traders weigh a mix of global economic indicators, cues from central banks and shifting geopolitical dynamics, analysts said. Traders will monitor US housing numbers, consumer price data from the UK and Eurozone, and provisional PMI releases from key economies. Also, investors will closely track European Central Bank's President Christine Lagarde speech as well as commentary by Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium, which will provide further insights for the broader trajectory of the bullion prices, they added. "Gold prices are likely to see some consolidation/correction in the coming week as focus now remains on the incoming US macroeconomic data and the Federal Reserve's meeting next month with interest rate cuts in focus. "In the week ahead the focus will be on US housing data, CPI numbers from the UK and the Euro zone and the provisional data on manufacturing/ services
Treasury Secretary Scott Bessent also said he thought an aggressive half-point cut was possible given recent weak employment numbers
The Monetary Policy Committee is widely expected to reduce its benchmark rate by 25 basis points, to 4 per cent, sticking to its once-a-quarter pace of cutting
Posting on his Truth Social platform, Trump called Powell "stubborn." The Fed chair has been subjected to vicious verbal attacks by the Republican president over several months
RBI report says PSBs reduced lending and deposit rates more than private banks in response to 100-bps repo rate cut; economy stays resilient amid global uncertainty
The MPC's June 2025 decision to cut the repo rate by 50 basis points - more than expected - surprised markets
Powell and other Fed officials said they expected price increases to quicken this summer
Credit rating agency Fitch Ratings says ₹5.6 trillion liquidity infusions and cash reserve ratio cut will support loan growth, though banks may see short-term pressure on margins
Trump said he was not considering extending the July 9 deadline for countries to negotiate trade deals with the United States
RBI's rate cuts and revised lending norms could help a segment that developers have largely ignored
Trump has unleashed a pressure campaign on the central bank to cut rates, repeatedly assailing Powell and arguing the Fed's policies are keeping government borrowing costs too high
Ram Singh said lower inflation print than the forecast will strengthen the case for a rate cut
S Mahendra Dev discusses a wide-range of issues, including the impact of artificial intelligence (AI) on jobs, demand trends, and increasing the share of manufacturing in the economy
Tax relief in Budget, multi-year low inflation, and rural recovery are other tailwinds
PFC shelves bond issue for the second time in weeks as investors demand higher yields, citing losses on REC's earlier ZCB issue and shifting bond market dynamics
The recent moves by the monetary policy committee, of cutting rates, are in the right direction, and should be seen in the larger context of macro policy
Indian Rupee today: The domestic currency appreciated 16 paise to end at 85.64 against the greenback, after closing at 85.80 on Thursday
With inflation expected to rise back to above 4 per cent by Q4-FY26, the Monetary Policy Committee has capitalised upon the available headroom to frontload rate action
To give context to the significant turnaround in liquidity conditions, the RBI has purchased government bonds worth ₹5.23 trillion spread-over December 2024-end to May 2025