Fiscal consolidation must take precedence in the upcoming Budget, even if it's an interim one
Apart from Ethereum, almost all the major crypto coins traded range bound in the last one week
US Federal Reserve's this week comments suggested that the interest rates may remain high for some time to come
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Median one-year-ahead inflation expectations rose slightly last month to 3.6% from 3.5% in July, the New York Fed said Monday
Earlier, traders were expecting the central bank to cut the repo rate, starting February
In the last few weeks, the market was witnessing a bull run after the news emerged of several big entities showing their interest in Bitcoin but in the later part of the week, the market saw a sell-of
Domestic markets have been concerned about India being pressured to follow the US Federal Reserve in raising rates to ensure that a too-narrow rate differential does not restrict dollar inflows
CLOSING BELL ON JUNE 16, 2023: At the high point of the day, the Sensex was just 63 points shy from its record high, and the Nifty 22 points; Debutant IKIO ends at 42 per cent premium over issue price
The European Central Bank pressed ahead with another interest rate hike on Thursday and pledged more are on the way, aiming to crush inflation that is driving up the cost of groceries, utility bills and summer vacations even after the US Federal Reserve took a break from its own string of increases. The boost of a quarter-percentage point, to 3.5 per cent, is the eighth straight increase since July 2022 for the 20 countries that use the euro currency. That is an unprecedentedly swift campaign to tighten the flow of credit to the economy as the bank seeks to return inflation to its target of 2 per cent from 6.1 per cent. ECB President Christine Lagarde said more hikes, including at the bank's next meeting on July 27, are in the cards. Are we done? Have we finished the journey? No, we're not at destination. Do we still have ground to cover? Yes, we have ground to cover, she said at a news conference. Lagarde said the bank will continue to hike at our next meeting. So we are not thin
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LONDON (Reuters) -European stocks rose in early trading on Monday and world stocks were just below 13-month highs ahead of key inflation data and U.S. Federal Reserve and European Central Bank meetings later in the week.
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The US Federal Reserve is expected to meet on May 2 and 3 to decide on further rate hikes
The leaked data includes employees' social security numbers and bank account details
The US Federal Reserve (Fed) and the Reserve Bank of India (RBI) should hike once more by about 25 basis points each, says Rahul Arora CEO-institutional equities at Nirmal Bang
So far in 2023, the rupee has gained 0.5 per cent against the US dollar
The Fed's relentless rate hikes to rein in inflation have been partly blamed for sparking the biggest meltdown in the banking sector since the 2008 financial crisis
The trading activity in the domestic equity markets is likely to remain volatile this week as investors will focus on global cues such as the outcome of the US Federal Reserve meeting and the US banking crisis due to lack of local triggers, analysts said. FII activity and movement in the rupee and oil prices will also be watched by traders as global trends have been dictating the direction of the local stock markets currently, they added. Benchmark Sensex and Nifty declined by around 2 per cent last despite a recovery in the last two sessions due to selling in financials, IT, auto and banking stocks as fears of contagion of the US banking crisis kept investors on the edge. The US banking crisis remained at the centre stage keeping the participants on their toes. Besides, the continuous outflow the foreign funds added to worries, analysts said. "In absence of any major domestic event, the focus would be on the upcoming FOMC meet scheduled on March 21-22. Besides, movement in crude a
As the upgraded crew took over, it fired off a series of formal warnings to the bank's leaders, pressing them to fix serious weaknesses in operations and technology