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Uncertainty on US Fed's stance, actions can impact demand in India: RBI

The uncertainty around the actions and stance by the US Federal Reserve will have a detrimental impact on the aggregate demand in India, a paper written by Reserve Bank of India executives said on Friday. Making it clear that the article published in the monthly bulletin does not represent the RBI views, the paper also asked major central banks to be circumspect on their actions and communication, saying the same have a bearing on emerging markets. Changes in the monetary policy stance of the US Federal Reserve tend to impact the Indian economy, altering domestic output and inflation, it said. "Heightened uncertainty around the stance and actions of the US Federal Reserve is estimated to reduce aggregate demand in the Indian economy," the paper added. The country's economic growth is widely expected to decline to 6 per cent or even lower in FY24. The US Fed has been hiking interest rates to record levels in order to cool inflation. The paper termed cross-border transmission of ...

Meta wins court battle against USFTC to acquire VR company 'Within'

Meta recently acquired the Netherlands-based 3D smart glass maker Luxexcel, as it doubles down on its metaverse dream in 2023

US hits debt ceiling, Treasury Department takes measures to finance govt

Treasury Secretary Janet Yellen announced in a letter to House Speaker Kevin McCarthy that her department would put the temporary brakes on new investments

US authorities charge more than 100 with gun, drug crimes in 3 states

Federal authorities announced a blitz of arrests and indictments Wednesday against more than 100 people charged with gun and drug crimes in three US states. The flurry of charges from the Justice Department in Georgia, West Virginia and New York comes as federal officials work to combat an uptick in violent crime, particularly involving guns. The Biden administration has tried to showcase federal, state and local efforts to get guns and repeat shooters off the streets. Federal prosecutors and FBI agents were particularly busy in southern Georgia, where an indictment was unsealed charging 76 people with involvement in what authorities called a gang-related network that distributed methamphetamine, fentanyl and other illegal drugs. Authorities called it the largest indictment ever filed in the 43-county Southern District of Georgia. The FBI sent SWAT teams and agents from Atlanta and neighbouring South Carolina and Florida Wednesday to help round up more than 30 suspects in coastal ..

US FTC sues Microsoft to block its $69 bn Activision Blizzard acquisition

The deal would enable Microsoft to suppress competitors to its Xbox gaming consoles and its rapidly growing subscription content and cloud-gaming business

Twitter's hectic overhaul under Musk puts world's regulators on alert

In a rare intervention on Thursday, the US Federal Trade Commission said that it was tracking developments with "deep concern" and said that "no CEO or company is above the law"

US inflation eases to 7.7% in Oct, gives Fed room to slow rate-hike

The consumer price index was up 7.7% from a year earlier, the smallest annual advance since the start of the year and down from 8.2% in September

Rupee marks biggest monthly losing streak since 1985, braces for Fed move

Oil importers' dollar purchases, breach of technical levels drag rupee lower

DGCA writes to telecom dept, flags concern over rollout of 5G services

DGCA's concern comes after the US Federal Aviation Administration (FAA) raised concerns over the last year since telecom operators in the US started rolling out 5G services

Mkts swing after Fed hike; Sensex, Nifty50 shed 1% each in intraday trade

The Nifty50 index fell 89 points, or 0.5 per cent, to close at 17,630. The India Vix index rose 2.6 per cent to finish at 18.82

Nifty Pharma index sees biggest jump in four months, shows data

The Nifty Pharma index finished at 12,750, up 3.1 per cent - most since May 20 and third biggest single-day gain of the year

Rupee closes at 79.8 versus dollar amid rise in crude oil, hawkish Fed view

Rupee logs first weekly gain in four, outperforms all EM currencies

Global central bankers follow US Fed Chair to give hawkish message

The heads of the Bank of England, Swiss National Bank, Bank of Japan, Bank of Korea and several European Central Bank policy makers spoke on Saturday at the Kansas City Fed's annual retreat

Gold falls for sixth day today, hits over 3-week low on dollar rally

Gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion

Dollar hits 5-week high on hawkish Fed before Jackson Hole' symposium

Economists in a Reuters poll lean toward a 50 basis-point increase with recession risks on the rise

Gold hits over 3-week low on strong dollar, Fed rate-hike worries

Gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion

Feds oppose unsealing affidavit for Donald Trump's Mar-a-Lago warrant

The US Justice Department on Monday rebuffed efforts to make public the affidavit supporting the search warrant for former President Donald Trump's estate in Florida

US Fed meeting, and will the markets see a sell-off again?

Global financial markets are waiting with bated breath for the outcome of the two-day US Federal Reserve meeting this week. Let's find out what leading analysts expect from the US central bank

NSE colo case: ED arrests former Mumbai top cop Sanjay Pandey

He was taken into custody following several hours of questioning by the federal agency on Monday and Tuesday in the matter

Gold prices drop as May policy minutes confirm Fed's tightening path

(Reuters) - Gold prices fell for a second straight session on Thursday, pressured after the minutes of U.S. Federal Reserve's last policy meeting showed officials in support of further interest rate increases in June and July.