In the previous session, the Sensex ended at 78,141.06, registering a decline of 58 points or 0.07 per cent, while the Nifty50 closed at 23,688.95, down 19 points or 0.08 per cent
The minutes, to be released at 2 p.m. EST (1900 GMT) on Wednesday, may help clarify how policymakers will approach further rate reductions
Barr's early exit now clears the way for Trump, who will be sworn in on Jan. 20, to appoint an entirely fresh slate of banking regulators and begin work on a more industry-friendly agenda
Mr Trump's antagonism towards Mr Powell is baffling, given that Mr Powell has been doing an excellent job
The dollar index rose 0.7 per cent on Thursday, hitting 109.54, helped by the US jobless claims data
The US is set to be the top performer among Group of Seven countries, according to International Monetary Fund projections
After aggressively cutting rates in September and November this year, the Fed persisted with cuts in December but hinted at fewer reductions in 2025
Market participants said that the price difference is largely driven by heavy supply, timing mismatches in fund flows, and rising global interest rates
This week, the rupee crossed the critical 85-per-dollar mark after the US Federal Reserve signaled a cautious stance on interest rate cuts.
India, US bond yield spread narrowest in nearly 20-yr; Sensex slips below 80K after 4 days of equity selloff
The sell-off shaved off investor wealth by Rs 2.8 trillion on Thursday, extending the four-day loss to almost Rs 10 trillion
FOMC projections, dollar surge, and policy uncertainties pressure emerging markets
Dow Jones: The Dow Jones Industrial Average slid 1,123.03 points, or 2.58 per cent, to 42,326.87 on Wednesday - declining for a 10th day and clocking its longest losing streak since 1974
The central bank delivered its 3rd consecutive rate cut but signaled a slowdown in future reductions, leaving investors wary. The Fed trimmed its benchmark interest rate by a widely anticipated 25 bps
Analysts believe the largely expected adjustment is a bid by the Fed to nudge cash out of a facility that's widely viewed as a proxy for excessive liquidity in the financial system
The benchmark 10-year bond yield ended at 6.7465 per cent, compared with the previous close of 6.7588 per cent
Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards. The Fed is set to announce a quarter-point cut to its benchmark rate, from about 4.6% to roughly 4.3%. The latest move would follow a larger-than-usual half-point rate cut in September and a quarter-point reduction in November. Wednesday's meeting, though, could mark a shift to a new phase in the Fed's policies: Instead of a rate cut at each meeting, the Fed is more likely to cut at every other meeting at most. The central bank's policymakers may signal that they expect to reduce their key rate just two or three times in 2025, rather than the four rate cuts they had envisioned three months ago. So far, the Fed has explained its moves by describing them as a recalibration of the ultra-high rates that were ...
The rupee dropped 1 paisa to 84.92 against the US dollar in early trade on Wednesday and hovered around its all-time low level, as traders await more cues from the US FED on the interest rate front. Forex traders said dollar demand from importers and foreign banks and a muted trend in domestic equities further dented investor sentiments. At the interbank foreign exchange, the rupee opened at 84.92 against the greenback, registering a fall of 1 paisa over its previous close. On Tuesday, the rupee revisited its all-time low closing level of 84.91 against the US dollar. The rupee remains under pressure from both global and local factors. On the global front, the ripple effects of the Federal Reserve's anticipated slowdown in rate cuts for 2025 have been felt in India, as evidenced by a correction of over 1 per cent in Indian equities, CR Forex Advisors' MD-Amit Pabari said. Equity benchmark indices Sensex and Nifty slumped over 1 per cent on Tuesday, weighed down by an across-the-boa
Early indicators point to a weaker start, as GIFT Nifty futures were trading 51 points lower at 24,687 around 6:31 AM
Expectations earlier this year that the US central bank would cut interest rates aggressively after hiking them to fight inflation have moderated in recent months