The euro slid 0.29% to $1.0857, just off from a nine-month high of $1.09295 it touched on Monday
US Fed will hold its meeting on January 31 and February 1 and announce the policy on February 2
Nifty50 down 1.3%; Bank Nifty slips 2.5%; FPIs withdraw Rs 2,394 cr
Spot gold rose 0.3% to $1,936.62 per ounce by 1137 GMT. U.S. gold futures gained 0.5% to $1,938.00
With the Union Budget for 2023-24 just days away, there are chances that there could be volatility in the BSE benchmark, due to expectations of US Federal Reserve hiking rates
Mild recession, low inflationary pressures in the US and a stronger rupee would act as headwinds
Liquidity conditions will also not return to surplus as seen in the pandemic years, which will maintain fundamental pressure on domestic interest rates
Hope of reduced Fed rate hikes, lack of RBI dollar buys drive rupee gains
Data on Thursday showed that US consumer prices fell for the first time in more than 2-1/2 years in December
The overall CPI fell 0.1% from the prior month, with cheaper energy costs fueling the first decline in 2 1/2 years. The measure was up 6.5% from a year earlier
Gold prices rose on Thursday to near an eight-month peak, helped by a weaker dollar, as investors braced for a U.S. inflation report expected to provide clues to the Federal Reserve's rate-hike path
The Federal Reserve has only a limited role to play in combating climate change, Chair Jerome Powell said Tuesday, a stance that puts him at odds with environmental activists who have pushed central banks worldwide to take steps to restrict lending to energy companies. Without explicit congressional legislation, it would be inappropriate for us to use our monetary policy or supervisory tools to promote a greener economy or to achieve other climate-based goals, Powell said in prepared remarks to be delivered during a panel discussion in Stockholm hosted by Sweden's central bank. We are not, and will not be, a 'climate policymaker.' " In his written remarks, Powell stuck to the topic of central bank independence, the subject of the panel, and did not comment on the Fed's interest rate policies. Climate activists have pushed central banks, including the Fed, to use their supervisory powers over commercial banks to push for greater consideration of environmental risks in lending. Natu
US stocks ended higher as investors heaved a sigh of relief after Powell refrained in a speech from commenting on rate policy but said the Fed's independence was essential for it to battle inflation
FPIs sell shares worth Rs 2,109 crore
A weaker dollar can boost demand for oil, as dollar-denominated commodities become cheaper for holders of other currencies
Powell is scheduled to speak at a central bank conference in Stockholm at 1400 GMT, ahead of key US inflation data on Thursday
The warnings of longer-term trouble come as investors are growing somewhat more hopeful of the Federal Reserve's ability to rein in sky-high inflation without causing a recession
Wall Street sparked a global rally in stocks on Friday after a crucial US jobs report showed wage growth slowed in December, fueling investor bets that inflation is easing
US data showed private employers hired more workers than expected in December, suggesting strength in the labour market that could allow the Fed to boost interest rates
The dollar was last up 0.65% against the euro at $1.0536, and up 0.91% against the Japanese yen at 133.81