These investors have net sold bonds worth 41.1 billion Indian rupees over Friday and Monday, CCIL data showed
The Fed is widely expected to raise its benchmark rate by 75 basis points (bps) on Wednesday, its fourth such increase in a row
Currency's depreciation not a reflection of the economy, says HDFC Ltd chairman
Oil importers' dollar purchases, breach of technical levels drag rupee lower
The Sensex ended above 60,000 and the Nifty above 18,000 for the first time since September 14
A rally in the US markets amid hope of a softer central bank (US Fed) action going ahead, analysts believe, has the potential to fuel a rally in other global equity markets, including India
World stock markets were mixed on Monday ahead of what is expected to be a Federal Reserve decision this week to raise interest rates again amid investor hopes the US central bank will scale back plans for more increases. Germany's DAX gained 0.2 per cent to 13,269.55 and Britain's FTSE 100 was flat at 7,049.25. In Paris, the CAC 40 lost 0.2 per cent to 6,262.91. The future for the S and P 500 shed 0.6 per cent while that for the Dow industrials was 0.5 per cent lower. Wall Street ended last week higher after Apple and other big companies reported strong profits and a closely watched measure of inflation accelerated in September. The Fed is widely expected at this week's meeting to announce another rate hike of 0.75 percentage points, three times its usual margin. Investors are looking for signs officials are satisfied that earlier increases imposed to cool inflation that is near a four-decade high are working and future increases can be smaller. Investors worry rate hikes by the
The pound and the euro each declined about 0.1% against the dollar, which has recouped some of last week's losses, after having slid on hopes of a potential Fed change of tack.
The dollar moved broadly higher in early Asia trade, and was up more than 0.2% against the New Zealand dollar and the pound
Attempting to minimise the costs of their Faustian bargain, emerging-economy policymakers have pinned their hopes on international coordination of monetary policy
However, on a YTD basis, the S&P BSE Sensex declined 7%. The Dow fell 9.6%; the Euro Stoxx 50 down 26%
The ongoing quarterly earnings season, the Reserve Bank's special meeting of its rate-setting committee and the US Fed interest rate decision are the major events that would dictate trends in the equity market this week, analysts said. Besides, auto sales numbers and macroeconomic data to be announced during the week would also influence trading in the equity market. Purchasing Managers' Index (PMI) data for the manufacturing sector would be announced on Tuesday, while the services sector numbers are scheduled to come on Thursday. "FOMC (Federal Open Market Committee) meeting, RBI MPC meeting, auto sales numbers and Q2 earnings will drive the market this week. The market will have an eye on the unscheduled RBI MPC meeting. We are heading toward the last batch of Q2 earnings, which will lead to stock-specific movement. October auto sales numbers will be important because they will tell us about festival demand," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. T
Indian markets stayed in green on the first week of Samvat 2079. This week, interest rate decisions by the US Fed and the Bank of England, along with global macro numbers will affect market trends
MPC may decide RBI's response to govt on the matter; Unlike earlier off-cycle meetings in which interest rate action was taken outside schedule without prior notice, this one was announced in advance
Gold could see some correction due to an upside move in the dollar heading into the Fed meeting, expected to deliver a 75 basis point increase
At 3:30 pm IST on Thursday, the US dollar index was at 110.09 as against 112.02 at the same time on Tuesday
Gross domestic product increased at a 2.6 per cent annualised rate last quarter, the Commerce Department
Spot gold was little changed at $1,663.30 per ounce, as of 0811 GMT, while U.S. gold futures fell 0.2% to $1,666.20
The euro climbed back above parity against the dollar for the first time in a month on Wednesday after poor U.S. economic data reinforced speculation that the Federal Reserve will slow rate hikes
Gold prices were flat on a firmer dollar, although the bullion was anchored in a narrow range with investors awaiting further guidance on US Federal Reserve's policy tightening