Sensex, Nifty jump 1.4%, log new highs
Experts say RBI won't allow Rs to appreciate out of sync with Asian currencies
Keeping the short-term reactions aside, the impact of any taper really depends on the circumstances under which the US Fed starts tapering, he said.
Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion
Spot gold was down 0.2% at $1,813.76 per ounce, as of 0727 GMT. Earlier in the session, bullion scaled to its highest since Aug. 4 at $1,822.92.
On the contrary, flows into India may surge if the Covid situation remains in control, say experts
India must address risks to financial stability
Powell said US economy continued to make progress towards the central bank's benchmarks for reducing its pandemic-era emergency programs, but stopped short of signaling the timing for any policy shift
Closes Friday at 73.6950 to the dollar against its previous close of 74.2225, up 0.73 per cent, the highest since June 17
In a speech to the annual Jackson Hole economic conference, Powell indicated the Fed will remain cautious in any eventual decision to raise interest rates
The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve
World stocks generally edged higher Friday as investors awaited more guidance on the U.S. Federal Reserve's easing plans. In early trading, Germany's DAX rose almost 0.1per cent to 15,797.05 and the FTSE 100 in Britain added 0.1per cent to 7,128.59. France's CAC 40 slipped less than 0.1per cent to 6,664.55, however. Wall Street was positioned for gains. Futures for the benchmark S&P 500 rose 0.3per cent to 4,480.25. That of the Dow also gained 0.3per cent to 35,261.00. The moves in the U.S. and Europe followed an uninspired trading day in Asia. Markets are awaiting comments from Fed Chair Jerome Powell, who is to speak at the central bank's annual symposium in Jackson Hole, Wyoming, later Friday. Any indications of when the bank will start scaling back on asset purchases will be closely watched. So will any signs of concern about the coronavirus delta variant, which could signal a cautiousness toward tapering, analysts said. Several Fed officials have suggested that the easing ...
Spot gold fell 0.3% to $1,784.82 per ounce by 0705 GMT, while U.S. gold futures fell 0.3% to $1,785.00.
Investors are mostly waiting for the Federal Reserve's Jackson Hole symposium on Friday and what central bank chair Jerome Powell might say about U.S. tapering monetary stimulus
The STOXX index of 600 European companies, nudged 0.15% higher to 472.51 points, less than four points from its record high from earlier this month
Rising commodity prices, he believes, cannot sustainably derail the bullish market momentum
Stocks in Asia, Europe and Wall Street futures all made gains, setting them on a recovery course after Chinese regulatory worries triggered a sell-off last week.
Riskier currencies, including the Aussie, Norwegian crown and the Canadian dollar were among the major beneficiaries of a weaker dollar in quiet London trading, rising more than 0.5% each
Michael Burry, whose huge, wildly profitable bets against the housing bubble were made famous in "The Big Short," is wagering that long-term US Treasuries will fall.
The Dow Jones Industrial Average ended up 0.65%, while the S&P 500 gained 0.81% and the Nasdaq Composite added 1.19%