By Vivek Mishra BENGALURU (Reuters) – India’s manufacturing industry ended 2022 on a solid footing as business conditions improved at the fastest rate in over two years while growth in new orders and output accelerated, a business survey showed on Monday. The manufacturing purchasing managers’ index, compiled by S&P Global, rose to 57.8 in December …
By Manoj Kumar NEW DELHI (Reuters) – India’s unemployment rate rose to 8.30% in December, the highest in 16 months, from 8.00% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Sunday. The urban unemployment rate rose to 10.09% in December from 8.96% in the previous month, while the …
India’s jobless rate rises to 16-month high of 8.30% in Dec – CMIE Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Foreign investors’ selloff in Indian equities was the biggest on record in 2022, dragging the benchmark indexes to their smallest annual gain in four years, but analysts expect purchases by cross-border investors to rebound next year. Foreign portfolio investors (FPIs) sold 1,219.08 billion rupees ($14.73 billion) worth of Indian …
Indian markets may see FPI revival after worst-ever selloff in 2022- analysts Read More »
By Sinéad Carew and Carolyn Cohn NEW YORK, LONDON (Reuters) – Wall Street equity indexes finished lower on Friday on 2022’s last trading day, while Treasury yields rose along with oil futures as investors braced for the new year with worries about a potential recession and the U.S. Federal Reserve rate hiking path. In currencies, …
Stocks end 2022 with a thud; Treasury yields, oil prices rise Read More »
By Seher Dareen (Reuters) – Gold prices edged up on Friday as the non-yielding metal is on track to close its best quarter since June 2020 on expectations of slower interest rate hikes by the U.S. Federal Reserve after being beaten down from record highs earlier this year. Bullion is only down about 0.5% in …
Gold set for big quarterly rise after rate-driven setback Read More »
By Hannah Lang WASHINGTON (Reuters) – The dollar was on track to post its best year since 2015 on Friday in the last trading day of a year dominated by Federal Reserve rate hikes and fears of a sharp slowdown in global growth. As 2022 draws to a close, the dollar was set to notch …
U.S. dollar down, still set for best year since 2015 Read More »
NEW DELHI (Reuters) – India’s New Delhi Television Ltd said on Friday its founders Prannoy Roy and Radhika Roy had resigned as directors after billionaire Gautam Adani’s conglomerate took majority control of the media company. Along with the Roys, four other independent directors also resigned, effective Dec. 30, NDTV said in a statement. Adani Enterprises …
NDTV founders resign from board after India’s Adani takes control Read More »
(Corrects headline and first paragraph on quantum of rupee’s fall. Deletes graphic) By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee ended 2022 as one of the worst-performing Asian currencies with a fall of 10.14%, its biggest annual decline since 2013, as the dollar rocketed on the U.S. Federal Reserve’s aggressive monetary policy stance to …
Indian rupee ends down more than 10% in 2022, worst since 2013 Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee ended the final week of a turbulent year in the green on Friday, as the dollar index declined, while hopes that the country’s current account deficit had likely peaked for the time being provided some support. The rupee closed up 0.09% at 82.72 per dollar, continuing …
Rupee ends final week of 2022 higher as market mood improves Read More »
MUMBAI (Reuters) – India’s foreign exchange reserves fell to $562.81 billion in the week through Dec. 23, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. For the week ended Dec. 16, the country’s reserves were at $563.50 billion. Overall, they have declined from $632.7 billion at the beginning of this year. The …
