By Nimesh Vora MUMBAI (Reuters) – The Indian rupee declined against the dollar on Friday, in tandem with most of its Asian peers, on growing concerns over the Federal Reserve’s hawkish outlook on monetary policy. The rupee was at 82.8525 per U.S. dollar at 10:28 a.m. IST, compared with 82.7625 in the previous session. The …
Concerns over hawkish Fed weigh on rupee; premiums inch up Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks tanked and the dollar eked out a small gain on Thursday as solid economic data fueled worries that the Federal Reserve’s monetary policy will hover at restrictive levels for longer than many market participants may have hoped. The S&P 500 and the Dow lost 1.5% and …
Wall Street ends sharply lower, dollar gains on hawkish policy fears Read More »
MUMBAI (Reuters) – An Indian parliamentary panel on Thursday recommended the government enact a digital competition act to regulate anti-competitive business practices by Big Tech companies on its platforms. Prime Minister Narendra Modi’s government has had strained relations with many large technology companies, and New Delhi has been tightening the regulation of firms such as …
India panel recommends digital competition act to rein in Big Tech Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar rose against most major peers on Thursday after U.S. data pointed to labor market strength that could keep the Federal Reserve hawkish for longer. The number of Americans filing new claims for unemployment benefits increased less than expected last week, pointing to a still-tight …
By Seher Dareen (Reuters) – Gold prices dropped on Thursday after U.S. economic data showed the country’s economy rebounded faster than previously estimated, boosting the dollar and potentially setting the Federal Reserve on a keener path to fight inflation. Spot gold dipped 1.5% to $1,786.19 per ounce by 1:42 p.m. ET (1842 GMT), while U.S. …
Gold drops over 1% after U.S. data lifts prolonged Fed hike hopes Read More »
By Bhakti Tambe and Dharamraj Dhutia MUMBAI (Reuters) – Indian government bond yields ended higher on Thursday, with benchmark bond yield at a one-month high, as traders assessed the impact of the Reserve Bank of India’s (RBI) commentary on inflation. The benchmark 10-year yield ended at 7.3164%, the highest since Nov. 21 and after ending …
Benchmark yield at 1-mth high as RBI worry over inflation hurts sentiment Read More »
BENGALURU (Reuters) – Indian shares extended fall for a third straight session on Thursday, with broad-based declines, after the Reserve Bank of India’s latest monetary policy minutes revealed strong concerns about inflation, while fears of a COVID resurgence weighed on sentiment. The Nifty 50 index closed 0.39% lower at 18,127.35, and the S&P BSE Sensex …
Indian shares extend losses on COVID, inflation worries Read More »
By Sarita Chaganti Singh and Shivangi Acharya NEW DELHI (Reuters) -India has revised the gas procurement policy for fertiliser companies, allowing them to buy about a fifth of their monthly needs through the domestic spot market to help the government cut its subsidy bill, two government officials said. The federal government provides financial support for …
India revises gas procurement rules for fertiliser firms to cut costs – sources Read More »
By Nandan Mandayam BENGALURU (Reuters) -Sula Vineyards Ltd fell more than 5% on its trading debut in a dull market on Thursday, valuing the winemaker at 28.51 billion rupees ($344.56 million), after a weaker-than-expected response to its initial public offering last week. The stock listed at 361 rupees on the National Stock Exchange, at a …
India’s largest winemaker Sula Vineyards drops 5% in market debut Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee rose against the U.S. currency on Thursday on the back of the dollar’s decline against its major peers and Asian currencies. The rupee was at 82.72 per U.S. dollar by 10:35 IST, up from 82.81 in the previous session. The local unit had opened at 82.80. …
Broad dollar weakness lifts rupee, premiums rise Read More »
