By Ankur Banerjee SINGAPORE (Reuters) – In a year when Indian equities emerged as the best performers in Asia and the country took advantage of a structural shift in supply chains from a pandemic-hit China, forecasts of robust economic growth are set to keep stocks on a firm footing. India’s Nifty 50 index struck a …
Indian stocks top Asian markets, strong economic growth fuels hope Read More »
By Rajendra Jadhav and Chris Thomas MUMBAI/BENGALURU (Reuters) -India’s market regulator extended the suspension of trading in derivative contracts of key farm commodities by a year as the world’s biggest importer of vegetable oils, and a major producer of wheat and rice, tries to tame food inflation. The Securities and Exchange Board of India (SEBI) …
India extends halt on futures trade in key farm commodities by a year Read More »
PARIS (Reuters) – Airbus plans to deepen its industrial presence in India, Chief Executive Guillaume Faury said on Wednesday after meeting the country’s prime minister. “We will continue to support civil aviation growth and deepen our industrial footprint in India,” Faury said on Twitter alongside a photograph of his meeting with India’s Prime Minister Narendra …
Airbus pledges deeper industrial ties with India Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The yen fell in a choppy session on Wednesday, ceding some of the ground gained the previous day when a surprise policy tweak by the Bank of Japan lifted the Japanese currency by 4% against the dollar. The BOJ decided to change its “yield curve control” policy on …
Yen retreats after BOJ policy tweak sparked surge Read More »
By Seher Dareen (Reuters) – Gold prices were unchanged on Wednesday, holding above the key $1,800 level, as expectations of slower U.S. rate hikes lent support, but a rise in the dollar capped any further gains in the non-yielding bullion. Spot gold was steady at $1,817.95 per ounce by 2:11 p.m. ET (1911 GMT) after …
Gold steadies as firmer U.S. dollar caps advance Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Foreign portfolio investors bought Indian shares worth 90.17 billion Indian rupees ($1.09 billion) in the first half of December, despite the country’s benchmark indexes coming off record high levels on hawkish commentary from global central banks, data showed. GRAPHIC : Fortnightly FPI flows in 2022 – https://www.reuters.com/graphics/DEC15-NSDL/NSDL-DEC15/dwpkddlxmvm/chart.png The Nifty …
Foreign investors buy Indian equities in December first half even as stocks slip Read More »
By Swati Bhat MUMBAI (Reuters) – India’s central bank cannot afford to prematurely pause its rate tightening cycle with inflation staying above its upper tolerance band and core inflation remaining sharply elevated, a majority of the members of the monetary policy committee said. “A premature pause in monetary policy action would be a costly policy …
India cenbank cannot prematurely pause rate tightening cycle – MPC minutes Read More »
NEW DELHI (Reuters) – Russia’s state-owned nuclear energy company Rosatom earlier this year sent a “more advanced” fuel option for a nuclear power plant in southern India, an Indian government minister told parliament on Wednesday. The fuel is for the Kudankulam nuclear power plant in Tamil Nadu state. “The first lot of TVS-2M fuel assemblies …
Russia’s Rosatom sends ‘more advanced’ fuel option for India nuclear plant Read More »
BENGALURU (Reuters) – Indian shares reversed course on Wednesday, ahead of the release of the Reserve Bank of India’s latest policy meet minutes and key macroeconomic data from the U.S., while fears of a recession linger. The Nifty 50 index was down 0.2% at 18,348, as of 10:50 a.m. IST, and the S&P BSE Sensex …
Indian shares reverse early gains; FMCG stocks drag Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was trading marginally higher against the dollar on Wednesday, helped by the relative calm across Asia following the Bank of Japan (BOJ)-induced volatility. The rupee was at 82.72 to the dollar by 11:08 a.m. IST, compared to 82.7550 in the previous session. The local currency has …
Rupee inches higher, breach of 82.55-82.60 signals trend reversal Read More »
