By Nimesh Vora MUMBAI (Reuters) – The Indian rupee declined slightly against the U.S. currency on Wednesday amid cash dollar outflows of a large corporate, traders said, while premiums on the local currency declined. The rupee last traded at 81.8450 per U.S. dollar, compared with Tuesday’s close of 81.6650. The local unit was in a …
Rupee weakens on corporate dollar demand; premiums fall Read More »
By Munsif Vengattil, Arpan Chaturvedi and Aditya Kalra VIZHINJAM, India (Reuters) – On the main road to billionaire Gautam Adani’s planned Vizhinjam mega port on the southern tip of India, a shelter built by the coastal region’s Christian fishing community blocks the entrance, preventing further construction. The simple 1,200 square-feet structure with a corrugated-iron roof …
Indian tycoon Adani’s mega port hangs in the balance as a fishing community protests Read More »
By Seher Dareen (Reuters) – Gold prices on Tuesday steadied above last session’s low as a retreat in the dollar and benchmark U.S. Treasury yields was offset by a rise in equities, while investors awaited cues on the U.S. Federal Reserve’s monetary policy path. Spot gold were unchanged at $1,737.19 per ounce by 2:04 p.m. …
Gold steadies off recent lows on dollar, yields pullback Read More »
By Chibuike Oguh NEW YORK (Reuters) -Global equities rose on Tuesday while U.S. Treasury yields fell as investors awaited release of the Federal Reserve’s meeting minutes for clues on U.S. interest rates and as China’s COVID restrictions weighed on sentiment. The Fed will release minutes of its November policy meeting on Wednesday, offering a glimpse …
World shares rise, U.S. Treasury yields fall as markets await Fed minutes Read More »
By Shivangi Acharya NEW DELHI (Reuters) -India may increase rural spending by nearly 50% to 2 trillion rupees ($24.51 billion) next fiscal year, a source familiar with the matter told Reuters, as the country seeks to boost jobs and affordable housing before the national elections. Finance Minister Nirmala Sitharaman is likely to present the 2023/24 …
Exclusive-India may boost rural spending next year to spur jobs, housing – source Read More »
BENGALURU (Reuters) -India’s stock benchmarks snapped a three-day losing streak on Tuesday, helped by a rise in information technology and metal companies, tracking a recovery in global investor sentiment. Although, worries over COVID-19-induced curbs in China and the looming minutes from the U.S. Federal Reserve’s last policy meeting, due to be released on Wednesday, capped …
Indian shares snap 3-day slide as IT, metals rise; Fed minutes eyed Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was trading higher against the U.S. currency on Tuesday, helped by the slight downtick on the dollar index. The rupee was at 81.7550 per U.S. dollar by 0450 GMT, compared with 81.84 in the previous session. The dollar index declined 0.2% to 107.56, pushing most Asian …
Rupee rises on dollar’s slip, 50-day moving avg eyed Read More »
By Chibuike Oguh NEW YORK (Reuters) -Global stocks and oil prices slipped on Monday as a spike in COVID-19 cases and newly recorded deaths in China prompted authorities in the world’s second-largest economy to reinstate lockdowns, triggering worries over the economy. Beijing’s most populous district urged residents to stay at home on Monday as the …
Global stocks, oil prices slip as rising COVID cases prompt Chinese lockdowns Read More »
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – The culinary tourism business of Brian Bergey and his wife Ruixi Hu has persevered in China through three years of harsh COVID-19 restrictions. But just as excitement is mounting in global financial markets that the world’s second-largest economy may finally come out of isolation next year, …
Analysis-China’s great reopening may come too late for many businesses Read More »
By Seher Dareen (Reuters) – Gold prices slipped to their lowest in over a week on Monday, falling over 1% as the dollar extended gains, while the market’s attention turned to the U.S. Federal Reserve’s November meeting minutes due this holiday-shortened week. Spot gold fell 0.7% to $1,738.40 per ounce by 1:36 p.m. ET (1836 …
Gold dips 1% as dollar bounces higher; Fed policy minutes awaited Read More »
