By Dharamraj Dhutia MUMBAI (Reuters) – Indian government bond yields traded marginally lower on Monday, as investors continue to add positions, while the strengthening of local currency further aided risk sentiment. The Indian benchmark 10-year bond yield was at 7.4529%, as of 0445 GMT. The yield ended at 7.4691% on Friday and rose five basis …
Bond yields dip on value-buying; firmer rupee aids mood Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee rose against the U.S. currency on Monday, on the back of an upbeat risk tone in Asia and the dollar’s struggles. The rupee was trading at 82.14 by 0454 GMT, compared with 82.44 in the previous session. The local unit has traded in an about 82.11 …
Rupee begins week on positive note, U.S. inflation data next trigger Read More »
BENGALURU (Reuters) – Shares of State Bank of India (SBI) climbed nearly 5% to an all-time high on Monday after the country’s largest lender reported a record quarterly profit and said it expects credit growth to remain in double-digits. SBI’s shares rose as much as 4.8% to a record high of 622.70 rupees in early …
Indian lender SBI’s stock hits record high on “best-in-class” results Read More »
NEW DELHI (Reuters) – India’s ports-to-energy conglomerate Adani Group continues to seek strategic equity partners aligned with its long-term investment strategy, debt research firm CreditSights said in a report, flagging concern over the Group’s elevated leverage. The Group, led by Asia’s richest person Gautam Adani, is looking to expand its presence in power generation and …
India’s Adani Group continues to seek equity partners, says CreditSights Read More »
By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) – India on Saturday approved the 2022/23 export of 6 million tonnes of sugar, in line with market expectations for the year’s first tranche. India exported an all-time high of more than 11 million tonnes of sugar in 2021/22 and the industry was expecting New Delhi …
India allows mills to export 6 million tonnes of sugar in 2022/23 Read More »
MUMBAI (Reuters) -State Bank of India (SBI), the country’s largest lender, expects credit growth to remain in double-digits while it steps up efforts to attract more deposits, where it sees growth in line with the sector. The bank reported a 74% surge in quarterly net profit on Saturday, driven by higher loan growth and improving …
India’s SBI sees loan growth staying strong after record profit Read More »
By Chibuike Oguh NEW YORK (Reuters) -Global shares rose on Friday and the U.S. dollar fell, after jobs data came in stronger than expected but also hinted at some slack in the tight American labor market, raising hopes the Federal Reserve might ease up on monetary tightening. Data from the U.S. Bureau of Labor Statistics …
Global shares rise, U.S. dollar falls after strong jobs data Read More »
(Updates prices, currency futures positioning) By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar tumbled on Friday after the U.S. nonfarm payrolls report for October showed the world’s largest economy created more new jobs than expected, but also flashed signs of a slowdown with a higher unemployment rate and lower wage inflation. The greenback initially …
Dollar drops as U.S. nonfarm payrolls show mixed results Read More »
By Laura Sanicola (Reuters) -Oil prices settled up by more than 5% on Friday amid uncertainty around future interest rate hikes by the U.S. Federal Reserve, while a looming EU ban on Russian oil and the possibility of China easing some COVID restrictions supported markets. Though fears of global recession capped gains, Brent crude futures …
Oil settles up 5% as further interest rate hikes loom Read More »
By Seher Dareen (Reuters) – Gold prices surged 3% on Friday as the dollar fell after data showing an uptick in the U.S. unemployment rate in October raised optimism the Federal Reserve would be less aggressive on rate hikes going forward. U.S. employers hired more workers than expected in October, but a rise in the …
Gold soars as U.S. jobs data raises Fed slowdown hopes Read More »
