By Sethuraman N R BENGALURU (Reuters) – Indian shares ended lower for seventh straight session on Thursday, dragged by tech stocks, ahead of the central bank’s policy outcome on Friday amid lingering fears of a global recession. The NSE Nifty 50 index fell 0.24% to 16,818.10, while the S&P BSE Sensex dropped 0.33% to 56,409.96. …
Indian shares end lower for seventh session; await RBI policy Read More »
By Eileen Soreng (Reuters) – Gold prices slipped 1% on Thursday, relinquishing some gains from the previous session, as the dollar resumed its rally fuelled by bets for more U.S. interest rate hikes. Spot gold fell 1.1% to $1,641.10 per ounce, as of 0732 GMT, after rising about 2% in its biggest daily gain since …
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee strengthened on Thursday, as the Bank of England’s decision to buy long-dated bonds prompted a retreat in U.S. yields and the dollar, though investors remained cautious amid the relief rally. The rupee was up 0.3% to 81.6950 by 0451 GMT, having firmed up to 81.5875. The …
Rupee finds relief as U.S. yields, dollar take a breather Read More »
By Nidhi Verma NEW DELHI (Reuters) -Indian companies are still buying Russian oil using dollars after Dubai’s Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams as requested by the supplier, according to three sources familiar with the matter. Russia has been hit by sanctions from the United States and …
Indian refiners pay dollars for Russian oil after dirham attempts fail Read More »
By Nupur Anand MUMBAI (Reuters) -India’s central bank is unlikely to extend a Friday deadline for businesses to set up an additional layer of security for consumers’ credit card data even after some concerns remain over payments failing and revenue losses, say bankers and merchants. Despite a demand by smaller merchants to delay the compliance …
India’s massive card security deadline unlikely to be extended Read More »
By David Gaffen NEW YORK (Reuters) – Oil prices rose on Wednesday for a second day, rebounding from recent losses as the U.S. dollar eased off recent gains and U.S. fuel inventory figures showed larger-than-expected drawdowns and a rebound in consumer demand. Brent crude futures settled up $3.05, or 3.5%, at $89.32 per barrel. U.S. …
Oil prices jump after U.S. crude, fuel stocks drop, dollar weakens Read More »
By Aditi Shah NEW DELHI (Reuters) -Tata Motors launched India’s lowest priced electric car at a little over $10,000 on Wednesday as the country’s only electric vehicle (EV) maker looks to draw in more buyers. Tata leads India’s EV market, helped by government subsidies and high tariffs on imports. Its move comes as domestic rival …
Tata Motors launches $10,000 electric car in India to further its lead Read More »
By Sethuraman N R BENGALURU (Reuters) – Indian shares ended around two-month lows on Wednesday, with banks, energy and metal companies posting losses, as fears of a global recession dented risk sentiment. The NSE Nifty 50 index fell 0.9% to 16,858.60, while the S&P BSE Sensex closed down 0.9% to 56,598.28. Both the indexes have …
Indian shares end near two-month lows on fears of global recession Read More »
By Dharamraj Lalit Dhutia MUMBAI (Reuters) – India’s central bank is unlikely to undertake any bond purchases or reduce the cash reserve ratio and may instead prefer to stick to term repo auctions to add funds to the country’s banking system, analysts said. India’s banking system liquidity slipped into deficit for the second time in …
India’s RBI may opt for term repos over permanent liquidity infusion- analysts Read More »
By Swati Bhat MUMBAI (Reuters) – Interest rate hikes in the United States and the resultant pressure on the rupee is likely to give the Reserve Bank of India (RBI) reason to deliver a 50-basis-point rate hike on Friday even as it tries to protect a recovery in growth. The RBI’s monetary policy committee (MPC) …
Hawkish Fed may prompt India’s RBI to deliver a 50-basis-point hike Read More »
