MUMBAI (Reuters) – Deutsche Bank estimates that India’s consumer price index (CPI) firmed to 6.9% year-on-year in August, while core inflation likely stood at 6%. The Asian nation will report the data next Monday. While Brent crude oil prices have recorded a steep decline in recent weeks, the favourable impact will be less reflected in …
India inflation rate likely rose to 6.9% in August – Deutsche Bank Read More »
By Swati Bhat and Ira Dugal MUMBAI (Reuters) -The Indian central bank aims to anchor expectations around the depreciating rupee and will intervene to prevent an overshoot, ensuring the exchange rate reflects fundamentals, Reserve Bank of India Governor Shaktikanta Das said on Monday. The partially convertible rupee has so far depreciated more than 7% against …
India central bank governor says aims to prevent rupee depreciation expectations Read More »
(Reuters) -Singaporean utilities firm Sembcorp Industries has agreed to sell its Sembcorp Energy India Limited unit to Tanweer Infrastructure Pte for 117.34 billion rupees ($1.47 billion), it said on Monday. The deal is part of Sembcorp Industries’ strategy to shift to green energy generation, the company said in a filing to the Singapore Stock Exchange. …
Singapore’s Sembcorp Industries to sell India energy unit for $1.5 billion Read More »
By Brijesh Patel (Reuters) – Gold prices held above the key $1,700 per ounce level on Monday, as hopes that the Federal Reserve might slow the pace of rate increases after mixed U.S. jobs data helped offset pressure from a robust dollar. Spot gold was up about 0.1% at $1,712.89 per ounce by 1302 GMT. …
Gold firms above $1,700/oz on hopes of less aggressive Fed Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares closed higher on Monday on gains in metals and banking stocks after logging their second straight weekly loss in the previous session, while investors eyed an OPEC+ meeting later in the day for the direction of oil prices. The NSE Nifty 50 index was up 0.72% at 17,665.80 …
Indian shares end higher on boost from metals, banks Read More »
By Anushka Trivedi (Reuters) – The Indian rupee was little changed on Monday against a surging dollar, with traders pointing to likely intervention by the Reserve Bank of India to keep the local currency in check. The partially convertible rupee was down 0.07% at 79.8475 by mid-morning, trading in a narrow 4 paisa range. “One …
(Reuters) – STOCKS: The benchmark BSE Sensex rose 469.3 points, or 0.8%, to 59,272.63, while the broader NSE index gained 130.5 points, or 0.74%, to 17,669.95 as metal stocks rallied. Aluminium producer Hindalco Industries and JSW Steel were the top gainers on the Nifty 50 index. [.BO] RUPEE: The rupee weakened 0.1% to 78.8825 against …
By Aftab Ahmed and Swati Bhat NEW DELHI (Reuters) – India will stick to its annual market borrowing plan when the government announces its October-March fiscal calendar by the end of this month, three officials told Reuters, despite taking a series of budget measures to control inflation. By the end of September, the government will …
India to stick to 2022/23 borrowing plan in Sept review – sources Read More »
(Reuters) – Pandemic-related disruption to global supply chains and the knock-on effects of Russia’s war in Ukraine have combined to drive up prices of energy, commodities and basic necessities. Below is a list of some of the actions taken by governments aimed at offering relief to hard-hit consumers and companies: AMERICAS: * The United States …
Factbox-Government measures to ease inflation pain Read More »
By Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysia’s palm oil inventories at end-August likely swelled above 2 million tonnes for the first time in more than two years, lifted by a jump in production, a Reuters survey showed on Monday. Stockpiles jumped 14.5% from the month before to 2.03 million tonnes, the highest since …
Malaysia end-Aug palm oil stocks hit 2 million T for first time in 2 years Read More »
