By Swati Bhat MUMBAI (Reuters) -India’s benchmark 10-year bond yield rose to its highest levels since March 2019 on Monday as investors prepared for the central bank to raise interest rates again later this week. The Reserve Bank of India had raised its main lending rate by 40 basis points, off record lows, in a …
India 10-year bond yield hits more than 3-year high, RBI policy eyed Read More »
By Swati Bhat MUMBAI (Reuters) – Measures to tighten liquidity are expected to accompany a rise in Indian interest rates on Wednesday, adding upward pressure to bond yields and increasing the need for central bank measures to support government borrowing. The rise in interest rates is not in doubt, because the governor of the Reserve …
Liquidity withdrawal expected as India cenbank hikes rates on Wednesday Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s surprise ban on wheat exports has prompted rice traders to increase purchases and place unusual orders for longer-dated deliveries, fearing the world’s top rice exporter may restrict those shipments as well, four exporters told Reuters. In the last two weeks, traders have signed contracts to export 1 million …
By Laura Sanicola (Reuters) – Oil settled higher on Friday, supported by expectations that OPEC’s decision to increase production targets by slightly more than planned will not add that much to global supply which should tighten as China eases COVID restrictions. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, on Thursday …
Oil settles up despite OPEC+ output hike plan; supply still tight Read More »
By Seher Dareen (Reuters) – Gold prices fell on Friday, pressured by a stronger dollar and as better-than-expected U.S. jobs data raised concerns of aggressive monetary policy tightening. Spot gold fell 1% to $1,848.67 per ounce by 1759 GMT, after earlier falling to $1,846.4. U.S. gold futures settled down 1.1% at $1,850.2. Data showed U.S. …
Gold slips 1% as solid jobs data spurs rate hike bets Read More »
By Mayank Bhardwaj NEW DELHI (Reuters) – India has no plans to curb food exports for now, Piyush Goyal, the Minister for Commerce and Industry, Consumer Affairs and Food and Public Distribution said on Friday, weeks after New Delhi banned private wheat exports. “As of now we do not see the need to do it …
India says no plans for now to curb food exports Read More »
By Chris Thomas BENGALURU (Reuters) -A bout of late selling in automakers and banks knocked India’s blue-chip stock indexes off four-week highs and into negative territory on Friday, although strength in information technology shares and Reliance Industries helped limit the decline. The NSE Nifty 50 index closed 0.26% lower at 16,584.3, while the S&P BSE …
Automakers, banks knock Indian shares off four-week highs Read More »
By Rajendra Jadhav and Sumit Khanna MUMBAI/ AHMEDABAD, India (Reuters) – Cotton planting in India, the world’s biggest producer of the fibre, could jump as much as 15% in 2022 to an all-time high, as strong prices prompt farmers to switch away from other crops, an industry association said. Higher output could help cool the …
Cotton price rally could lift Indian planting to record high Read More »
BENGALURU (Reuters) – India’s dominant services sector expanded at the fastest pace in 11 years in May on strong demand, although inflationary pressures touched new highs, restricting optimism and weighing on consumers’ pocketbooks, a private survey showed. The S&P Global India Services Purchasing Managers’ Index rose to 58.9 in May from 57.9 in April, its …
India May services growth at 11-year high, input inflation at record Read More »
By Seher Dareen (Reuters) – Gold prices rose over 1% on Thursday supported by a dip in the dollar and data showing U.S. private payrolls rose less than expected last month. Spot gold rose 1.2% to $1,868.41 per ounce by 1:46 p.m. ET (1746 GMT), having earlier risen to a one-week high. U.S. gold futures …
Gold rises over 1% buoyed by dollar slide, weak ADP employment data Read More »
