BENGALURU (Reuters) -Indian shares closed in the red on Wednesday, weighed down by banks, as investors turned cautious after a massive rally in the previous session while keeping an eye on Russia-Ukraine tensions. The NSE Nifty 50 index fell 0.17% to 17,322, while the S&P BSE Sensex ended 0.25% lower at 57,996.68. Both the indexes …
Indian shares end lower as banks drag; Russia-Ukraine in focus Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s gasoil and gasoline sales rebounded in the first fortnight of February from the previous month, indicating a recovery in industrial and consumer demand as states lifted most of the COVID-19 induced restrictions. States in India have opened schools and colleges, and eased night-curfews among other curbs, after …
India’s Feb first-half gasoil, gasoline sales pick up as COVID curbs ease Read More »
By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -Stocks on Wall Street and in Europe rebounded on Tuesday while oil prices fell, after Russia indicated it was withdrawing some troops from exercises near Ukraine and President Vladimir Putin said he saw room for further discussion with the West. Gold and bond prices also slid …
Stocks rebound, oil slips as Russia-Ukraine tensions ease Read More »
By Brijesh Patel (Reuters) – Precious metals fell on Tuesday with gold slipping from a multi-month high and palladium shedding more than 5% as news that some Russian troops near Ukraine were returning to their bases dented demand for safe-haven assets. Spot gold was down 0.8% at $1,855.06 per ounce by 01:57 p.m. ET (1857 …
Gold, palladium retreat on signs of easing tensions over Ukraine Read More »
BENGALURU (Reuters) -Indian shares closed sharply higher on Tuesday, recouping losses from the previous session with broad-based buying, following a report that some Russian troops were returning to their bases in areas near Ukraine. The NSE Nifty 50 index ended up 3.03% at 17,352.45, while the S&P BSE Sensex jumped 3.1% to 58,142.05. Both the …
Indian shares close sharply higher on Russia-West de-escalation hopes Read More »
NEW DELHI (Reuters) – India’s merchandise trade deficit in January touched $17.42 billion, revised data released by the government showed on Tuesday. India’s merchandise exports rose $34.50 billion from $27.54 billion a year earlier, while imports rose $51.93 billion in January from $42.03 billion last year. (Reporting by Manoj Kumar and Aftab Ahmed; Editing by …
India’s Jan trade deficit at $17.42 billion – trade ministry Read More »
By Swati Bhat and Nupur Anand MUMBAI (Reuters) -Cryptocurrencies are akin to Ponzi schemes or worse and banning them is the most sensible option for India to avoid the threat they pose to financial and macroeconomic stability, a deputy governor at the Reserve Bank of India (RBI) said on Monday. Monday’s comments from T. Rabi …
Cryptocurrencies akin to Ponzi schemes, says RBI deputy Read More »
By Brijesh Patel (Reuters) – Gold rallied to a three-month peak on Monday as fears around the Russia-Ukraine conflict boosted bullion’s safe-haven appeal and sparked fears of supply disruption in the palladium market. Spot gold was 0.4% higher at $1,866.90 per ounce by 01:44 p.m. ET (1844 GMT), after hitting its highest level since Nov. …
Gold hits 3-mth high, palladium firms on Russia-Ukraine tensions Read More »
BENGALURU (Reuters) – India’s retail inflation has gone over the upper limit of the Reserve Bank of India’s tolerance band, accelerating to a seven-month high of 6.01% in January from a year earlier, though the central bank governor said there was no need to panic. Consumer prices, buoyed by rising costs of food, fuel and …
India’s Jan retail inflation overshoots RBI’s target limit of 6% Read More »
By Manoj Kumar and Aftab Ahmed NEW DELHI (Reuters) -India’s retail inflation has gone over the upper limit of the Reserve Bank of India’s (RBI) tolerance band, accelerating to a seven-month high just above 6% in January, though economists don’t expect this to lead to a rate hike in the near future. Warning the markets …
India’s retail inflation tops 6% but no rate rise seen for now Read More »
