By Anushree Mukherjee and Sherin Elizabeth Varghese (Reuters) – Gold hit a record high above $3,600 an ounce on Tuesday, spurred by expectations of U.S. rate cuts, concerns about Federal Reserve independence and robust demand from investors and central banks. Having hit a record high at $3,673.95 a troy ounce, spot gold was trading around …
Gold rallies to new record on U.S. rate cut hopes, Fed tension Read More »
By Pranoy Krishna BENGALURU (Reuters) – The fading impact of high base effects likely pushed India’s consumer inflation higher in August, ending a nine-month streak of declines, according to a Reuters poll of economists. Base effects, which kept headline inflation at multi-year lows in recent months, probably faded in August and coincided with an acceleration …
India consumer inflation likely rose in August as base effects fade: Reuters poll Read More »
(Reuters) – The National Stock Exchange of India on Tuesday named Srinivas Injeti as its chairperson, a move that brings the country’s top bourse closer to a public listing. NSE, the world’s largest derivatives exchange, has been trying to go public since 2016 but has failed to secure regulatory approval due to pending legal cases …
India’s NSE names Srinivas Injeti as its chairperson Read More »
By Ashwin Manikandan MUMBAI (Reuters) – The rupee advanced on Tuesday, supported by weaker U.S. jobs data that firmed up expectations of a Federal Reserve rate cut, before losing traction around the 88 per dollar level. The rupee has been among the worst performing Asian currencies this year, pressured by the punitive U.S. tariffs on …
Tariff worries stall rupee rally after US jobs data boost Read More »
By Vivek Kumar M (Reuters) – India’s benchmark Nifty 50 closed higher for a fifth consecutive session on Tuesday, with gains led by information technology stocks on Infosys’ share buyback plan and U.S. interest rate cut prospects. The Nifty 50 and the BSE Sensex gained 0.39% each to 24,868.6 and 81,101.32 points, respectively. Nine of …
Nifty clocks fifth session of gains led by IT on Infosys buyback, US rate cut hopes Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) – An Indian court ordered the markets regulator on Tuesday to explain within three weeks why it cannot share further documents with U.S. algo trading firm Jane Street, which was temporarily banned from markets in July on allegations that it had manipulated indexes. The order from India’s Securities Appellate …
Indian court tells markets regulator to respond to Jane Street’s appeal, delaying orders Read More »
By Philip Blenkinsop and Manoj Kumar BRUSSELS/NEW DELHI (Reuters) – India and the European Union are holding potentially decisive trade negotiations in New Delhi this week, seeking to resolve differences over agriculture, dairy and non-tariff barriers to meet an ambitious end of year deadline for a deal, Indian government and EU sources said. New Delhi …
India, EU push to close gaps in trade talks as year-end deadline looms Read More »
By Vivek Kumar M and Jayshree P Upadhyay Mumbai (Reuters) -India’s market regulator is speeding up clearances of initial public offerings (IPOs), boosting an already strong pipeline of share sales that could hit a record this year, according to regulatory and investment banking sources. The Securities and Exchange Board of India (SEBI) will try to …
India’s SEBI expedites IPO approvals, sources say, as record fundraising eyed Read More »
(Corrects paragraph 10 to say 10-year bond yield closed at 6.4651% on Friday not 6.5678%, declining 13 basis points not 10 bps on the week) By Jaspreet Kalra and Dharamraj Dhutia MUMBAI (Reuters) – Growing certainty of a U.S. Federal Reserve rate cut later this month could likely help ease Indian government bond yields and …
Indian rupee faces choppy path, bond yields likely to decline; inflation data key Read More »
By Sherin Elizabeth Varghese (Reuters) – Gold surged past the $3,600 an ounce level for the first time on Monday, hitting a record high, as soft U.S. labor data reinforced expectations the U.S. Federal Reserve will cut interest rates next week. Spot gold rose 1.3% to $3,634.25 per ounce, as of 2:26 p.m. EDT (1826 …
Gold rallies to record high above $3,600/oz as Fed rate cut bets firm Read More »
