A parade of Federal Reserve officials in recent days has sought to emphasize this message - though a slump isn't their forecast
Record high trade deficit, technical factors add to woes
On August 4, the Bank of England is expected to raise rates by 50 bps to 1.75 per cent. A Business Standard poll of 10 economists expects the RBI to raise rates by 35-50 bps
With Federal Reserve officials signaling a pause is out of the question until they see evidence of inflation easing, RBI watchers will be closely monitoring Governor Shaktikanta Das's remarks
India to account for about 15% of worldwide market for the 3.5 GHz-based 5G radio and network: Global telecom gear makers
As a result, the yield 10-year US government bond is down 14 per cent in the last seven weeks while the S&P 500 up 11.3 per cent in the period
LONDON (Reuters) - The U.S. dollar edged lower on Wednesday but held on to most of the previous day's gains, after leaping on Federal Reserve officials' hints at aggressive rate hikes and drawing support amid a U.S.-China flare-up over Taiwan.
Central banks overseeing five of the 10 most heavily traded currencies delivered 325 basis points of rate hikes between them last month.
Asia-Pacific bond yields followed US Treasury yields higher on Wednesday and the dollar continued its climb after Federal Reserve officials signalled they are nowhere near done raising interest rate
The US dollar remained elevated on Wednesday following its biggest surge in three weeks against major peers overnight
The US dollar index, a measure of the currency against six major rival pairs, was at 105.67 around 6.15 pm IST on Tuesday. It had climbed to a 20-year high of 108.54 in late July
Persistent foreign fund inflows into capital markets, softening crude oil prices and a weak US dollar in the global markets boosted the local currency.
Spot gold was flat around $1,771.29 per ounce by 0843 GMT, after hitting its highest since July 5 at $1,780.39 earlier in the session.
After frontline indices rallied 9 per cent each in the last one month, analysts believe that the strong foreign inflows after nine months of relentless selling brought upswing to the markets.
Parliament likely to discuss the matter today; MPC to consider matter at 3-day meet that begins on Wednesday
The dollar hung near a three-week low to major peers on Monday as markets continued to wager that the Federal Reserve has less tightening to do with the US economy at risk of recession
At over 8.5%, equity markets clocked their highest monthly gain since August 2021. As investors remain cautious ahead of the RBI's monetary policy, find out how the markets are placed for the week
What led to such record outflows? "Rising global central banks' rates, rupee depreciation, expensive valuations and geopolitical risks," says BofA in a note.
Dollar index falls as a contraction in US GDP eases Fed hike fears
As the cryptocurrency market cap crossed $1.1 trillion mark on Friday and Bitcoin rose above $24,000, experts said that 'we are not there yet'