The domestic currency has depreciated over 10% against the greenback so far this year
The biggest decline in two months; FPIs sell shares worth Rs 711 cr
CLOSING BELL: The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388
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Asian markets were also off to a tepid start, with the MSCI Asia ex Japan sliding 1.02%
Only two of 19 Fed officials saw the benchmark overnight interest rate staying below 5% next year
Markets feel that US central bank's aggressive rate hike cycle may be nearing an end
The consumer price index reading supports forecasts for the Federal Reserve to reduce the pace of monetary tightening
Financial markets and professional forecasters seem braced for the latter
Investors remained on the sidelines ahead of industrial production and retail inflation data scheduled to be announced after market hours, traders said
Revival in FPI flows, sharp recovery from year's lows in June helped calm investor nerves
The domestic unit settled at 82.54 to the dollar on Monday, from 82.28 at previous close. So far in 2022, the Indian currency has shed 9.9% against the greenback
More than 50 central banks have gone for 75-bp increases, with over 275 rate hikes this year
Indian currency underperforms EM peers; analysts cite shrinking forward premia, widening CAD
The ADTV for the futures and options segment (both NSE and BSE combined) stood at Rs 147.5 trillion - a gain of 2 per cent MoM
Hiring remains strong despite technology companies, including Twitter, Amazon, and Meta announcing thousands of jobs cuts
Our financial system needs more time for the broad-based transmission of the past concentrated increases in the repo rate (190 basis points in just four months)
Fall in US dollar index seen providing revaluation boost to RBI reserves
Gold prices have risen about 2.3% this week in what would be their second straight weekly gain
Shares retreated in Asia on Friday after a mixed day on Wall Street as optimism over signs the Federal Reserve may temper its aggressive interest rate hikes was replaced by worries the economy might be headed for a recession. A US measure of inflation that's closely watched by the Federal Reserve eased in October, raising questions over the central bank's determination to keep raising interest rates to tame price increases. And activity in American manufacturing contracted in November for the first time since May 2020, according to the Institute for Supply Management. The report also showed that prices are falling. Slower growth due to tighter monetary policies has slowed new orders and order backlogs, which saw manufacturing conditions contracting for the first time since June 2020," Jun Rong Yeap of IG said in a report. That may suggest that with inflation risks behind us now, bad news' in economic data may not be good news' for markets as recession fears could be brewing," he ..