Gold’s appeal as haven rises in a tumultuous week as US economic concerns weigh on Street
Spot gold closed with a loss of 0.23% at $2440 on Friday. However, the metal was up 2.30% on the week, a data and event packed week, as the US …
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US Unemployment Rate Increases For Fourth Straight Month
WASHINGTON (AP) — The U.S. economy suffered an unexpected setback in July, as hiring fell sharply and the unemployment rate rose for the fourth straight month as sustained higher interest …
Japanese Stocks: Japanese Stocks, Bonds Fall Ahead of BOJ Decision: Markets wrap
Japanese stocks dropped and government bond yields rose ahead of a potentially market-moving decision from the nation’s central bank, the highlight of an event-packed day in Asia. Equity benchmarks dropped …
European Central Bank lowers rates after Bank of Canada cut – National
The European Central Bank cut borrowing costs from record highs on Thursday, acknowledging progress in its battle against high inflation but also signaling that fight had yet to be won …
PSU bank stocks tumble up to 10% as early counting trends lower than exit poll predictions
PSU bank stocks fell sharply by up to 10% on Tuesday in intraday trade on the BSE, following early trends showing the BJP-led NDA coalition with an upper edge. However, …
RBI: RBI: Govt to buy back bonds worth Rs 40,000 crore; move to ease tight liquidity
Mumbai: In a move that will ease the prevailing tight liquidity conditions in the banking system, the Reserve Bank of India on Friday said the Centre plans to buy back …
Federal Reserve: Fed there done that: Banks see delay in rate cuts by RBI, too
Mumbai: A delay by the US Federal Reserve in reducing rates is likely to weigh on Mint Road’s decision on starting its own policy rate-easing cycle. After Morgan Stanley and …
RBI: RBI’s nimble and flexible in managing liquidity: Guv
Mumbai: The Reserve Bank of India (RBI) will inject or absorb funds in the banking system in a nimble manner, depending on deficit or surplus conditions, top central bank officials …
RBI: RBI steps up auctions to drain liquidity
Mumbai: Leading up to its next policy announcement, the Reserve Bank of India (RBI) has stepped up liquidity draining operations, signalling that while the central bank may tolerate overnight rates …
RBI: Effective rates now largely higher than repo rate
Mumbai: The Monetary Policy Committee has not officially raised interest rates for a year, but its novel stance of “focussing on withdrawal of accommodation” has led to much tighter financial …