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The rupee appreciated 2 paise to 83.25 against the US dollar in morning trade on Thursday, amid a drop in crude oil price and softness in the American currency. The local unit opened at 83.26 a dollar compared to its […]
India is recording relatively rapid growth in the midst of global economic turmoil. This is not to deny that the country faces its own set of challenges. One big challenge is that post-pandemic consumption growth has not been broad-based. While […]
The National Coal Index (NCI) rose 3.83 points to 143.91 in September amid growing demand for coal. The Union Coal ministry on Tuesday said this is the first increase in the index since April 2023. “This incline was influenced by […]
Investors are worried that Western governments are issuing more bonds than investors can buy. Whether the system that transacts in those bonds can bear the load could be a much more urgent issue. Last week, the U.S. Treasury Department said […]
In the face of ongoing wars and a grim geopolitical backdrop, the global economy has remained a beacon of hope. Just a year ago, concerns loomed over an impending recession due to high interest rates. However, the optimists have been […]
The steady weakening of the Indian rupee that has eroded dollar returns is a key trigger for foreign portfolio investors (FPIs) selling in India’s cash market in the past two years, market experts and economists said. A stronger dollar and […]
Chetan Ahya, Managing Director and Chief Economist at Morgan Stanley, shares insights on India’s economic outlook, potential risks, and monetary policy. Q1: What is your outlook for India’s third-quarter growth, and what are the potential risks? We anticipate a 6 […]
On November 3, gold prices saw an increase as the US dollar and Treasury yields weakened following disappointing US jobs data, reinforcing expectations that the Federal Reserve is unlikely to raise interest rates further. Spot gold rose by 0.4% to […]
In a recent decision, the Federal Reserve opted to keep interest rates stable as officials grappled with the dilemma of whether the current financial conditions are tight enough to curb inflation or if the robust economy requires further restraint. Fed […]
In the realm of international crude prices, the adage “It never rains, but pours!” holds true. With a staggering 29% surge in the third quarter of 2023, the dated Brent price looms around $90/barrel, threatening to breach the $100/barrel mark […]