Washington, April 16 (IANS) As a fresh energy shock from the Persian Gulf conflict risks deepening vulnerabilities across major economies, the global imbalances are widening again, top officials from the IMF and policymakers warned.Speaking at a high-level panel on Wednesday (local time), IMF Managing Director Kristalina Georgieva said “imbalances have been coming and going in waves” and are now “on the rise again,” with major surplus economies including China, Germany and Japan facing o…
Latest Interest Rates News & Updates
Mumbai, April 10 (IANS) The Reserve Bank of India announced on Friday that it is carrying out a Variable Rate Reverse Repo (VRRR) auction worth Rs 2 lakh crore with a 7-day tenor to absorb excess, durable liquidity from the banking system. The date of reversal is April 17.The VRRR is used to absorb excess liquidity when the system has a surplus, which helps maintain interest rates within the RBI’s prescribed corridor.This move follows the RBI’s revised liquidity management framework, which prior…
Mumbai, March 20 (IANS) Gold and silver on Friday witnessed a substantial rise in prices, with both precious metals gaining 3 per cent amid hopes of easing tensions in West Asia.On the Multi Commodity Exchange (MCX), gold futures (April 2) touched an intra-day high of Rs 1,48,302 per 10 grams at around 10:45 am, up 2.30 per cent or Rs 3,348. During the session so far, gold hit a low of Rs 1,47,401. At the last count, the yellow metal was trading at Rs 1,47,534, up Rs 2,580 or 1.78 per cent.Simil…
New Delhi, Feb 27 (IANS) Gold and silver prices posted strong gains on Friday, amid rise in the US-Iran tensions and marginal decline in US dollar.MCX gold April futures gained 0.43 per cent to Rs 1,60,399 per 10 grams around 12.30 am on an intra-day basis. Meanwhile, MCX silver March futures gained 3.05 per cent to Rs 2,67,600 per kg.The US-Iran nuclear negotiations were extended without any clear progress, keeping geopolitical tensions elevated. The buildup of US troops led to both countries e…
Canberra, Feb 19 (IANS) Australia’s unemployment rate remained steady at 4.1 per cent in January, according to official data released on Thursday. The latest monthly labour force data from the Australian Bureau of Statistics (ABS) showed that the number of Australians employed on a full-time basis increased by 50,500 between December and January, which was partially offset by a fall in part-time employment of 32,700 people, Xinhua News Agency reported.The official unemployment rate remained at 4…
Washington, Feb 11 (IANS) President Donald Trump on told Fox Business that the US economy is “going great” as he touted record stock-market levels and said he wants Congress to pass a voting package he called the “Save America Act” ahead of the midterm elections.In an interview with Larry Kudlow on Fox Business’ “Kudlow”, Trump pointed to market milestones. “When you say 50,000, and by the way, uh, S&P 7,000—,” he said, adding, “we’re at the end of the first year.”Tru…
Seoul, Jan 29 (IANS) Uncertainty over the path of the United States’ monetary policy is expected to persist, though markets have remained broadly stable following the Federal Reserve’s latest interest rate decision, a senior official of the South Korean central bank said on Thursday.On Wednesday (US time), the Fed kept its benchmark interest rate unchanged at the 3.5-3.75 percent range following three successive cuts since September, a decision that will continue to put the gap between the key r…
Washington, Jan 13 (IANS) The White House defended President Donald Trump’s repeated criticism of Federal Reserve Chairman Jerome Powell, while stressing that the Department of Justice will determine whether any legal issues exist.Press Secretary Caroline Leavitt said the President has been clear in his assessment of Powell’s performance. “One thing for sure, the President’s made it quite clear, is Jerome Powell is bad at his job,” Leavitt said.She said Trump is entitled to express that …
New Delhi, Jan 7 (IANS) India’s equity markets could provide robust returns in near future due to impressive valuations, trailing performance, macro stability and the growth cycle, a report said on Wednesday.The report from MS Research predicted a 13 per cent upside for BSE Sensex to touch 95,000 by December 2026 citing a 50 per cent probability.The firm assumed continued fiscal consolidation, higher private investment and a positive gap between real growth and real rates to provide this base …
New Delhi, Jan 2 (IANS) India’s equity markets are expected to remain resilient in 2026 amid global uncertainty, supported by strong domestic fundamentals, policy support and sector‑specific tailwinds, a new report has said.The report from BP wealth and STOXBOX forecasted that the domestic economy should continue to shine in the global context as “various India‑specific triggers are aligned in the right direction”.Among sectors, automobiles are expected to outperform with mid‑single‑…