New Delhi, May 6 (IANS) India has earned an endorsement from one of the world’s top credit rating agencies, with Moody’s Ratings placing the nation among the most resilient large emerging market economies over the past five years, which is a recognition that comes at a time when global financial markets remain on edge over trade tensions and geopolitical uncertainty.In a recently released report, Moody’s said India ‘better placed’ than most of its emerging market peers to absorb future global sh…
Latest US Federal Reserve News & Updates
New Delhi, May 4 (IANS) India has outperformed China in attracting strong global capital flows even as global equity markets rebounded in April after a decline in March, according to a report.According to an analysis of Quant Mutual Fund, the recovery in global markets was driven by easing geopolitical tensions and improved investor sentiment. The report noted that India’s nominal GDP growth continues to outpace China’s, positioning it as a preferred destination for global investors.It added t…
Mumbai, April 30 (IANS) Domestic currency weakened past the 95-per-dollar mark to hit a record low on Thursday, pressured by a sharp rise in global crude oil prices amid escalating tensions between the US and Iran.The currency touched an all-time low of 95.07 in early trade, and slipped to an intraday low of 95.126 against the US dollar, before weakening further to around 95.20 during the session.The decline also follows hawkish signals from US Federal Reserve policymakers, which have supported …
Washington, Aprril 30 (IANS) Surging oil prices driven by the Middle East conflict are clouding the US Federal Reserve’s economic outlook, with policymakers warning of rising inflation and uneven global impact, particularly on energy-dependent regions such as Asia. Federal Reserve Chair Jerome Powell said higher energy costs are already feeding into inflation, complicating the central bank’s policy path. “Inflation has moved up and is elevated, in part reflecting the recent increase in glo…
Washington, April 30 (IANS) US Federal Reserve Chair Jerome Powell has warned that the central bank’s independence is “at risk” amid what he called unprecedented legal challenges, raising concerns about its ability to set policy free from political pressure. “These legal actions by the administration are unprecedented in our 113-year history,” Powell said on Wednesday (local time). He added that such moves are “battering the institution” and could undermine its role in guiding the …
Washington, April 30 (IANS) The US Federal Reserve has kept interest rates unchanged as rising global energy prices linked to the Middle East conflict pushed inflation higher, while policymakers flagged growing uncertainty around the economic outlook. Federal Reserve Chair Jerome Powell on Wednesday (local time) said the central bank remains focused on its dual mandate of maximum employment and stable prices, even as inflation has “moved up and is elevated.”“The US economy has been expandi…
Mumbai, April 29 (IANS) Gold and silver traded on a firm note on Wednesday ahead of the US Federal Reserve’s interest rate decision, with both precious metals trading in a narrow range.On the Multi Commodity Exchange (MCX), gold contracts for June 5 opened at Rs 1,50,720 per 10 grams, up Rs 693 or 0.46 per cent from the previous close of Rs 1,50,027. However, the yellow metal pared gains and was trading marginally lower by Rs 56 or 0.04 per cent to Rs 1,49,971 at 11:30 am. So far in the sessio…
New Delhi, April 26 (IANS) A mix of global and domestic triggers, including the upcoming US Federal Reserve policy decision, ongoing earnings season, geopolitical tensions and crude oil price movements, are expected to guide the Indian stock market in the coming week after benchmark indices ended lower.Indian equity benchmarks, the Sensex and Nifty, closed in the red after two straight weeks of gains, weighed down by rising geopolitical tensions and cautious commentary from major IT firms.After …
New Delhi, April 18 (IANS) As India gears up to celebrate Akshaya Tritiya on Sunday — an auspicious occasion for buying gold — macroeconomic trends are reinforcing the metal’s investment appeal alongside tradition, with analysts seeing prices rise up to Rs 1.85 lakh, according to a new report.An analysis by Axis Direct said gold is well-positioned in the current global environment and could gain whether the economy weakens into stagflation or improves amid falling interest rates.“Whether t…
New Delhi, April 11 (IANS) Gold prices rose 1.65 per cent during the week extending gains for their consecutive week, amid safe haven buying and weakened US dollar over easing inflation fears and the start of the US-Iran ceasefire negotiations.On Friday, MCX gold June futures added 0.02 per cent while MCX silver May futures inched up 0.01 per cent. Currently gold futures stand at Rs 1,52,690, while silver futures at Rs 2,43,300 per kg.The price of 10 grams of 24-carat gold was at Rs 1,50,327 on …