Bond yields in Asia climbed after Federal Reserve Chair Jerome Powell signaled patience before cutting interest rates further and as investors look ahead to the upcoming CPI data. Treasuries fell across the curve on Tuesday, with money markets still fully pricing in one rate cut by the Fed this year. Australia’s 10-year yield rose six … Read more
During the recent monetary policy review meeting held between February 5 and 7, 2025, the Reserve Bank of India (RBI) made the decision to reduce the policy repo rate from 6.50% to 6.25%. This marks a change after maintaining the rate unchanged for eleven consecutive meetings, which is about five years. The new Governor, Sanjay … Read more
A popular investment choice among non-resident Indians (NRIs) is fixed deposits (FDs). This investment option is user-friendly, offers guaranteed returns, and adheres to transparent regulations. During its December Monetary Policy Committee (MPC) meeting, the Reserve Bank of India raised the interest rate cap on Foreign Currency Non-Resident Account FCNR (B) deposits to overnight Alternative Reference … Read more
Consumer prices rose more quickly in December, the latest sign that the Federal Reserve’s fight against inflation may have stalled. The Consumer Price Index rose 0.4 percent from November, and was up 2.9 percent from a year earlier, the Labor Department said on Wednesday. That represented a modest acceleration from November on both a monthly … Read more
“So, the bond vigilantes, as I like to call them, are disagreeing with the Fed and basically arguing that the Fed might be stimulating an economy that does not need stimulating. And you know what? It looks like they are right because Fed officials have started to indicate that they may be going on pause … Read more
“So, the US data, there is one other piece of data, the CPI data that is coming out in the coming week that could be impactful. But barring any big surprises there, I think we are on track for a 25 basis point cut,” says Arvind Sanger, Geosphere Capital Management. Wanted to get in your … Read more
Mumbai: The central bank’s rate-setting panel on Friday kept policy rates unchanged for its 11th straight review meeting, but slashed the cash reserve requirement, which could ease borrowing costs and opens a window to begin the easing cycle in its next meeting. It temporarily lifted the cap on interest rates on US dollar deposits, amid … Read more
Silver exchange-traded funds (ETFs) have demonstrated significant growth, surpassing gold ETFs in the past year. According to the latest report by ICRA Analytics, silver ETFs have generated returns of 32.49% over the previous year, outperforming gold ETFs which only yielded 28.07%. Historically overshadowed by gold, silver has outperformed the yellow metal with a 30% return … Read more
Gold prices experienced a slight decline on November 15, signaling its worst week in over three years. Spot gold was trading at $2,562.61 per ounce, down 0.1%, marking a decrease of more than 4% for the week. Furthermore, US gold futures also saw a decrease of 0.2%, standing at $2,567.10. In India, the price of … Read more
New loan rates: Private lender HDFC Bank has implemented revisions to its Marginal Cost of Funds-Based Lending Rates (MCLR) for select short-term tenures effective from November 3, 2024. The revision includes an increase of up to 5 basis points (bps) and applies specifically to the overnight, one-month, and three-year tenures. Post-revision, the overnight MCLR has … Read more