Gold prices on the MCX hovered at Rs 72,363 per 10 grams on Thursday, hitting an intraday low of Rs 72,281. In the international market, prices maintained a similar trend, hovering around $2,353.18 per ounce. This indicates a certain level of stability in the gold market. Meanwhile, silver hovered at Rs 84,598 per kg and … Read more
The Dow Jones Industrial Average ended higher on Wednesday, stretching its winning streak to six straight sessions and closing above 39,000 points for the first time in five weeks, as investors kept betting on supportive U.S. monetary policy. The other Wall Street benchmarks cooled a touch as momentum stalled and U.S. Treasury yields rose on … Read more
Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy by the Reserve Bank, said an analysis. According to a working paper prepared by RBI officials, the regulatory and development measures which are announced along with the monetary policy too … Read more
KOLKATA: Central bankers may have to junk their historical economic models to handle crises in the future after they were found deficient during the pandemic, with the global economy undergoing a paradigm shift spawned by rapidly altering labour dynamics and advancements in artificial intelligence, said the governor of the Reserve Bank of India (RBI). Emerging … Read more
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 said, adding that when interest rates are the principal tool of monetary policy, liquidity is used to achieve a certain rate. “As (RBI) governor has … Read more
The week ending December 1 was marked by speeches of two important Federal Reserve officials – Waller, the Federal Reserve Governor and Powell, the Federal Reserve’s Chair. Financial markets construed the much awaited Powell‘s speech Friday as decisively dovish as he did not seem to push hard against the markets’ expectations of hefty rate cuts … Read more
The pent-up demand fuelled by pandemic time savings is beginning to peter out for goods, but may last for some more time for services, say economists. Overall consumer demand is also expected to come under pressure from tighter monetary conditions and lesser pull from rural India. However, high-end consumption is expected to provide some support. … Read more
As the global economic landscape continues to evolve, investors are keeping a keen eye on the prospects of various assets. Gold, often regarded as a safe-haven investment, has been a topic of interest, and its future appears increasingly promising. The main reason behind this optimistic outlook is the anticipated monetary policy easing expected to take … Read more
In the recently concluded meeting of the Monetary Policy Committee, chaired by Reserve Bank of India Governor Shaktikanta Das, the panel unanimously decided to keep the repo rate- the key lending rate- unchanged at 6.5 per cent for the fourth time in a row, also leaving its policy stance unchanged with focus on withdrawal of … Read more
Mumbai: The Reserve Bank is likely to maintain the status quo on the benchmark interest rate at its bi-monthly monetary policy review to be announced on Friday in view of elevated inflation and global factors, say experts. The Reserve Bank started increasing the policy rate in May 2022 in tranches in the wake of the … Read more