What should you expect fromyour portfolio when inflation peaks out? Trying to predict when inflation will peak is a lot like trekking. In both cases, the peak is only visible when we zoom out & look from a distance. While in the middle of the climb, we frequently believe we have achieved the peak, only … Read more
It seems for the fourth straight month, the greenback will end with a huge gain, all thanks to the US Federal Reserve Bank. In fact, except for May, in the entire 2022, the greenback has stayed buoyant. Nothing has changed in case of a trend. The US dollar skyrocketed to a new 24-year high against … Read more
India and Sri Lanka held the first round of talks here last week on restructuring the bilateral official debt of the island nation facing economic crisis, according to an official statement on Tuesday. The discussions symbolise India’s support to early conclusion and approval of a suitable IMF Programme for Sri Lanka, for which financing assurances … Read more
The US dollar index is a measure of the US dollar relative to a basket of foreign currencies. It was established by the US Federal Reserve in 1973 with a base of 100 after the Bretton Woods Agreement collapsed. The six currencies which are included in the US dollar index are America’s major trading partners. … Read more
Asian shares fell and the dollar steadied on Wednesday as investors waited for a key U.S. report on inflation to provide hints to the Federal Reserve‘s plans for future monetary tightening. The Consumer Price Index (CPI) report will be released later today, with markets watching for signs that inflation eased in July despite last week’s … Read more
New Delhi: Riding high on the back of buying by FIIs, healthy monsoon and better than expected earnings season, Sensex has rallied over 2,800 points in just four days to scale 58,000. Analysts believe that if the US dollar index continues to slide against major currencies, the bounce back in Indian equities may last longer. … Read more
NEW DELHI: With the Indian rupee crossing the 80 level against the US dollar, experts say the changing dynamics in the forex market can be a tailwind for stock investors in a turbulent market if their portfolios are positioned accordingly. While the strategy is simple – increase weightage on exporters and trim holdings in importers … Read more
New Delhi, Jul 14 (PTI) IT platform for mental health therapy Wysa has raised USD 20 million (about Rs 160 crore) in a funding round led by HealthQuad, the company said on Thursday. Wysa plans to use the capital to expand into the US, the UK, India and other global markets across enterprises, payors, providers … Read more
India’s forex reserves fell by 2.68 billion to around $593.2 billion for the week ended May 13 with a sizable contraction of gold reserves aiding the fall, show latest data from the Reserve Bank of India. While the foreign currency assets fell by 1.3 billion, During the week, the gold reserves dropped by 1.17 billion … Read more
The collective sigh of relief in markets after Federal Reserve Chair Jerome Powell pushed back against super-sized hike speculation may be short lived. The worry is that absent tough action, markets face a toxic combination of persistently high inflation and slower growth. While the Fed hiked rates by 50 basis points, the most since 2000, … Read more