IGI Logo
Toggle Navigation
News
Budget 2024
Hindi
Hindi News
Top News
Screeners
Stocks
Stocks Screener
Stock
News
Stock Market Home Page
Stock News
Industry News
Economy News
Stock on the move
Expert Views
Research Reports
Company Result
Comp Info And Fundamentals
Company Profile
Equity
Financial Ratios
Results
Balance Sheet
Profit And Loss
Cash Flow
Share Holding
Derivatives (F&O)
Get Quotes
Market Watch
Top Gainers
Top Losers
Top Traded Quantity
Top Traded Value
Most Active Puts
Derivatives (F&O)
Most Active Calls
Put Call Ratio
Highest In Premium
Daily Settlement Price
FII and DII Statistics
Open Interest: Highest In OI
Open Interest: Lowest In OI
Derivatives (F&O)
Open Interest: Increase in OI Increase in Price
Open Interest: Decline in OI Decrease in Price
Derivative Watch
Derivatives Dashboard
Historical Data
List of Underlyings & Underlying Info
Derivative Watch
Derivatives Dashboard
Market Reports
Top Gainers
Top Losers
Monthly High/Low
52 Week High
52 Week Low
Market Cap Gainers
Market Cap Losers
PE Ratio
>More Market Reports
IPO
News
IPO News
IPO Issue Reports
Commodity
Commodity Market
Commodity Home Page
Commodity News
Commodity Reports
Market Details
Get Quotes
Top Gainers
Top Losers
Top Volume
Top Value
Top Gainers Spot Market
Top Losers Spot Market
High & Low
Commodity Indices
Technical Analysis
Advance Declines
High & Low
Highest In OI
Lowest OI
Increase In Open Interest(%)
Descrease In Open Interest(%)
Currency
News
Currency News
Economy News
Currency Reports
Mutual Fund
News
Mutual Fund Home Page
Mutual Fund News
Mutual Fund Details
Mutual Fund Home Page
Scheme Profile
Mutual fund Investment
Mutual Fund Share Holding
Mutual Fund Statistics
Mutual fund Gainers
Mutual fund Losers
Biggest Schemes
Best Performers
Latest Dividend Details
Tools
Multi Scheme Comparison Tool
Dividend Details
Performance Map
Mutual fund Investment
Mutual fund Share Holding
Mutual Fund Search Category Rankings
Widgets
Stock Widgets
Watchlist
Heatmap
Mutual Fund Widgets
Watchlist
Wealth
World
Tips
Intraday Tips
Market Outlook
Stock Tips
Commodity Tips
Currency Tips
Reports
Short Term Investment Opportunities
Long Term Investment Opportunities
Sector Analysis
Commodity Reports
Currency Reports
Mutual Fund Analysis
Podcast
Videos
Videos Category
Business Videos
Budget Videos
News And Politics
Entertainment Videos
Sports Videos
Lifestyle And Fashion Videos
Global News Videos
More
Astrology
Women
Politics
Entertainment
Car&Bike
Gadgets
Lifestyle
Sports
Health
Fashion
Diwali Reports
Diwali Expert Reports
News
Stock Market
Commodities
Budget News
Expert Views
Broking Firm Views
Company News
Industry News
Economy News
Stock On The Move
Market Outlook
Beyond Market Sports
IPO Reports
IPO More News
Commodities Reports
Currency News
Mutual Fund More News
World Market More News
Astrology
Mutual Fund Analysis
Currency Report
Mutual Fund Expert Views
Budget Expert Views
Broking Firm Views - Sector Report
Broking Firm Views - Short Term Report
Broking Firm Views - Long Term Report
Top Stories
Top News
IPO Top News
Commodity Top News
Currency Top News
Mutual Fund Top News
World Top News
Beyond Market India
Beyond Market Entertainment
Beyond Market Car
Beyond Market Gadgets
Beyond Market Life Style
Beyond Market Health
Beyond Market Fashion
Wealth
Expert View Institution
Startup Speak
Budget 2024 Sector Reports
Budget Industry
Budget Wishlist
Startup Expections
Budget Economic Servey
Podcast Market Ki Awaaz
Startup
Budget Bites
Search
Below the Quote on Perspective on CPI-June 2024 Data by Rajani Sinha, Chief Economist, CareEdge Ratings ”The CPI inflation rose sharply to 5.1% in June from 4.8% in May, higher than market expectations. The inflation in food basket inched up higher led by specific food categories, including vegetables, pulses and cereals. Prices of staple vegetables rose sharply and is attributed to both supply-side and demand-side factors. Last year's reduced output, the impact of...
Perspective on CPI-June 2024 Data by Rajani Sinha, Chief Economist, CareEdge Ratings
The food prices are projected to cool off in the coming months and the inflation trajectory to soften and stabilise between 4 and 4.5 per cent, industry experts have said. India’s consumer price inflation (CPI) edged up to 5.08 per cent in June this year compared to the same period last year. According to industry experts, although June rains were deficient, it is not a major concern because July and August rains are what matter for Kharif. “We expect the progress o...
Food prices set to cool off in coming months as monsoon progresses: Experts
Below the Quote on Reaction Quote on today`s CPI data By Raghvendra Nath, MD, Ladderup Wealth Management "India’s CPI inflation in June 2024 stood at 5.08% on the back of higher food prices, as against 4.75% in the previous month. Material moderation in food inflation is expected only from September on the back of fresh kharif crop arrivals. We expect the markets to remain unaffected as the markets have mostly factored in the rise in the food inflation and we believe t...
Reaction Quote on today`s CPI data Raghvendra Nath, MD, Ladderup Wealth Management
Below the Quote on Perspective on CPI & IIP Data by Mr. Nikhil Gupta, Chief Economist, MOFSL Group * Headline inflation was 5.1% YoY in Jun'24, higher than the market consensus (and our forecast) of 4.8% and 4.8% each in the past three months. Details, however, are also not really concerning: * Vegetables drove higher inflation. CPI-inflation ex veg (weight = 94%) dropped further to 3.2% last month (vs 3.5% in May) * ...
Perspective on CPI & IIP Data by Mr. Nikhil Gupta, Chief Economist, MOFSL Group
India’s consumer price inflation edged up to 5.08 per cent in June this year compared to the same month of the previous year as high prices of vegetables and pulses pushed up food inflation during the month, figures released by the Ministry of Statistics on Friday showed. Vegetable prices shot up by as much as 29.32 per cent during the month as the scorching heat wave in the northern states hit production, while the prices of pulses rose by 16.07 per cent during the month. The pri...
India`s CPI inflation edges up to 5.08 pc in June
Below the Quote on Weekly Market Outlook by Vinod Nair, Head of Research, Geojit Financial Services "The domestic market remained marginally positive this week, albeit with a temporary blip in momentum due to a lack of fresh triggers. Nonetheless, mid and small-cap sectors demonstrated outperformance, as sentiment has enhanced again for growth-based stocks. The outcome of the FOMC meeting was hawkish; market expectations have shifted from two rate cuts in CY2...
Weekly Market Outlook : Domestic CPI data suggests a gradual decline in inflation by Vinod Nair, Head of Research, Geojit Financial Services
Residential real estate prices have risen continuously since 2013 and in the last two years, they appreciated at a compound annual growth rate (CAGR) of 13 per cent while the consumer price inflation (CPI) inflation moderated by 1.3 per cent on an annual average basis to 5.4 per cent at the end of FY24, a report showed on Thursday. Around 8.25 lakh new homes were launched and 8.72 lakh units were sold during the last two financial years. This trend signifies a clear outperformance...
Housing prices see 13 pc growth in last two years as inflation eases in India
Inflation, the gradual increase in the general prices of goods and services, erodes the purchasing power of money over time. For investors seeking to preserve and grow their wealth amidst inflationary pressures, real estate has emerged as a popular hedge against this dreaded but inevitable dynamic, finds ANAROCK research. Price growth over the last three elections Shobhit Agarwal, MD & CEO – ANAROCK Capital, says, “After the 2019 elections, average re...
Housing Prices Soar with 13% CAGR as Inflation Moderates to 5.4%
Amid the energy crisis and economic stagnation, 2023 was a year of gradual progress in the uptake of global carbon pricing instruments (CPI). Multi-dimensional efforts are being undertaken worldwide to promote these instruments’ uptake and improve prices to meet the 2°C goal, especially in mid-income countries. The final bill for the rollout of the Indian carbon market is approved, and the finer details are awaited. We believe that companies enabling/transitioning to a lower carbon ...
ESG: Global carbon pricing trends 2023: Needs more ambition by Kotak Institutional Equities
Inflation remains steady in May Headline CPI inflation at 4.75% and core inflation at 3% were marginally lower than April levels. Inflation continues to pan out as we had expected—only a gradual moderation toward the RBI’s 4% target. We maintain our FY2025 average inflation estimate at around 4.4%. We continue to expect a shallow rate cut cycle, starting in December, with the stance changing to neutral either in October policy or along with rate action. Food inflation ...
Economy: Inflation remains steady in May by Kotak Institutional Equities
Below the Perspective on CPI & IIP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International "India’s CPI inflation in May 2024 eased to 12-month low of 4.75 per cent, though bit higher than the 4.31 per cent recorded in the year-ago month of May 2023. While India’s industrial production grew 5 per cent in April riding on robust growth of 6.7 percent in mining and 10.2 percent in electricity, over the corresponding month in the previou...
Perspective on CPI & IIP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
Below the Perspective on CPI & IIP data by Mr. Nikhil Gupta, Chief Economist, MOFSL Group No surprises again; Monetary easing still some time away May headline inflation came in at 4.75%, April IIP at 5% Headline inflation was largely in line with the BMBG consensus and IIP growth was slightly better. Today's data will not change any views on India's monetary policy. Some CPI details: -- Core inflation stood at ...
Perspective on CPI & IIP Data by Mr. Nikhil Gupta, Chief Economist, MOFSL Group
Gold prices fell on Thursday after the U.S. Federal Reserve in its most recent policy meeting scaled back to only one interest rate cut later this year, fewer than previously projected, even as inflation cooled in May. Spot gold was down 0.4% at $2,313.92 per ounce, as of 0340 GMT. U.S. gold futures fell 1.1% to $2,329.50. "While the tamer consumer price index print was a net positive for gold, the takeaway from the Fed meeting was that the number of rate cuts in 2024 have been red...
Gold slips as Fed signals only one rate cut this year
Gold prices fell on Tuesday with investors awaiting key U.S. inflation data and the outcome of the Federal Reserve's policy meeting for details of the central bank's plans to cut interest rates against its inflation target. Spot gold was down 0.3% at $2,302.89 per ounce, as of 0317 GMT. U.S. gold futures fell 0.3% to $2,320.20. "I suspect the Fed's hands are tied following the strong payrolls report, as it likely doesn't enable them to signal the September cut that ...
Gold slips as markets eye outcome of Fed meet, CPI data
Last Week, Indian equity markets witnessed high volatility sessions due to an unexpected outcome in the 2024 Lok Sabha elections. National Stock Exchange (NSE) benchmark Nifty was within the range of 21,300-23,300 points, the widest after May 2020. A new government is being formed on Sunday and it is believed that stability can be seen in the market for next week. The outlook for the market will be guided by the major domestic and global economic data. Retail inflation (CPI ...
Market Outlook: New Government, IIP, PMI data and Fed meet key triggers for next week
The RBI has raised India’s GDP growth forecast from 7 per cent to 7.2 per cent for the current financial year (2024-25), as it expects the economy to continue on a high growth trajectory. However, it has decided to stick to its CPI inflation forecast for 4.5 per cent for the year. RBI Governor Shaktikanta Das said the GDP growth in the first quarter of 2024-25 is likely to be at 7.3 per cent, 7.2 per cent in Q2, 7.3 per cent in Q3, and 7.2 per cent in the last quarter. &l...
RBI raises GDP growth forecast for 2024-25 to 7.2 pc, sees CPI inflation at 4.5 pc
The dollar traded near a one-month low versus the euro on Wednesday amid lower Treasury yields as traders braced for a key U.S. inflation report later in the day that could dictate the path of Federal Reserve policy. The yen languished near a two-week low, as a still-gaping yield gap between local bonds and U.S. peers continued to encourage selling of the Japanese currency. The yuan slid to a two-week low versus the dollar after U.S. President Joe Biden unveiled steep tariff increases o...
Dollar droops ahead of crucial CPI test; yen under pressure
Below The Quote On Today's IIP & CPI inflation data from Raghvendra Nath, Managing Director, Ladderup Wealth Management Private Limited "At 4.83%, CPI continued its downward trajectory. With expectations of normal monsoons, we expect the food inflation to moderate in the coming months. Oil remains a key monitorable due to the ongoing geo-political uncertainty. We don't expect any impact on markets or the policy stance of RBI, as the CPI number was in l...
Reaction Quote on today's CPI data By Raghvendra Nath, Managing Director, Ladderup Wealth Management
Below the Perspective on CPI & IIP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International "April's CPI inflation decreased slightly from 4.85% in March to 4.83%, eighth straight month that inflation remained within the RBI’s tolerance band of 2 percentage points within 4%. Urban inflation was recorded at 4.11%, while rural inflation was reported at 5.43%. Food and beverage prices held steady at 7.87 percent, slightly higher than 7.68 ...
Perspective on CPI & IIP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
Below The Perspective on CPI Data by Rajani Sinha, Chief Economist, CareEdge Ratings. CPI inflation, broadly in line with the expectations, moderated to 4.83% in April. Core inflation persisted at a benign rate of 3.2%. Reversing last month's trend, food inflation inched up to 7.9% as the ongoing deflation in the oil and fat category fell to a single digit after 12 months. The high inflation in specific food categories, including vegetables and pulses, remain a concern....
Perspective on CPI Data By Rajani Sinha, Chief Economist, CareEdge Ratings
Below The Reaction Quote on CPI data By Shlok Srivastav, Co-founder & COO, Appreciate, a SEBI and IFSCA registered fintech company. “The headline inflation number at 4.83% masks the rather ominous food inflation figure of 7.9%. Undoubtedly, the new government will draw relief from the expectation of a normal monsoon. However, erratic behaviour from the monsoon threatens to send food inflation soaring even higher, which would dampen consumption going forw...
Reaction Quote on CPI data By Shlok Srivastav, Co-founder & COO, Appreciate, a SEBI and IFSCA registered fintech company
Asian shares hovered around 15-month highs on Tuesday and the dollar was firm ahead of highly anticipated U.S. inflation data, while Japanese bonds were squeezed as the central bank pulled back a little on its bond buying programme. MSCI's broadest index of Asia-Pacific shares outside Japan climbed slightly and hit its highest since early 2023 in morning trade, as a strong rally in Hong Kong shares extended into a fourth consecutive week. [.HK] Japan's Nikkei was flat. Benchmark...
Asia shares hit 15-month high as traders wait for CPI
India's consumer price inflation is likely to have eased to 4.80% in April, just shy of March's rate as food inflation remains sticky, according to economists polled by Reuters. While headline inflation has moderated in recent months, food prices, which account for nearly half the consumer price index (CPI) basket, have remained elevated, squeezing household budgets. With parts of the country experiencing a heatwave, food prices continue to pose an additional risk to India's...
India inflation likely slipped in April
India's GDP growth trend is on the cusp of an upshift, with early signs of it rising above 7 per cent recorded during the 2020s before Covid-19 struck, according to the RBI's monthly bulletin for April released on Tuesday. "The conditions are shaping up for an extension of a trend upshift in India's real GDP growth, backed by strong investment demand and upbeat business and consumer sentiments," the report states. It also points out that the global growth momentum ...
RBI sees India`s GDP growth trend surging past 7 per cent
Rising global risks, including the rise in crude oil prices, may delay RBI’s rate cuts, analysts said. “While we maintain our call for a 50 bps rate cut starting in 3QFY25, we note increasing risks of further delays to the RBI’s rate cuts from rising crude oil prices, a further push-back to the timing of the US Fed’s rate easing cycle and volatile food inflation,” Kotak Institutional Equities said. “In the near term, we see upside risks to our 1QFY25 ...
Rising global risks could delay RBI rate cuts, say analysts
March inflation moderates; global risks increasing March headline inflation, as expected, moderated to 4.9%, while core inflation moderated marginally to 3.3%. We continue to expect only a gradual moderation in headline inflation. In the near term, we see upside risks to our 1QFY25 estimate from adverse weather and increasing commodity prices. We maintain our (1) FY2025 average headline inflation estimate at 4.5% and (2) call for a 50 bps repo rate cut starting in 3QFY25. Food and fuel...
Economy : March inflation moderates; global risks increasing
With cooling food prices, Consumer Price Index (CPI) based retail inflation declined to a five-month low of 4.85 per cent in March 2024.The CPI was 5.09 per cent in February and 5.66 per cent in March 2023. Previously, CPI-based inflation was the lowest at 4.87 per cent in October 2023. The inflation remained within the Reserve Bank of India’s (RBI) comfort zone. The government has tasked the RBI to ensure inflation remains at 4 per cent, with a margin of 2 per cent on either side. T...
Retail inflation eases to five-month low of 4.85% in March
The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave support. The dollar went up 1.6% against a basket of six major currencies last week after a small but unnerving upside surprise in U.S. inflation cast doubt over bets on U.S. rate cuts, while European policymakers signalled a cut within a few months. The dollar made a 34-year high on the yen, rising to 153.69. I...
Dollar stands tall, yen slides as US rate-cut bets recede
Asian shares slumped and gold prices rose on Monday as risk sentiment took a hit after Iran's retaliatory attack on Israel stoked fears of a wider regional conflict and kept traders on edge. The dollar scaled a fresh 34-year high against the yen on growing expectations that sticky inflationary pressures in the United States will keep rates there higher for longer. Markets in Asia began the week on a cautious footing. MSCI's broadest index of Asia-Pacific shares outside Japan fel...
Asia stocks slide, gold rises as Middle East conflict sparks safety rush
Investors are closely monitoring Q4 earnings and geopolitical events, which are poised to shape market direction, says Vinod Nair, Head of Research at Geojit Financial Services. Escalating geopolitical tensions in the Middle East, alongside supply concerns, have propelled crude prices upward, impacting overall market sentiment, he said. Investors' hopes for a June rate cut were dashed by higher-than-expected inflation in the US, compounded by positive US employment and manufacturing...
Markets likely to remain volatile on global concerns
Below the Perspective on CPI & IIP data by Mr. Nikhil Gupta, Chief Economist, MOFSL Group As expected, India's inflation was at 10-month low of 4.85% YoY in Mar'24 (BMBG consensus and our forecast of 4.9%), implying that inflation was 5.4% in FY24, the lowest in four years. Key details are as follows: 1) Core inflation was unchanged at 3.3% last month, while food inflation was 8.5% vs. 8.6% in Feb'24 2) Services inflat...
Perspective on CPI & IIP data by Mr. Nikhil Gupta, Chief Economist, MOFSL Group
Below the Views on CPI and IIP by Rajani Sinha, Chief Economist, CareEdge Ratings CPI-March 2024 CPI inflation, broadly in line with the expectations, has moderated to 4.9% in March from 5.1% in February. Core inflation remained subdued and moderated marginally, consistently staying below the 4% threshold for fourth consecutive months. Although there has been a broad-based moderation in the overall CPI basket, food inflation persists at elevated levels despite m...
Views on CPI and IIP by Rajani Sinha, Chief Economist, CareEdge Ratings
Below the Perspective on CPI & IIP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International "India's retail inflation eases to a 9-month low of 4.85% in March. Retail inflation, also known as Consumer Price Index (CPI) inflation, decreased to 4.85% from 5.09 percent in February. Inflation is gradually approaching the 4% comfort zone set by the RBI. While, the CPI for rural areas was 5.45%, and the CPI for urban areas was 4.14%. Inflation meas...
Perspective on CPI & IIP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
India’s consumer price inflation eased to a 9-month low of 4.85 per cent in March bringing relief to household budgets, figures released by the Ministry of Statistics on Friday showed. Retail Inflation has come down closer to the RBI’s mid-term target of 4 per cent after which the central bank would be in a position to cut key interest rates to spur economic growth. The country’s CPI inflation had stood at 5.09 per cent in February and 5.1 per cent in January. ...
India`s CPI inflation eases to 9-month low of 4.85 pc in March
The price of gold went up on MCX on Wednesday with gold for June 5 delivery traded 0.44 per cent higher at Rs 71,652 per 10 grams at around 11:30 a.m. The gold price in the domestic futures market tracked the rally in the global market which saw the price of the yellow metal closing to a record high. Both gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on Wednesday. Gold futures, maturing on June 5, 2024, stood at Rs 71,456 per 10 grams on the MCX, ...
Gold prices rise on MCX tracking global rally
The dollar consolidated on Wednesday ahead of a key inflation report later in the day, while the yen remained a whisker away from what markets believe to be the line in the sand for Japanese authorities to intervene. The kiwi, meanwhile, briefly jumped to a three-week high after the Reserve Bank of New Zealand kept rates on hold, as expected, but warned of persistent inflation. The main market focus on Wednesday is U.S. consumer price inflation for March, which traders have been eagerly...
Dollar firm, yen under watch ahead of key US CPI release
The realty players have said that the RBI’s move to maintain the current policy rate will stimulate growth within the housing market predicting a significant boon for prospective home buyers. Incidentally, the RBI's Friday decision came days ahead of the auspicious Gudi Padwa (launch of the Hindu calendar year) as the realty players hope to witness higher property transactions. Prashant Sharma, President of the National Real Estate Development Council (NAREDCO) Maharashtra, at...
RBI`s move to maintain current policy rate will stimulate growth in housing, say realty players
India's GDP growth for 2024-25 is projected at 7 per cent while the forecast for inflation for the year has been retained at 4.5 per cent, RBI Governor Shaktikanta Das said on Friday. "Growth has continued to sustain its momentum, surpassing all projections. "India presents a different picture on account of its fiscal consolidation and faster GDP growth. Domestic economic activity continues to expand at an accelerated pace, supported by fixed investment and an improving gl...
RBI projects GDP growth at 7 pc for 2024-25, retail inflation seen at 4.5 pc
Asian shares dithered on Monday as investors worried U.S. inflation data this week could derail the outlook for lower interest rates, while the risk of currency intervention from Japan stalled the yen's decline for the moment. China's central bank also engineered a rally in the yuan after setting a firmer fix for the currency, nudging the dollar lower more broadly. The main data event of the week will be U.S. core personal consumption expenditure (PCE) price index on Friday whic...
Asia shares flat, dollar restrained by Japan caution
Gold held steady on Tuesday as investors stayed on the sidelines ahead of the U.S. Federal Reserve policy meeting this week, which could offer further clues on the timing of likely interest rate cuts this year. Spot gold was up 0.1% at $2,161.79 per ounce, as of 0237 GMT. U.S. gold futures edged 0.1% higher to $2,165.30. With the Fed widely expected to hold rates steady at the end of its two-day monetary policy meeting on Wednesday, the market is awaiting policymakers' updated...
Gold holds ground as investors seek direction from Fed
SBI Research in its Ecowrap report has said India’s retail inflation gauged by the Consumer Price Index (CPI) is expected to remain slightly above 5 per cent till May before declining towards 3 per cent in July. The retail inflation print is expected to stay below 5 per cent beginning November till the end of the financial year 2024-25. Retail inflation in India eased a tad in February to 5.09 per cent from 5.10 per cent the prior month, due to the deceleration of prices in all categori...
India`s retail inflation to remain above 5% till May: SBI Research report
The currency market was sedate on Thursday, with the U.S. dollar consolidating against major peers as market players awaited more data out of the world's largest economy for clues on the direction of Federal Reserve policy. Tuesday's hotter-than-expected U.S. consumer price index (CPI) has re-ignited concern that inflation could remain sticky, leaving traders to reassess if the Fed will start cutting interest rates at its June meeting as previously expected. Market partici...
Currency market subdued ahead of fresh US economic data
A decade after steadily decline in investment to GDP, capex has emerged as a key growth driver in India, global brokerage, Morgan Stanley said. “We think the capex cycle has more room to run, therefore the current expansion closely resembles that of 2003-07,” it added. The most important feature of this expansion is that investment ratios are picking up after an 11-year decline, Morgan Stanley said. “We see a long runway ahead for the current expansion cycle and rem...
Capex has emerged as a key growth driver in India: Morgan Stanley
The Indian rupee is likely to struggle on Wednesday after sticky U.S. inflation suggested that the Federal Reserve will wait longer to cut interest rates. An anticipated dollar outflow is further expected to dampen demand for the local currency. Non-deliverable forwards indicate the rupee will open at around 82.80 to the U.S. dollar, compared with 82.7675 in the previous session. The U.S. February core consumer price index (CPI) rose 0.4% month-on-month, topping expectations. The headli...
Rupee under pressure on anticipated outflow, possible Fed rate cut delay
Gold prices steadied on Wednesday, after posting its biggest decline in a month in the previous session after a sticky U.S. inflation report boosted bond yields and slightly tempered hopes for a June interest rate cut from the Federal Reserve. FUNDAMENTALS * Spot gold edged 0.1% up to $2,158.26 per ounce, as of 0151 GMT. U.S. gold futures fell 0.1% to $2,163.50. * U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting some stickiness...
Gold subdued as sticky US inflation prompts rate-cut rethink
Oil prices rose on Wednesday on expectations of strong global demand, including in the world's top consumer the United States, and as even somewhat sticky U.S. inflation did not dent expectations the Fed might start cutting rates soon. Brent futures for May delivery were up 36 cents, or 0.44%, at $82.28 a barrel by 0020 GMT. The April U.S. West Texas Intermediate (WTI) crude contract rose 38 cents, or 0.49%, to $77.94. The Organization of the Petroleum Exporting Countries stuck to i...
Oil prices up on strong US demand, Fed signals in focus
The U.S. dollar held steady against a handful of rival currencies on Wednesday, as traders weighed what impact hotter-than-expected inflation data could have on chances of an interest rate cut at the Federal Reserve's June meeting. The U.S. consumer price index (CPI) increased solidly in February, beating forecasts and suggesting some stickiness in inflation. Although the CPI rose 0.4% in February in line with forecasts, a 3.2% year-on-year gain came in just ahead of an expected 3.1...
Dollar steadies as traders weigh hotter-than-expected inflation
Asian shares notched seven month highs on Wednesday, on the back of record peaks on Wall Street, as investors mostly shrugged off slightly hotter-than-expected U.S. inflation, betting it won't derail interest rate cuts expected by the middle of the year. A Reuters report earlier in the week that China had asked banks to enhance financial support for developer China Vanke has also put support beneath Hong Kong stocks. [.HK] MSCI's broadest index of Asia-Pacific shares outsi...
Stocks stride past US inflation to milestone highs
Load More