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Rupee may weaken past 85/USD on Fed`s `decidedly`hawkish turn The Indian rupee may dip past 85 for the first time on Thursday after Federal Reserve officials signalled fewer rate cuts in 2025, sending the dollar index to its highest in two years. The one-month non-deliverable forward indicated that the rupee will open at 85.04-85.06 to the U.S. dollar compared with 84.9525 in the previous session. Overnight, U.S. equities plunged, Treasury yields rose and the dollar index soared after the Fed indicated a much slower pace of rate cuts than previous...
Rupee may weaken past 85/USD on Fed`s `decidedly`hawkish turn
Rupee may weaken past 85/USD on Fed`s `decidedly`hawkish turn
Source: Reuters
2024-12-19 08:45:36 am
OPEC+ Cautious on Renewed U.S. Oil Output Under Donald Trump by Amit Gupta, Kedia Advisory OPEC+ is concerned about the resurgence of U.S. oil production under Donald Trump’s presidency, which threatens to undermine their market share and efforts to stabilize prices. Despite earlier delays in raising output, the group has maintained supply cuts to support prices in a weakened demand environment. U.S. oil output has surged by 11% over recent years, with predictions for continued growth, further exacerbating the competition for market share. While Trump’s policies could b...
OPEC+ Cautious on Renewed U.S. Oil Output Under Donald Trump by Amit Gupta, Kedia Advisory
OPEC+ Cautious on Renewed U.S. Oil Output Under Donald Trump by Amit Gupta, Kedia Advisory
Source: Kedia advisory
2024-12-18 12:59:31 pm
Rupee to linger near all-time low before Fed rate forecasts The Indian rupee is likely to hold near lifetime lows on Wednesday, with traders awaiting the Federal Reserve's projections on how many times it will cut interest rates next year. The one-month non-deliverable forward indicated that the rupee will mostly unchanged from 84.8950 in the previous session. The dollar index was little changed on Wednesday, just below 107. Asian currencies were mixed and rangebound. "Today's FOMC (Federal Open Market Committee) could spark anot...
Rupee to linger near all-time low before Fed rate forecasts
Rupee to linger near all-time low before Fed rate forecasts
Source: Reuters
2024-12-18 09:01:13 am
Record trade deficit adds to rupee`s challenges, may open to all-time low The Indian rupee may slip to an all-time low on Tuesday with the currency, already under pressure from slowing growth, choppy equity flows and a dollar rally, will have to contend with an unexpected widening in trade deficit to a record high. The 1-month non-deliverable forward indicated that the rupee will open at 84.88-84.90 to the U.S. dollar compared with 84.8625 in the previous session. The rupee hit a lifetime low of 84.88 last Thursday. The jump in gold imports and weak exports p...
Record trade deficit adds to rupee`s challenges, may open to all-time low
Record trade deficit adds to rupee`s challenges, may open to all-time low
Source: Reuters
2024-12-17 09:14:09 am
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000 The U.S. dollar hovered close to a three-week peak versus major peers on Monday amid expectations the Federal Reserve will cut interest rates this week but then signal a measured pace of easing for 2025. Bitcoin soared above $105,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential strategic bitcoin reserve. The yen struggled to recover following its worst week since September after Reuters and other news outlets reported that the Bank of J...
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
Source: Reuters
2024-12-16 09:22:28 am
Indian rupee to face renewed pressure as US yields climb The Indian rupee, having witnessed slight relief late last week, is likely to come under renewed strain on Monday on the back of a further rise in U.S. Treasury yields. The 1-month non-deliverable forward indicate that the rupee will open at 84.82-84.83 to the U.S. dollar compared with its previous close of 84.7875. The local currency inched up 0.1% on Friday, thanks to likely dollar sales by the central bank and possible inflows, according to traders. "In the context" of h...
Indian rupee to face renewed pressure as US yields climb
Indian rupee to face renewed pressure as US yields climb
Source: Reuters
2024-12-16 08:59:40 am
Asia wary of Fed rate future, China data disappoints Asian stock markets were in a wary mood on Monday as surging bond yields challenged equity valuations, particularly for the richly priced tech sector, in a week packed with central bank meetings and major economic data. Figures from China out on Monday showed retail sales rose just 3.0% in November, compared to a year earlier, well below market forecasts of 4.6% and evidence of the need for much more aggressive stimulus. Industrial production was much as expected, while house prices were s...
Asia wary of Fed rate future, China data disappoints
Asia wary of Fed rate future, China data disappoints
Source: Reuters
2024-12-16 08:57:14 am
Dollar set for best week in a month on cut-then-wait Fed outlook The dollar rose to a 2 1/2-week high against major peers on Friday, on track for its best week in a month, amid bets that the Federal Reserve would cut interest rates next week but then take a patient approach to further reductions. The U.S. currency was also supported against the euro and Swiss franc following rate cuts at those central banks a day earlier, and versus the yen amid speculation the Bank of Japan will forgo a rate hike at its meeting next week. The dollar index, which mea...
Dollar set for best week in a month on cut-then-wait Fed outlook
Dollar set for best week in a month on cut-then-wait Fed outlook
Source: Reuters
2024-12-13 09:00:44 am
Trump`s Energy Vision and Its Impact on the Crude Oil Market by Amit Gupta, Kedia Advisory The re-election of Donald Trump signals a significant shift in global energy policies, with potential wide-reaching effects on the crude oil market. Trump's emphasis on energy independence and resource dominance starkly contrasts with the climate-focused agenda of his predecessor, Joe Biden. By exploring historical trends and policy directions, it becomes evident how Trump’s vision could reshape oil prices, production, and trade on both national and global scales. Donald Trump ha...
Trump`s Energy Vision and Its Impact on the Crude Oil Market by Amit Gupta, Kedia Advisory
Trump`s Energy Vision and Its Impact on the Crude Oil Market by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-13 08:58:57 am
Rupee weakness to persist on rally in dollar, US yields The Indian rupee will have to contend with the higher run in the U.S. dollar and yields at the open on Friday, which may push the local currency to a new all-time low. The one-month non-deliverable forward indicated that the rupee will open at 84.87-84.88 to the dollar, compared with 84.8575 in the previous session and near the all-time low of 84.88 hit on Thursday. The dollar index climbed past the 107 handle in the New York session on Thursday to its highest in more than two weeks. Th...
Rupee weakness to persist on rally in dollar, US yields
Rupee weakness to persist on rally in dollar, US yields
Source: Reuters
2024-12-13 08:57:11 am
Asian shares fall, long-dated Treasuries set for worst week in a year Asia shares fell on Friday as a strong dollar kept risk sentiment fragile, while longer-dated Treasury yields are heading for their biggest weekly rise this year as expectations for deep U.S. rate cuts in 2025 recede. A top level meeting in Beijing pledged to increase debt and boost consumption but failed to boost Chinese equity markets. Policymakers are girding for more trade tensions with the U.S. as Donald Trump's return to power approaches. It has been a week of rate cuts from S...
Asian shares fall, long-dated Treasuries set for worst week in a year
Asian shares fall, long-dated Treasuries set for worst week in a year
Source: Reuters
2024-12-13 08:54:33 am
6-7 pc growth rate in India good given global average, infra work on solid ground: Mark Mobius India’s ability to manage inflation without compromising growth will be pivotal in attracting sustained foreign investments, global ace investor Mark Mobius said on Thursday, adding that on a macro front, 6-7 per cent growth rate in India is a good rate given the global average.  Addressing an investor webinar organised by PL Capital-Prabhudas Lilladher, the veteran investor said the Indian economy grew a good 5.4 per cent in Q2 FY25, despite having a size as big as $4 trillion....
6-7 pc growth rate in India good given global average, infra work on solid ground: Mark Mobius
6-7 pc growth rate in India good given global average, infra work on solid ground: Mark Mobius
Source: IANS
2024-12-12 12:08:07 pm
ADB Trims Growth Outlook for Asia Amid US Policy Risks by Amit Gupta, Kedia Advisory The Asian Development Bank (ADB) has revised its growth forecast for developing Asia, predicting 4.9% growth in 2024 and 4.8% in 2025, slightly lower than its previous projections. The downgrade reflects weaker consumption and economic performance in some regions. While China's growth forecast remains steady, India's projection for 2024 has been trimmed to 6.5%. ADB warns of downside risks due to potential shifts in U.S. trade and fiscal policies under President-elect Donald Trump, al...
ADB Trims Growth Outlook for Asia Amid US Policy Risks by Amit Gupta, Kedia Advisory
ADB Trims Growth Outlook for Asia Amid US Policy Risks by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-11 11:04:36 am
Gold Holds Firm on Safe-Haven Appeal and Softer US Dollar by Amit Gupta, Kedia Advisory Gold prices maintain a positive trend, trading near a two-week high amid escalating geopolitical tensions and softer US Treasury yields. Factors like China's resumption of gold purchases and heightened safe-haven demand due to the Russia-Ukraine conflict and political unrest in South Korea and France bolster prices. Despite hawkish comments from Fed officials hinting at a potential pause in rate cuts, expectations of lower borrowing costs and subdued US Dollar strength support Gold’...
Gold Holds Firm on Safe-Haven Appeal and Softer US Dollar by Amit Gupta, Kedia Advisory
Gold Holds Firm on Safe-Haven Appeal and Softer US Dollar by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-10 03:42:31 pm
China's Exports Slow, Imports Shrink Amid Trade Uncertainties by Amit Gupta, Kedia Advisory China's exports grew 6.7% in November, missing forecasts, while imports unexpectedly fell by 3.9%, signaling growing trade challenges. U.S. President-elect Donald Trump’s pledge to impose new tariffs on Chinese goods and unresolved EU-China disputes over electric vehicle tariffs heighten risks for China’s export-driven economy. Meanwhile, South Korea’s declining exports to China reflect weak demand for components. The trade surplus rose to $97.44 billion, slightly up fro...
China's Exports Slow, Imports Shrink Amid Trade Uncertainties by Amit Gupta, Kedia Advisory
China's Exports Slow, Imports Shrink Amid Trade Uncertainties by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-10 03:31:56 pm
India to be key market for global oil & gas as China slows: HSBC  India is expected to be the key destination for global oil and gas products as the country adds refinery, petrochem, LNG regasification and pipeline capacity while the Chinese economy slows, according to an HSBC report released on Tuesday.   The report states that global oil prices are likely to remain weak. This would benefit India as the country imports over 80 per cent of its crude oil requirement and any decline in global oil prices leads to a huge saving in the import bill....
India to be key market for global oil & gas as China slows: HSBC
India to be key market for global oil & gas as China slows: HSBC
Source: IANS
2024-12-10 03:06:37 pm
Loonie, Aussie in focus while US dollar extends gains The Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings this week, while the euro and other major currencies lost a bit more ground to a strong U.S. dollar. With a quarter-point rate cut by the Federal Reserve next week a near certainty as per market pricing, analysts say the dollar is looking tired after its long run-up in the four weeks since Donald Trump won the presidential election. Morgan Stanley analysts even recommend being short U....
Loonie, Aussie in focus while US dollar extends gains
Loonie, Aussie in focus while US dollar extends gains
Source: Reuters
2024-12-09 11:35:34 am
Rupee tipped to drift lower as buoyant dollar pressures Asia FX  The Indian rupee is likely to open slightly lower on Monday as expectations surrounding the incoming Trump administration's policies keep the dollar well-bid despite heightened hopes of a Federal Reserve rate cut this month. The 1-month non-deliverable forward indicated the rupee would open at 84.69-84.70 to the U.S. dollar, compared with its close of 84.6875 in the previous session. The odds of a 25-basis point rate at the Fed's Dec. 17-18 meeting have risen -- to 83% fro...
Rupee tipped to drift lower as buoyant dollar pressures Asia FX
Rupee tipped to drift lower as buoyant dollar pressures Asia FX
Source: Reuters
2024-12-09 09:06:23 am
Oil edges up as rising Mideast tensions offset demand fears Oil prices nudged higher on Monday as heightened tensions in the Middle East following the overthrow of Syrian President Bashar al-Assad by rebels offset concerns over weak Chinese demand that was highlighted by Saudi Aramco's price cuts to Asian buyers. Brent crude futures rose 22 cents, or 0.3%, to $71.34 per barrel by 0140 GMT. U.S. West Texas Intermediate crude futures gained 22 cents, or 0.3%, to $67.42 per barrel. Brent lost more than 2.5% last week and WTI fell 1.2% as analys...
Oil edges up as rising Mideast tensions offset demand fears
Oil edges up as rising Mideast tensions offset demand fears
Source: Reuters
2024-12-09 09:04:05 am
National currencies real alternatives to the US dollar amid sanctions: Rosneft CEO The use of the US dollar as a sanctions instrument has limited its use in international trade, and national currencies, primarily the Chinese RMB, have become alternatives to it, Rosneft Chief Executive Officer Igor Sechin said.  The abuse of sanctions and the use of the dollar as a sanctions tool limited its application scope in international trade and provoked the search for alternatives, which became national currencies, primarily the yuan," Sechin said at the Doha Forum. T...
National currencies real alternatives to the US dollar amid sanctions: Rosneft CEO
National currencies real alternatives to the US dollar amid sanctions: Rosneft CEO
Source: IANS
2024-12-08 05:40:49 pm
First RBI rate cut likely in Feb with easing domestic inflation: Crisil report The conditions are projected to turn favourable for rate cuts by the Reserve Bank of India (RBI) in India with the first one in February, and easing domestic inflation will be the main driver of rate cuts, according to a new report.  Inflation is expected to ease towards the end of this fiscal, given healthy agricultural output. When the rabi, or winter, crop reaches the market, vegetable prices tend to correct sharply. “Easing food inflation, coupled with benign non-food inf...
First RBI rate cut likely in Feb with easing domestic inflation: Crisil report
First RBI rate cut likely in Feb with easing domestic inflation: Crisil report
Source: IANS
2024-12-07 06:06:45 pm
India cenbank takes steps to increase forex inflows to boost struggling rupee The Reserve Bank of India on Friday raised the interest rate ceiling that banks can offer for foreign currency non-resident (FCNR-B) deposits to boost forex inflows at a time when the currency has been regularly hitting all-time lows. A FCNR-B is a term deposit account that non-resident Indians (NRIs) can open with banks in a foreign currency. Since the account is maintained in a foreign currency, the depositor is not exposed to exchange rate risk, making it attractive for NRIs. The cen...
India cenbank takes steps to increase forex inflows to boost struggling rupee
India cenbank takes steps to increase forex inflows to boost struggling rupee
Source: Reuters
2024-12-06 12:54:45 pm
India in advantageous position for relations with Donald Trump 2.0 term: EAM Jaishankar India is in a 'much more advantageous position' than many other countries in the world to build 'deeper' relations with the incoming Donald Trump 2.0 administration in the US, External Affairs Minister Dr. S. Jaishankar said on Thursday.  Speaking at an ASSOCHAM conference on ‘Viksit Bharat Summit’ in the national capital, EAM Jaishankar said the way important economies look at India has undergone a tremendous change in the last 10 years. Asked about the...
India in advantageous position for relations with Donald Trump 2.0 term: EAM Jaishankar
India in advantageous position for relations with Donald Trump 2.0 term: EAM Jaishankar
Source: IANS
2024-12-06 10:14:53 am
Currency markets brace for US jobs report amid political turmoilt Major currencies remained jittery on Friday as markets awaited U.S. job data and considered the impact of a politically turbulent week that saw the collapse of France's government and the brief imposition of martial law in South Korea. The U.S. dollar briefly spiked against South Korea's won after local media reported that the nation's main opposition Democratic Party said lawmakers were on standby after receiving reports of another martial law declaration. The won was last ...
Currency markets brace for US jobs report amid political turmoilt
Currency markets brace for US jobs report amid political turmoilt
Source: Reuters
2024-12-06 09:02:56 am
Exclusive-As tariffs loom, Gillette-razor maker P&G sourcing more steel from India Procter & Gamble has overhauled its supply chain for the tiny, extra-thin strips of stainless steel in its Gillette razors to source from India, a move expected to help protect its margins from any tariffs U.S. President-Elect Donald Trump may impose. The stainless steel the Gillette-brand razor maker uses is highly specialized to prevent nicks and cuts and is only produced in large quantities by a handful of companies, none of which are located in the U.S., P&G has told the U.S. C...
Exclusive-As tariffs loom, Gillette-razor maker P&G sourcing more steel from India
Exclusive-As tariffs loom, Gillette-razor maker P&G sourcing more steel from India
Source: Reuters
2024-12-05 05:46:34 pm
Donald Trump`s pledge to impose high tariffs to provide huge export opportunities for India: BVR Subrahmanyam Niti Aayog CEO BVR Subrahmanyam has said that US President-elect Donald Trump's pledge to impose high tariffs on three of its trading partners, including China will provide huge export opportunities for India and the domestic industry should prepare itself to tap into that. Recently, Trump vowed to introduce 25 per cent tariffs (or customs duty) on imports from Mexico and Canada and an additional 10 per cent on China.  Subrahmanyam said there is going to be huge disruptions becaus...
Donald Trump`s pledge to impose high tariffs to provide huge export opportunities for India: BVR Subrahmanyam
Donald Trump`s pledge to impose high tariffs to provide huge export opportunities for India: BVR Subrahmanyam
Source: Accord Fintech
2024-12-05 03:18:21 pm
S&P Global pegs world economic growth at 3 pc in 2025 S&P Global Ratings on Thursday forecast global economic expansion of 3 per cent in 2025 as growth slows in the US, China, and the Eurozone continues to recover, and emerging markets find their footing.  “With easing inflation, resilient labour markets, and sturdy consumer spending bolstering economic activity in most developed markets, we expect steady growth next year,” S&P Global said. Region- and country-specific divergence and overall geopolitical uncert...
S&P Global pegs world economic growth at 3 pc in 2025
S&P Global pegs world economic growth at 3 pc in 2025
Source: IANS
2024-12-05 01:51:45 pm
Euro wobbles as political turmoil dents sentiment; bitcoin scales $100,000 The euro was subdued on Thursday after the widely expected collapse of the French government, stoking worries about the region's second-biggest economic power, while bitcoin galloped past $100,000 for the first time. The world's best known cryptocurrency has been on a tear since November on expectations that Donald Trump's U.S. election win will usher in a friendly regulatory environment for cryptocurrencies. It rose to as high as $101,626 in Asian hours and was last up 3% a...
Euro wobbles as political turmoil dents sentiment; bitcoin scales $100,000
Euro wobbles as political turmoil dents sentiment; bitcoin scales $100,000
Source: Reuters
2024-12-05 09:31:52 am
`Digital gold` Bitcoin surpasses $1,00,000 for first time, may reach $120,000 soon: Experts World’s largest cryptocurrency Bitcoin has crossed the historic milestone of $100,000 apiece, driven by favourable market dynamics, growing US regulatory clarity, and institutional adoption through Bitcoin ETFs, industry experts said on Thursday.  Bitcoin was trading at $1,03,095, after gaining 4.39 per cent. According to Vishal Sacheendran, Head of Regional Markets at Binance, the cryptocurrency market is experiencing a surge in optimism as governments and institutions worldwid...
`Digital gold` Bitcoin surpasses $1,00,000 for first time, may reach $120,000 soon: Experts
`Digital gold` Bitcoin surpasses $1,00,000 for first time, may reach $120,000 soon: Experts
Source: IANS
2024-12-05 09:20:51 am
Rupee caught between weak underlying tone, soft US data  The Indian rupee is likely to open little changed on Thursday, holding near its all-time low, amid a weak near-term outlook and data out of the U.S. that supported a Federal Reserve rate cut this month. The 1-month non-deliverable forward indicated the rupee will open at 84.72-84.75 to the U.S. dollar, compared with its close of 84.74 in the previous session. It hit a lifetime low of 84.7575 on Tuesday. Over the last two and a half months, the rupee has been under persistent stres...
Rupee caught between weak underlying tone, soft US data
Rupee caught between weak underlying tone, soft US data
Source: Reuters
2024-12-05 09:03:13 am
Oil prices rise with all eyes on OPEC+ supply decision Oil prices rose on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring tension in the Middle East. Brent crude futures climbed 12 cents, or 0.2%, to $72.43 a barrel by 0103 GMT while U.S. crude futures were at $68.70 a barrel, up 16 cents, or 0.2%. Both benchmarks fell nearly 2% on Wednesday. The Organization of the Petroleum Exporting Countries and its allies in OPEC+ are likely...
Oil prices rise with all eyes on OPEC+ supply decision
Oil prices rise with all eyes on OPEC+ supply decision
Source: Reuters
2024-12-05 08:59:38 am
Indian rupee on gentle one-way path down, to breach 85/$ in 6 months The Indian rupee will break through 85 per U.S. dollar to hit a new low in the next six months even as the Reserve Bank of India continues to intervene to stem the currency's losses, according to a Reuters poll of FX strategists. The results come days after news that growth in India, the world's fastest growing major economy this year, unexpectedly slowed sharply to an annual 5.4% in the latest quarter, triggering speculation the RBI may cut interest rates on Friday. Only five o...
Indian rupee on gentle one-way path down, to breach 85/$ in 6 months
Indian rupee on gentle one-way path down, to breach 85/$ in 6 months
Source: Reuters
2024-12-05 08:54:38 am
Rupee weakens marginally against US dollar on Wednesday Indian rupee weakened marginally against the US dollar on Wednesday, despite weakness in American currency and foreign inflows into capital market. Foreign Institutional Investors were net buyers in the capital markets on Tuesday, as they purchased shares worth Rs 3,664.67 crore, exchange data showed. Meanwhile a rise in crude in international markets, Donald Trump's rhetoric on BRICS currency, political instability in the Eurozone have kept rupee under pressure. Investors are focusing on...
Rupee weakens marginally against US dollar on Wednesday
Rupee weakens marginally against US dollar on Wednesday
Source: Accord Fintech
2024-12-04 12:23:00 pm
Strong DII inflows keep Indian equities afloat: MOFSL  Despite the foreign institutional investors (FIIs) continue to sell equities, domestic institutional investors (DIIs) inflows are keeping the market afloat, Motilal Oswal Financial Services Ltd (MOFSL) said in a note on Wednesday.  FIIs sold equities worth $13 billion in October and November. The correction has cooled off the valuations in large-caps, even as mid/ smallcaps trade at expensive multiples. In November, DIIs recorded inflows of $5.3 billion. In contrast, FIIs rec...
Strong DII inflows keep Indian equities afloat: MOFSL
Strong DII inflows keep Indian equities afloat: MOFSL
Source: IANS
2024-12-04 12:04:49 pm
Gold steady; all eyes on US jobs data, Fed Chair's speech Gold prices steadied on Wednesday as markets awaited U.S. jobs data and comments from Federal Reserve Chair Jerome Powell for further insights into the U.S. interest rate cut trajectory. Spot gold held its ground at $2,644.42 per ounce, as of 0203 GMT. U.S. gold futures eased 0.1% to $2,666.40. The U.S. ADP employment report is due at 1315 GMT, ahead of the U.S. payrolls report on Friday. Powell is scheduled to speak later in the day in what is expected to be his last public remarks ...
Gold steady; all eyes on US jobs data, Fed Chair's speech
Gold steady; all eyes on US jobs data, Fed Chair's speech
Source: Reuters
2024-12-04 11:38:03 am
Dollar holds ground as Fed path pondered; won stable after martial law lifted  The U.S. dollar recovered from a three-week low versus the yen on Wednesday and held its ground against other major rivals as traders pondered the chances of a Federal Reserve interest-rate cut this month. South Korea's won stabilised following its plunge to a two-year low on Tuesday and then a partial recovery after President Yoon Suk Yeol first unexpectedly declared martial law and then abruptly reversed the decision just hours later following a standoff with parliament. Dea...
Dollar holds ground as Fed path pondered; won stable after martial law lifted
Dollar holds ground as Fed path pondered; won stable after martial law lifted
Source: Reuters
2024-12-04 09:14:42 am
Rupee weakens against US dollar on Tuesday Indian rupee weakened against the US dollar on Tuesday, driven by stronger American currency and unabated foreign portfolio outflows from the Indian capital market. Foreign Institutional Investors were net sellers in the capital markets on Monday, as they offloaded shares worth Rs 238.28 crore, exchange data showed. Besides, weaker domestic macroeconomic indicators, geopolitical tensions, and US President-elect Donald Trump's threat of 100% tariff on Brics nations have also added pressure...
Rupee weakens against US dollar on Tuesday
Rupee weakens against US dollar on Tuesday
Source: Accord Fintech
2024-12-03 11:35:00 am
Asian stocks climb on Wall Street lead; yuan, euro sag Asian stocks rose on Tuesday led by an outperforming tech sector following record highs on Wall Street overnight, while the dollar hovered near a six-week low to the yen as traders weighed the outlook for interest rates in the United States and Japan. Investors were also monitoring the political turmoil in France as the government there teetered on the brink of collapse, leaving the euro languishing close to a one-week low. The Chinese yuan was also facing its own challenges from the gr...
Asian stocks climb on Wall Street lead; yuan, euro sag
Asian stocks climb on Wall Street lead; yuan, euro sag
Source: Reuters
2024-12-03 08:54:58 am
Rupee weakens against US dollar on Monday Indian rupee weakened against the US dollar on Monday, tracking a negative trend in domestic equities and stronger American currency overseas after US President-elect Donald Trump threatened a 100% tariff on the BRIC bloc of nations if they act to undermine the US dollar. Moreover, slowing GDP growth numbers and unabated foreign portfolio outflows from the capital market have also added further strain on the domestic currency. Foreign Institutional Investors were net sellers in the capital ma...
Rupee weakens against US dollar on Monday
Rupee weakens against US dollar on Monday
Source: Accord Fintech
2024-12-02 11:30:08 am
Asia`s Factories Surge Amid China`s Recovery, Risks Persist by Amit Gupta, Kedia Advisory Asia's manufacturing sector showed signs of revival in November, driven by China's impressive factory activity growth, which hit a five-month high. The Caixin PMI rose to 51.5, reflecting robust domestic and export orders fueled by Beijing's stimulus efforts. While China’s recovery bolstered production in South Korea and Taiwan, Japan's factory activity contracted, highlighting regional disparities. Risks such as potential trade tensions under a second Donald Trump presi...
Asia`s Factories Surge Amid China`s Recovery, Risks Persist by Amit Gupta, Kedia Advisory
Asia`s Factories Surge Amid China`s Recovery, Risks Persist by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-02 11:24:44 am
Asia stocks rise after Wall Street records; dollar rebounds Asian stocks climbed on Monday, buoyed by record high closes on Wall Street, while the dollar bounced back from multiweek lows against the yen and British pound in a crucial week for the U.S. interest rate outlook. Chinese shares got an additional boost from a robust reading in a private manufacturing survey on Monday, confirming strength in the official data on manufacturing from the weekend. Incoming U.S. President Donald Trump provided the dollar support by warning the BRICS emerging...
Asia stocks rise after Wall Street records; dollar rebounds
Asia stocks rise after Wall Street records; dollar rebounds
Source: Reuters
2024-12-02 09:10:46 am
Dollar edges higher amid rate, political uncertainty  The dollar crept higher on Monday in what is shaping up to be a critical week for the prospect of U.S. rate cuts, while the yen's recent rebound was underpinned by wagers on rising rates at home. The dollar also drew some verbal support from U.S. President-elect Donald Trump who on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that could replace the dollar or face 100% tariffs. Political uncertainty in France...
Dollar edges higher amid rate, political uncertainty
Dollar edges higher amid rate, political uncertainty
Source: Reuters
2024-12-02 09:06:28 am
Oil inches up on upbeat China data, shaky Israel-Lebanon ceasefire Oil prices edged up on Monday supported by upbeat factory activity in the world's second largest oil consumer China and as Israel resumed attacks on Lebanon despite a ceasefire agreement, stoking tensions in the Middle East. Brent crude futures climbed 8 cents, or 0.1%, to $71.92 a barrel by 0107 GMT while U.S. West Texas Intermediate crude was at $68.09 a barrel, up 9 cents, or 0.1%. Prices rose after an official survey showed that China's factory activity expanded modestly for...
Oil inches up on upbeat China data, shaky Israel-Lebanon ceasefire
Oil inches up on upbeat China data, shaky Israel-Lebanon ceasefire
Source: Reuters
2024-12-02 09:00:20 am
India gold premiums steady as price fluctuations stabilise demand Physical gold premiums were steady in India, as a rise in demand from this week's price correction was later countered by higher rates, while demand in other major Asian hubs and top consumer China remained subdued. Bullion prices in India rose to 76,504 rupees per 10 grams on Friday, up from 74,852 rupees earlier this week. "Demand was strong at the beginning of the week due to lower prices, but weakened towards the end as prices increased," said Amit Modak, chief executi...
India gold premiums steady as price fluctuations stabilise demand
India gold premiums steady as price fluctuations stabilise demand
Source: Reuters
2024-11-29 12:35:58 pm
Donald Trump a friend of India and PM Narendra Modi, don`t foresee any problem whatsoever: Piyush Goyal  Calling US President-elect Donald Trump as a "friend of India" and "a friend of Prime Minister Narendra Modi", Commerce and Industry Minister Piyush Goyal said on Thursday that New Delhi is looking to further strengthen the economic partnership between the two countries as soon as the new administration takes charge in Washington, next month. "Mr. Trump is a friend of India, is a friend of Prime Minister Narendra Modi and I'm sure this friendship will onl...
Donald Trump a friend of India and PM Narendra Modi, don`t foresee any problem whatsoever: Piyush Goyal
Donald Trump a friend of India and PM Narendra Modi, don`t foresee any problem whatsoever: Piyush Goyal
Source: IANS
2024-11-29 09:34:24 am
Yen surges to 150 per dollar amid growing BOJ rate hike bets  The yen jumped as much as 1% to a six-week high at 150 per dollar on Friday, after faster than expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. The dollar sagged against most major peers in trading thinned by the U.S. Thanksgiving holiday, with sterling at the highest since Nov. 20. The euro edged back toward Wednesday's one-week high after recovering from a small decline in the previous session to end that day little changed. Ge...
Yen surges to 150 per dollar amid growing BOJ rate hike bets
Yen surges to 150 per dollar amid growing BOJ rate hike bets
Source: Reuters
2024-11-29 09:03:25 am
Rupee to bypass recovery in Asian peers on worries over outflows The Indian rupee is likely to hover near its all-time low on Friday as concerns about portfolio outflows override the recovery in Asian peers. The 1-month non-deliverable forward indicated the rupee will open at 84.4850-84.4950 to the U.S. dollar, nearly unchanged from its close on Thursday and near the lifetime low of 84.5075 hit late last week. Foreign investors took out nearly $1.4 billion from Indian equities on Thursday, preliminary exchange data showed, spurring a 1.5% slump in th...
Rupee to bypass recovery in Asian peers on worries over outflows
Rupee to bypass recovery in Asian peers on worries over outflows
Source: Reuters
2024-11-29 08:51:23 am
BJP-led NDA`s resounding assembly election wins to push economic reforms  The recent state assembly election victories have further consolidated the position of BJP-led NDA which will provide much-needed stability and resolve to push for economic reforms, according to a report on Thursday.  The results of recent state/Bye-elections in Maharashtra, Haryana, Uttar Pradesh and Bihar have bolstered the position of ruling NDA, said the report by PL Capital - Prabhudas Lilladher. This will help policy continuity towards major reforms across the spectrum ...
BJP-led NDA`s resounding assembly election wins to push economic reforms
BJP-led NDA`s resounding assembly election wins to push economic reforms
Source: IANS
2024-11-28 01:41:11 pm