Global index provider FTSE Russell said on Tuesday it would include India's sovereign bonds in its Emerging Markets Government Bond Index (EMGBI) from September 2025, after index inclusion by JP Morgan and Bloomberg Index Services, potentially drawing billions of dollars into local bonds. The London-based index provider also added South Korean government bonds to the … Read more
The Indian central bank's informal instructions to lenders to refrain from betting heavily against the rupee have led some traders to reduce the size of speculative positions and tweak their approach to trading the currency. The Reserve Bank of India's (RBI) instructions to banks on Monday came as the rupee was close to breaching its … Read more
The Indian rupee is expected to rise marginally at open on Wednesday, tracking a recovery on Asian peers and the drop in oil prices, while the Reserve Bank of India's policy decision and the minutes of the last Federal Reserve meeting are also on traders' radar. The 1-month non-deliverable forward indicated that the rupee will … Read more
Two Indian state refiners have bought 2 million barrels of Venezuelan crude from trading house Vitol for November delivery, trade sources said, as shipments to what previously was Venezuela's second largest oil market continue to grow. Indian refiners resumed imports of Venezuelan crude earlier this year after the U.S. Treasury Department authorized transactions for exports … Read more
Gold prices were subdued on Wednesday as investors strapped in for minutes from the Federal Reserve's latest policy meeting for insights into the U.S. central bank's interest rate trajectory. Spot gold held its ground at $2,619.75 per ounce by 0255 GMT, after hitting a two-week low in the previous session. Prices scaled a record high … Read more
The dollar drifted sideways on Wednesday, giving some relief to the yen and other major currencies after a sharp rally to a seven-week high last week, as investors paused to assess the interest rate path outlook for the United States. The New Zealand dollar slumped to its lowest since Aug. 19 at $0.6096, after the … Read more
Chinese shares fell on Wednesday and commodities nursed sharp losses as investors tempered enthusiasm for a Chinese economic recovery, while broader markets steadied on expectations that the U.S. economy can avoid recession and support global demand. The New Zealand dollar fell 0.6% after the central bank cut interest rates by 50 basis points and sounded … Read more
Indian shares are set to open higher on Wednesday ahead of the Reserve Bank of India's policy meeting, at which the central bank is expected to stand pat on interest rates. The Gift Nifty was trading at 25,134, as of 7:45 a.m. IST, indicating that the benchmark Nifty 50 will open above its close of … Read more
As the Reserve Bank of India (RBI) gears up to announce the decision of its Monetary Policy Committee (MPC) meeting on October 9, industry experts on Tuesday said the Central Bank is likely to maintain a status quo on policy interest rates and if food inflation further moderates, a shallow rate cut of 50 bps … Read more
The FIIs as per Tuesday's data were net sellers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 14936.79 crore against gross selling of Rs 23063.49 crore. Thus, FIIs stood as net sellers of Rs 8126.70 crore in equities. In the debt … Read more