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Business  /  Published 01.08.22

Expectation of moderate RBI rate hike

■ Hikes in the region of 25-35 basis points (bps) or even 50bps ■ A marginal fall in retail inflation in June may influence monetary policy panel ■ Crude rates are falling, along with ocean fr...
By Our Special Correspondent in Mumbai

Business  /  Published 30.07.22

Rupee hardens, biggest gain in a year

The rupee rallied by 51 paise against the US dollar, its biggest single-day gain in nearly a year, as the US economy contracted for the second straight quarter, magnifying fears that the US could tumb...
By Our Special Correspondent in Mumbai

Business  /  Published 29.07.22

Fed denies recession, stocks soar

Quarterly GDP growth data of the US economy is, however, pointing towards a slide towards recession.US growth contracted for the second successive quarter to 0.9 per cent in April and June from 1.6 pe...
By Our Special Correspondent in Mumbai

Business  /  Published 16.07.22

Forex reserves hit 15-month low

India’s foreign exchange reserves have fallen to a 15-month low reflecting the cost of braking the decline of the rupee against the super-charged dollar that is going from strength to strength. ...
By Paran Balakrishnan in New Delhi

Business  /  Published 14.07.22

Fear of dollar flight grows

The rupee continued to falter at record lows and approach the 80-per-dollar mark as the greenback maintained its bull run and participants awaited the release of key inflation numbers from the US. At ...
By Our Bureau in Mumbai

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Business  /  Published 29.06.22

It’s down, down, down for the rupee

The rupee has crashed past 79 to the dollar to hit a fresh all-time low and analysts say the currency has further to fall as it reels from a continued selloff in equity markets and high crude oil pric...
By Paran Balakrishnan

Business  /  Published 17.06.22

Scramble to raise rates in Europe

Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings...
By Reuters in Bern

Business  /  Published 17.06.22

US recession fears drive down stocks

A dovish commentary from the US Federal Reserve could not prevent another blowout on the stock markets with benchmark indices hitting fresh 52-week lows on concerns over a recession in the US. The Se...
By Our Special Correspondent in Mumbai

Business  /  Published 16.06.22

Sensex falls 1,046 pts

Equity indices faced heavy drubbing on Thursday after an initial rally, with the Sensex tanking 1,045.60 points amid a largely bearish trend overseas after the US Federal Reserve hiked rates by 75 bas...
By Our Bureau, PTI in Mumbai

Business  /  Published 16.06.22

US: highest rate hike since 1994

The US Federal Reserve has raised interest rates by three-quarters of a percentage point on Wednesday, its biggest move since 1994, as the central bank ramps up its efforts to tackle the fastest infla...
By Jeanna Smialek in New York


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