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Oil Prices Edge Lower On Prospect Of Rising US Interest Rates
Oil prices inched lower on Wednesday on concerns of another U.S. Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August, outweighing support from a robust OPEC oil demand growth forecast.
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Forex Reserves Slump By $2 Billion As RBI Sells Dollars To Defend Rupee
India's foreign exchange reserves slumped by over $2 billion in the week ending August 12, as the Reserve Bank of India intervened to shore up the rupee and keep the currency below 80 per dollar.
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Oil Prices Fall, Taking A Breather A Day After Surging Over $5 A Barrel
Oil prices fell on Tuesday, taking a breather after surging more than $5 a barrel in the previous session as a plunging dollar supported buying interest and on expectations the U.S. Federal Reserve's interest rate hike may be less than thought.
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U.S. Stocks End Down Slightly After Early Boost From Powell; Oil Falls
Major U.S. stock indexes ended down slightly Wednesday, losing early gains tied to remarks by Federal Reserve Chair Jerome Powell that the U.S. central bank is "strongly committed" to bringing down inflation, while sharply lower oil prices weighed on energy shares.
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Oil Prices Slip As US Fed Rate Hike Looms
Oil prices dropped on Wednesday on worries over fuel demand ahead of a US Federal Reserve meeting which is expected to see the central bank to hike rates by at least 75 basis points to combat inflation.
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India's Forex Reserves Rose To Above $600 Billion, Highest Since April
India's foreign exchange (FX) reserves rose by about $3.9 billion to over $600 billion in the week that ended on May 27, providing relief for a country when its largest import, crude oil, remains elevated.
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Biden Sidelined Global Energy Partners With Record Emergency Oil Release: Sources
The group's members have become worried that U.S. President Joe Biden is using the Strategic Petroleum Reserve (SPR) to tamp down rampant domestic inflation for political reasons, instead of protecting consumer countries from a global supply disruption, according to the sources who declined to be identified because of the sensitivity of the topic.
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Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Prices fell after Federal Reserve Chairman Jerome Powell warned the economy could be hurt by attempts to reduce inflation.
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RBI’s First Rate Hike In 4 years, What Becomes Costly?
The RBI has increased the repo rate upto 4.40 per cent from 4 per cent earlier while the cash reserve ratio (CRR) has been hiked by 50 basis points to 4.5 per cent
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RBI Hikes Repo Rate. Here Are Top 5 Quotes From Governor's Speech
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday made a surprise announcement of hiking repo rates by 40 basis points to 4.40 per cent.He cited rising inflation, geo-political tensions and spiralling commodity prices as the main reason behind the move, which was decided in an off-cycle meeting of the monetary policy committee held ...
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RBI Hikes Key Lending Rate To 4.40%, First Time In 4 Years Over Surging Inflation: 10 Points
The RBI on Wednesday raised its key lending rate by 40 basis points to 4.40 per cent with immediate effect. The central bank also hiked the cash reserve ratio by 50 basis points. The decision was taken by the monetary policy committee (MPC) in an off-cycle meeting with the central board held May 2-4.
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Oil Dives 4%, Below $100 On China lockdowns, Reserves Release Plan
Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on worries that the COVID-19 pandemic will cut demand in China and as International Energy Agency (IEA) countries plan to release record volumes of oil from strategic stocks.
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Rupee Extends Losses On A Stronger Dollar And Widening Trade Deficit
The rupee extended its losses on Wednesday as the dollar strengthened after Federal Reserve Governor Lael Brainard said the US central bank needs to act and take inflation head-on.
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Soaring Global Inflation Does Not Fully Reflect Ukraine War's Impact Yet
Inflation has surged sharply in March, according to the latest data from India, the United Kingdom and the United States, but that does not reflect the full impact of the ongoing Russia-Ukraine war, suggesting that the risks are skewed more to the upside for price pressures globally.
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Rupee Falls For The Second Straight Session As Dollar Reigns Supreme
The rupee fell for the second straight session on Tuesday, tracking a decline in equities ahead of inflation data from the US and at home as investors wait to see the impact of the Russia-Ukraine war on domestic price pressures.
-
Oil Prices Edge Lower On Prospect Of Rising US Interest Rates
Oil prices inched lower on Wednesday on concerns of another U.S. Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August, outweighing support from a robust OPEC oil demand growth forecast.
-
Forex Reserves Slump By $2 Billion As RBI Sells Dollars To Defend Rupee
India's foreign exchange reserves slumped by over $2 billion in the week ending August 12, as the Reserve Bank of India intervened to shore up the rupee and keep the currency below 80 per dollar.
-
Oil Prices Fall, Taking A Breather A Day After Surging Over $5 A Barrel
Oil prices fell on Tuesday, taking a breather after surging more than $5 a barrel in the previous session as a plunging dollar supported buying interest and on expectations the U.S. Federal Reserve's interest rate hike may be less than thought.
-
U.S. Stocks End Down Slightly After Early Boost From Powell; Oil Falls
Major U.S. stock indexes ended down slightly Wednesday, losing early gains tied to remarks by Federal Reserve Chair Jerome Powell that the U.S. central bank is "strongly committed" to bringing down inflation, while sharply lower oil prices weighed on energy shares.
-
Oil Prices Slip As US Fed Rate Hike Looms
Oil prices dropped on Wednesday on worries over fuel demand ahead of a US Federal Reserve meeting which is expected to see the central bank to hike rates by at least 75 basis points to combat inflation.
-
India's Forex Reserves Rose To Above $600 Billion, Highest Since April
India's foreign exchange (FX) reserves rose by about $3.9 billion to over $600 billion in the week that ended on May 27, providing relief for a country when its largest import, crude oil, remains elevated.
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Biden Sidelined Global Energy Partners With Record Emergency Oil Release: Sources
The group's members have become worried that U.S. President Joe Biden is using the Strategic Petroleum Reserve (SPR) to tamp down rampant domestic inflation for political reasons, instead of protecting consumer countries from a global supply disruption, according to the sources who declined to be identified because of the sensitivity of the topic.
-
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Prices fell after Federal Reserve Chairman Jerome Powell warned the economy could be hurt by attempts to reduce inflation.
-
RBI’s First Rate Hike In 4 years, What Becomes Costly?
The RBI has increased the repo rate upto 4.40 per cent from 4 per cent earlier while the cash reserve ratio (CRR) has been hiked by 50 basis points to 4.5 per cent
-
RBI Hikes Repo Rate. Here Are Top 5 Quotes From Governor's Speech
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday made a surprise announcement of hiking repo rates by 40 basis points to 4.40 per cent.He cited rising inflation, geo-political tensions and spiralling commodity prices as the main reason behind the move, which was decided in an off-cycle meeting of the monetary policy committee held ...
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RBI Hikes Key Lending Rate To 4.40%, First Time In 4 Years Over Surging Inflation: 10 Points
The RBI on Wednesday raised its key lending rate by 40 basis points to 4.40 per cent with immediate effect. The central bank also hiked the cash reserve ratio by 50 basis points. The decision was taken by the monetary policy committee (MPC) in an off-cycle meeting with the central board held May 2-4.
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Oil Dives 4%, Below $100 On China lockdowns, Reserves Release Plan
Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on worries that the COVID-19 pandemic will cut demand in China and as International Energy Agency (IEA) countries plan to release record volumes of oil from strategic stocks.
-
Rupee Extends Losses On A Stronger Dollar And Widening Trade Deficit
The rupee extended its losses on Wednesday as the dollar strengthened after Federal Reserve Governor Lael Brainard said the US central bank needs to act and take inflation head-on.
-
Soaring Global Inflation Does Not Fully Reflect Ukraine War's Impact Yet
Inflation has surged sharply in March, according to the latest data from India, the United Kingdom and the United States, but that does not reflect the full impact of the ongoing Russia-Ukraine war, suggesting that the risks are skewed more to the upside for price pressures globally.
-
Rupee Falls For The Second Straight Session As Dollar Reigns Supreme
The rupee fell for the second straight session on Tuesday, tracking a decline in equities ahead of inflation data from the US and at home as investors wait to see the impact of the Russia-Ukraine war on domestic price pressures.
