analysts
The Reserve Bank of India is likely to raise its key policy rate by upto 60 basis points by
the end of 2022, before pausing, but the pace of rate hikes is likely to slow down, ...
The Reserve Bank of India's key policy repo rate was raised by 50 basis points on Friday, the third increase in the current cycle to cool stubbornly high inflation that has remained above the central bank's tolerance band for six straight months.
* Stocks rise 0.9%, seen ending week up 1% * EM stocks to deliver mid-single-digit positive returns - UBS. * Romania central bank seen hiking rate by 100 bps. * India cenbank hikes by 50 bps, rupee flat. By Susan Mathew.
The Reserve Bank of India, the Indian central bank, hiked the repo rate by 50 basis points to 5.4% as the Monetary Policy Committee agreed on the withdrawal of accommodation so that inflation remains within the target going forward while supporting growth. RBI Governor Shaktikanta Das stated that external debt to GDP fell from 21.2 in March 2021 to 19.95 in March 2022.
The Indian rupee fell below the 79.5 mark against the dollar on Thursday morning Asia session as the country's trade deficit widened to a record $31 billion. What Happened: Government intervention in exporting petroleum products and other commodities in the wake of higher inflation and local demand is understood to have contributed to the widening of the trade deficit.
Condor Gold (CNDGF) is pleased to announce that it has received the final results of metallurgical tests for a Feasibility Study being conducted on the La India Open Pit from Bureau Veritas Laboratories in Richmond, British Columbia.
Russia became India's third-largest coal supplier in July, with imports rising by over a fifth compared with June to a record 2.06 million tonnes, data from Indian consultancy Coalmint showed.
REUTERS GLOBAL MARKETS FORUM
Mark Haefele, chief investment officer, UBS Global Wealth Management, speaks on global
inflation, policy and markets outlook. To join the conversation at 1900 IST, ...
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