Nov 27, 2015 at 14:02 | Source: Reuters
All 45 economists surveyed expected the RBI to stand pat at its policy review on Tuesday, while the range of forecasts for gross domestic product growth for the latest quarter was between 6.9-7.6 percent, with the median at 7.3 percent. The GDP data is set to be released on Monday.
Nov 27, 2015 at 10:09 | Source: Reuters
The Federal Reserve is widely expected to hike US rates for the first time in nearly a decade when it meets next in December. Investors believe higher rates could dent demand for non-yielding bullion, while boosting the dollar.
Nov 27, 2015 at 09:34 | Source: Reuters
A firmer US dollar also weighed on oil, making greenback-denominated contracts more expensive for holders of other currencies. Although trading was quiet after Thanksgiving Day in the United States.
Nov 26, 2015 at 09:49 | Source: Reuters
Gold had seen some safe-haven bids earlier in the week after Turkey downed a Russian fighter jet, stoking tensions between the two countries, but have faded since as investors fretted over the US rate hike.
Nov 26, 2015 at 08:16 | Source: Reuters
Anemic consumer spending did little do change expectations that the Federal Reserve will raise interest rates next month as other data on Wednesday showed a surge in business spending plans in October and a drop in new applications for unemployment benefits last week.
Nov 26, 2015 at 08:09 | Source: CNBC
"Next week could be one of the most important weeks of the whole year," said Marc Chandler, head of foreign exchange strategy at Brown Brothers Harriman.
Nov 25, 2015 at 20:38 | Source: Reuters
Anemic consumer spending will probably do little do change expectations that the Federal Reserve will raise interest rates next month as other data on Wednesday showed a surge in business spending plans in October and a drop in new applications for unemployment benefits last week.
Nov 25, 2015 at 18:16 | Source: Reuters
Turkey shot down the Russian jet near the Syrian border on Tuesday, saying the plane had violated its air space, in one of the most serious publicly acknowledged clashes between a NATO member country and Russia for half a century.
Nov 25, 2015 at 14:43 | Source: PTI
It further said that weak global cues and an impending US rate hike may also have an impact on Indian businesses.
Nov 24, 2015 at 10:27 | Source: Reuters
Crude imports from points east of India, mainly Malaysia and Australia, surged to 187,000 barrels per day (bpd) in October, the highest since April 2014, according to ship tracking data obtained from sources and compiled by Thomson Reuters Oil Research & Forecasts.