Aluminium prices are going to remain between the $2100 and $2300 range largely because of uncertainty of the Chinese economy, said Satish Pai, MD of Hindalco Industries
Mohit Malhotra, Executive Director, Godrej Properties feels that for buyers to start looking for homes, interest rates need to fall to 9 percent.
Most Asian currencies, including the Korean won and the Malaysian ringgit, were up against the dollar today tracking the overall weakness in the greenback.
There is a difference between what the other central banks say and what they do. While the Fed is openly debating whether to begin tapering off the pace at which they expand their balance sheet, in fact several other major central banks have already started shrinking their balance sheets.
Rupee extended its losses and dropeed 33 paise to Rs 59.67/USD on the back of comments from Ben Bernanke's. The RBI draining only one fifth of its Rs 12,000 crore target in an acution to curb liquidity also lead to its weakening.
India's benchmark 10-year bond yield rose 4 basis points to 7.43 percent. Foreign investors were net sellers of USD 64.94 million in domestic debt on Wednesday, according to the latest available regulatory data.
David Lennox of Fat Prophet says the American private sector is not in any condition to cope with weak macro data and the rising interest rates, leading to a weak USD.
China's refinery crude throughput fell three percent in April from March, its lowest daily rate since last September, as refineries entered maintenance season.
Rupee opens lower, in line with weakness in most Asian FX as US fiscal impasse looms, dealer says. The pair at 55.07/08 versus 54.95/96 Monday close.
India today said it is disappointed with the "weak" political will in developed countries to provide developing nations enhanced means of implementation of objectives of Green Economy, which will also be a "green-wash" if the process is not democratised.
Defying prohibitory orders, supporters of Anna Hazare continued with their protest against a "weak" Lokpal Bill for the second day here today.
Trading activity is weak, regulators are cracking down and investment banks worldwide are confronting a stark reality for 2011: the only way to survive and make money is to diversify.
Federal Reserve officials in December felt the US economic recovery was still weak enough to warrant monetary support despite growing signs of strength, Fed meeting minutes released on Tuesday showed