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India Inc hails Govt’s policy initiatives after meeting with FM in Washington

New Delhi, Oct 16 (IANS) Indian industry leaders have hailed the Government’s efforts towards digitalisation. After meeting Finance Minister Nirmala Sitharaman in Washington on Saturday, representatives of several Indian companies said that many countries aim to learn from initiatives like UPI and RuPay. C.T. Lakshmanan, President of Tech Mahindra (NS:) Americas, said that the discussions …

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JPMorgan Waiting for Policy Risk to Ease By Investing.com

© Reuters. By Sam Boughedda JPMorgan analysts told investors in a note Monday that the firm is waiting for policy risk to ease. They clarified that JPMorgan still believes Asian growth will be supportive of the global cycle and low investor positioning provides a floor to the market. However, reiterating comments made in a memo …

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Decoding RBI’s Policy: Analysts’ On Future Rate Hikes & Volatility Outlook

By Malvika Gurung Investing.com — The Reserve Bank of India’s MPC announced a 50 basis points rate hike on Friday, the third time in a row and stuck with its ‘Withdrawal of Accommodation’ stance, in efforts to arrest the sky-high inflation under the target 2-6% tolerance band. Here’s how different analysts read the central bank’s …

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Pound Rises as BoE’s Pill Says Fiscal News Needs “Significant” Policy Response

By Geoffrey Smith  Investing.com — The U.K. government’s new package of unfunded tax cuts will most likely require higher interest rates, a top Bank of England official said on Wednesday. The outlook for the U.K. has changed abruptly in the wake of Kwasi Kwarteng’s so-called ‘mini-budget’, Reuters reported the Bank’s chief economist Huw Pill as …

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Indices end lower on caution ahead of Fed policy announcement

Mumbai, Sep 21 (IANS) Benchmark indices ended lower on Wednesday as most investors remained cautious ahead of US Federal Reserve policy announcement, dealers said. At close, ended down 262.96 points or 0.44 per cent at 59,456.78, while closed 97.90 points or 0.55 per cent at 17,718.35. About 2175 shares declined, 1,283 shares advanced while 129 …

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Fed’s Policy Outcome & Powell’s News Conference: Key Timings & What to Expect?

By Malvika Gurung Investing.com — The US Federal Reserve will be releasing its two-day on Wednesday, along with the updated quarterly economic projections that will provide insights on how intensely and how fast the interest rates will need to be raised to tame the decades-high inflation. Most investors and market analysts expect the US Fed to …

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D-Street Follows Global Trend, Ends Lower Ahead of Fed’s Policy Outcome

By Malvika Gurung Investing.com — The domestic market ended the volatile session lower on Wednesday amid weak global cues ahead of the US Federal Reserve’s two-day rate hike policy meeting outcome scheduled for later in the day. Indian equity benchmark indices ended 0.55% lower and lost 262.96 points or 0.44% in the session as markets expect …

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Rupee ends 23 paise down ahead of Fed policy announcement

Mumbai, Sep 21 (IANS) The Indian rupee ended 23 paise lower at 79.98 as most traders were in risk-averse mode ahead of Fed policy announcement, dealers said. At Interbank foreign exchange market, rupee ended at 79.98 as against 79.75 close on the previous trading session against the US dollar. “The rupee closed at a record …

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