by Dhara Hariya | Sep 20, 2023 | Forex
This week marks a significant juncture for the world’s most influential central banks, with four of them poised to announce monetary policy decisions. Here’s a quick overview of what to expect: Federal Reserve: The Fed is first in line, with an...
by Dhara Hariya | Sep 20, 2023 | Forex
In a move aimed at enhancing data quality and monitoring, the Reserve Bank of India (RBI) has instructed credit information companies (CICs) to establish a common Data Quality Index (DQI) for both commercial and microfinance segments. The introduction of DQIs will aid...
by Dhara Hariya | Sep 20, 2023 | Forex
India Ratings & Research has revised its GDP growth projection for India in 2023-24, increasing it by 30 basis points to 6.2%. However, the agency has issued a warning about the sustainability of current domestic consumption levels. Principal Economist Sunil Sinha...
by Dhara Hariya | Sep 20, 2023 | Forex
The Indian rupee saw a positive turn on Wednesday, thanks to likely dollar sales by the Reserve Bank of India (RBI) and a decline in crude oil prices, which helped prevent the currency from reaching a record low. Closing at 83.0725 against the U.S. dollar, the rupee...
by Dhara Hariya | Sep 20, 2023 | Forex
The U.S. Federal Reserve is poised to maintain its current interest rate range of 5.25% to 5.50%, according to analysts at DZ Bank Research. However, they suggest that despite this anticipated decision, the central bank is likely to signal a forthcoming rate increase....