by Dhara Hariya | Oct 9, 2023 | Forex
The Reserve Bank of India (RBI) maintains its focus on liquidity conditions in monetary policy, with the aim of keeping overnight rates near the marginal standing facility (MSF) rate at 6.75 percent, rather than the repo rate at 6.50 percent. This approach has been...
by Dhara Hariya | Sep 22, 2023 | Forex
The Indian rupee wrapped up the week on a positive note, gaining strength against the US dollar. This surge was fueled by JPMorgan’s announcement of including India’s government bonds in its emerging market index, a move anticipated to attract substantial...
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 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....
by Dhara Hariya | Sep 18, 2023 | Forex
The Indian rupee faced fresh challenges as it closed at a new record low on Monday, despite support from the Reserve Bank of India (RBI), driven by escalating crude oil prices that heightened demand for the U.S. dollar. Closing at 83.2675 against the U.S. dollar,...
