US Federal Reserve

  • Rupee slumps 39 paise to end at 61.34 Vs US dollar 20-03-2014 09:48 AM

    Mumbai: The rupee on Thursday depreciated 39 paise, logging its biggest daily loss in nearly two months, to end at 61.34 versus the dollar on fears of capital outflows from emerging markets after Federal Reserve chief signalled a sooner than expected hike in US benchmark interest rates. On Wednesday night,...
  • Sensex loses 93 points to end at 21,740.09 20-03-2014 09:39 AM

    Mumbai: The benchmark Sensex on Thursday closed 93 points down at its lowest level in two weeks on selling in banking, capital goods and power shares in line with weakness in global markets rattled by fears that the US Fed may hike interest rates sooner-than-expected. The Sensex, which had gained...
  • Gold steady, but set for biggest annual loss in three decades 26-12-2013 03:33 PM

    Gold was little changed on Thursday in thin year-end trade, but looked set to post its biggest annual loss in more than three decades as rallying equities and optimism about a global economic recovery dented its safe-haven appeal. Worries this year that the US Federal Reserve will begin unwinding its...
  • Rupee down 30 paise against dollar in early trade 13-12-2013 09:48 AM

    Mumbai: The rupee fell by 30 paise to trade at 62.13 against the US dollar in early trade on Friday at the Interbank Foreign Exchange market on strong demand for the American currency from importers. The domestic unit had lost 58 paise to close at 61.83 against the dollar in...
  • Rupee up 70 paise, closes at 62.41 versus US dollar 18-11-2013 06:16 PM

    The rupee notched up its biggest single-day gain in nearly seven weeks on Monday, buoyed by hopes strong foreign fund flows would support local markets as global risk assets got a boost from China's ambitious economic reforms agenda and monetary stimulus in the United States looked set to continue. The...
  • GDP growth seen between 5-5.5 pc in 2013/14, says Chidambaram 15-11-2013 09:18 PM

    India is likely to achieve an economic growth of between 5-5.5 per cent in this fiscal year, the finance minister said on Friday, despite wide expectations of growth slipping below 5 per cent by private economists. India's growth slowed to 5 percent in the 2012/13 fiscal year that ended in...
  • RBI Governor Raghuram Rajan may raise policy rates yet again 23-09-2013 10:00 AM

    Reserve Bank of India Governor Raghuram Rajan may raise policy rates again after shocking markets by increasing them in only his first meeting, signalling he is willing to risk prolonging what is already the lowest economic growth in years in order to quash persistent inflation. Raising the repo rate by...
  • The Last Word: Has the US federal reserve move brought an end to India's economic worries? 19-09-2013 10:15 PM

    The rupee surged 2.6 per cent on Thursday, hitting its highest in nearly five weeks, as the US Federal Reserve's decision not to dial back its easy money policy is expected to provide a reprieve to the Reserve Bank of India (RBI) in its policy making. ...
  • After US Fed's move, rupee rallies to near 5-week high, closes at 61.77 19-09-2013 06:20 PM

    The rupee surged 2.6 percent on Thursday, hitting its highest in nearly five weeks, as the US Federal Reserve's decision not to dial back its easy money policy is expected to provide a reprieve to the Reserve Bank of India (RBI) in its policy making. The rupee, which was among...
  • SBI increases its minimum rate of lending to 9.80 per cent 19-09-2013 06:14 PM

    The SBI on Thursday increased its minimum rate of lending to 9.80 per cent and made the loans costlier. ...
  • US Fed surprises, sticks to stimulus as it cuts growth outlook 19-09-2013 02:33 PM

    The US Federal Reserve defied investor expectations on Wednesday by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth. Investors responded by propelling USstocksto record highs and driving down bond yields. Yields on US Treasury...
  • SBI increases its minimum rate of lending to 9.80 per cent, makes loans costlier 19-09-2013 11:39 AM

    The country's largest lender, State Bank of India, on Thursday said it increased its base rate, or the minimum rate of lending, to 9.80 per cent, a day ahead of the RBI's policy review. "State Bank of India has revised the base rate by 0.10 per cent from 9.70 per...
  • US Federal Reserve surprises, sticks to bond-buying stimulus as it cuts growth outlook 19-09-2013 08:10 AM

    The US Federal Reserve defied investor expectations on Wednesday by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth. Investors responded by propelling US stocks to record highs and driving down bond yields. Yields on...
  • PMEAC Chairman Rangarajan for curbs on speculation to check rupee fall 06-08-2013 07:38 PM

    New Delhi: Speculative activities in the forex market should be curbed and short-term measures are needed to take corrective action to arrest the fall in the rupee, which hit an all-time low, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said on Tuesday. The rupee dropped to a record...
  • Eurozone crisis: Joint action by 6 Central banks 30-11-2011 08:37 PM

    New Delhi: Central banks from six developed nations had to resort to coordinated action on November 30 to ensure that the European debt crisis did not fundamentally destablise the global financial system. Europe's rolling debt crisis continues to trouble economies and markets. To prevent a lack of liquidity in the...
  • Asia stocks gain on Fed hopes, China PMI firms 01-09-2011 08:53 AM

    Melbourne: Asian stocks pushed higher in early trade on Thursday in line with a firmer tone on Wall Street, extending a recovery from a sharp sell-off in August on hopes the US Federal Reserve will intervene in markets to support the economy. Global markets have gained strength in recent days,...
  • US Fed to pump in $ 600 bn into the economy 04-11-2010 12:47 PM

    New York: In its latest move to jump start the sluggish recovery, the Federal Reserve announced it will pump billions into the economy. The central bank will buy $ 600 billion in long-term Treasuries over the next eight months, the Fed said on Wednesday. The Fed also announced it will...
  • Citibank survives after US Fed's biggest bailout yet 25-11-2008 02:09 AM

    Citigroup shares surged as much as 72 per cent on the news on Monday ...
  • Fed Reserve Chairman gives weak economic forecast 03-04-2008 10:08 PM

    Durban: Sri Lanka pounced on South Africa's dismal recent record at Kingsmead to bowl the home team out for 168 in the second Test on Tuesday and move into a commanding 177-run first-innings lead at stumps on the second day. Left-arm seamer Chanaka Welegedara took 5-52 to rip through South...
  • US Fed Reserve cuts discount rate 17-03-2008 12:53 PM

    New Delhi: West Indies captain Darren Sammy praised his bowlers for bundling out a strong Indian batting line-up for a meagre total, and said they would be looking to set a 350-plus target for the home team in the fourth innings of the ongoing first Test. Sammy said his bowlers'...