The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting is expected to again put a pause on the repo rate, according to SBI Research. In its December meeting, the RBI unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining the status quo […]
Oil prices weakened slightly on Friday, but remain set for a second weekly gain as positive US economic growth and signs of Chinese stimulus boosted demand sentiment, while Middle East supply concerns added further support. Brent crude futures were down 94 cents at USD 81.50 a barrel by 12:12 a.m. ET (17:12 GMT), having set […]
Gold held its ground on Tuesday after touching a six-month peak, buoyed by expectations the US Federal Reserve has concluded its interest rate hikes, ahead of the release of key economic data. Spot gold was steady at USD 2,013.59 per ounce by 1306 GMT, after hitting its highest since May 16 earlier in the session. […]
Minutes of the latest monetary policy meeting of the US Federal Reserve showed participants noted that inflation data over the past three months moderated consistently but more evidence of broad-based progress would be required to be confident enough that it was on a sustained downward path. Participants noted that core goods prices had declined notably […]
