Search For "monet"
India's gold demand likely to be muted in 2023: World Gold Council
Updated : 3 years, 1 month ago IST
Demand for precious metal gold is expected to be muted in 2023 even as the economic momentum remains healthy and the RBI repo rate hike cycle has paused after a prolonged monetary policy tightening, according to World Gold Council.
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India likely to grow at moderate pace between 6 pc and 6.5 pc in FY24: Del
Updated : 3 years, 1 month ago IST
"Growth in the next year will likely pick up as investment kickstarts the virtuous circle of job creation, income, productivity, demand, and exports supported by favourable demographics in the medium term," said Rumki Majumdar, Economist, Deloitte India.
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ECB hikes interest rates by 25 bps in fight against inflation
Updated : 3 years, 1 month ago IST
In light of the ongoing high inflation pressures, the Governing Council of the European Central Bank (ECB) decided to raise the key interest rates by 25 basis points (100 basis points makes 1 percentage points).
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Multinationals pivot to India, has the Indian economy hit a purple patch?
Updated : 3 years, 1 month ago IST
India's manufacturing industry is taking giant strides; the IT services are dubbed the best in the world; the country is fast emerging as one of the most attractive investment destinations on the planet, and her thriving service sector is witnessing unprecedented demand.
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Indian stock indices open marginally in green after US Fed's rate hike
Updated : 3 years, 1 month ago IST
Strength in Indian stock indices continued from the past few sessions which opened in the green on Thursday, but was limited as US Fed in its fight against inflation raised interest rates by another 25 basis points.
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Banking sector crisis in US tightened credit conditions: Fed Chair
Updated : 3 years, 1 month ago IST
The recent banking crisis in the US appears to have resulted in tighter credit conditions and they are likely to hurt economic activities, said US Federal Reserve Chair Jerome Powell after the two-day monetary policy review meeting where it once again hiked interest rates in their pursuit of
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US Fed's interest rate hike continues in fight against inflation, raises b
Updated : 3 years, 1 month ago IST
The US monetary policy committee, seeking to achieve inflation at the rate of 2 per cent over the longer run, hiked the key interest rate by another 25 basis points to 5.0-5.25 per cent at its latest two-day review meet held during May 2-3.
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IMF's staff-level agreement with Pakistan looks dicey: Report
Updated : 3 years, 1 month ago IST
Amidst very high inflation and extremely low forex reserves, the International Monetary Fund (IMF) bailout plan for Pakistan looks dicey, unless the country makes a strong case for debt sustainability, reported Daily Times.
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Afghanistan receives Euro 1.5 million monetary aid from Ireland
Updated : 3 years, 1 month ago IST
Afghanistan received fresh monetary aid for the Afghanistan Humanitarian Fund (AHF) of Euro 1.5 million for 2023, the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) announced, Khaama Press reported.
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Indian stock indices carry positive momentum from past week
Updated : 3 years, 1 month ago IST
Indian stock indices extended their positive momentum from the past week and opened in the green on Tuesday, largely due to firm GST collections and continued foreign fund inflows in April.
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Asia-Pacific to grow 4.6 pc in 2023; India, China to contribute half of gl
Updated : 3 years, 1 month ago IST
The IMF report said that India and China, the two largest emerging market economies of the Asia-Pacific are expected to contribute around half of global growth this year, with the rest of Asia and Pacific contributing an additional fifth.
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IMF pins hope on India for global economic revival: Report
Updated : 3 years, 1 month ago IST
A few days back, IMF released its much-awaited World Economic Outlook report 'A Rocky Recovery' which had predicted that India would grow 5.9 per cent this year.
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