Indian stock indices traded higher on Friday morning, getting support from the US central bank's latest monetary policy stance - which finally paused the interest rate after raising it for over a year.
Barring the latest pause, the US central bank has hiked the interest rate for the tenth consecutive time which was necessitated in the fight against soaring inflation.
"The RBI decision to pause was largely on expected lines. The communication was nuanced and tailored to anchor market expectations for the future in terms of a durable glide path of inflation. The bouquet of policy changes on the development front covers a wide spectrum and prioritizes re
A monetary policy committee headed by RBI governor Shaktikanta Das will hold a three-day-long meeting with its decision be announced on June 8 (Thursday).
American singer-songwriter Taylor Swift is making new records daily because of her massive fan base which enjoys commendable music by the artist. At no cost Swift will allow disrespect to her fans owing to the fact the same incident was observed at her Philadelphia show recently.
Retail inflation in India having moderated sharply in April substantiated the Reserve Bank of India's (RBI) decision to pause the repo rate in its first 2023 monetary policy meeting, according to SBI Research.
The US Federal Reserve on Friday raised interest rates by a quarter of a percentage point and signalled it may pause further increases. The increase lifted the Fed's benchmark federal funds rate to a range of 5 per cent to 5.25 per cent, the highest level since 2007.
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.
The Writers Guild of America (WGA) strike has negatively impacted a lot of projects including the latest drama series 'The Venery of Samantha Bird' as the production of the show is kept on hold for two episodes earlier than the finale.
WFP had paused its life-saving activities after three staff were killed in North Darfur on 15 April, the first day of clashes between the Sudanese army and the rival Rapid Security Forces (RSF). After a few weeks of the incident, WFP resumed its operation.