Volatility returned in Indian stock markets after a smooth rally at the start of April month. The current volatility is primarily driven by Foreign Institutional Investor (FII) selling activity. Despite inflows in the primary markets, secondary markets have experienced significant sell-offs
The report says productivity driven growth will contribute to a favourable outlook for India. With inflation projected at 4.5 per cent in the next fiscal and current account deficit forecasted to remain below 1.5 per cent of GDP during the same period.
US Federal Reserve Vice Chair Philip N Jefferson believes it will be appropriate to maintain the current restrictive monetary policy stance, to align inflation with 2 per cent.
Rating agency Moody's believes an interest rate cut at US Federal Reserve June's meeting is likely off the table given stubborn inflation in the country.
US Federal Reserve officials felt that the key interest rate was likely at its peak and it would be appropriate to loosen the monetary policy stance at some point this year, Minutes of its latest policy review meeting showed.
US Federal Reserve officials expect it would not be appropriate to reduce the key interest rate until they gain "greater confidence" that inflation is moving sustainably toward a comfortable 2 per cent, minutes of its latest monetary policy meeting showed.
The US Federal Aviation Administration said on Friday that the earthquake that affected several regions in the US might impact some air traffic facilities in New York, New Jersey, Philadelphia and Baltimore.
Steve Shand from Deltona, Florida, found himself named in a superseding indictment filed in US District Court, District of Minnesota, alongside Harshkumar Ramanlal Patel, an Indian citizen residing in Florida, court documents reveal.
Indian stock indices traded firm Thursday after the opening bell, tracking a global stock rally after the US Federal Reserve, in its latest monetary policy review meeting, maintained its projection of three rate cuts this year.