WEAKER
'No one weaker than Lalu Yadav...': BJP's Giriraj Singh on RJD chief's 'Modi govt is weak' jibe
New Delhi: Union Minister Giriraj Singh trained guns at Rahul Gandhi’s visit to Hathras and called it a political tour. "Rahul Gandhi going to Hathras was a political tour and nothing else. Those who are investigating have said that no one will be spared ...
Gold price surge on weaker-than-expected US jobs report
The US services sector faced an unexpected contraction in the last quarter, with the ISM services gauge dropping to 48.80, marking the fastest pace of decline in four years. This contrasts with the S&P Global US Services Index, which reached its highest level since April 2022 at 55.30.
Rupee ends lower pressured by weaker yuan, importer dollar bids
Rupee under pressure as economy cools and FX reserves build up. Investors expect U.S. rate cuts, impacting rupee. Despite importers' dollar demand, rupee may strengthen with inflows. Interest rate futures hint at rate cuts ahead, influencing market sentiment.
China's yuan slumps to seven-month low on weaker guidance
Markets react to the Federal Reserve's uncertain policy outlook as the dollar's index strengthens. JOLTS job openings data release creates anticipation in the market, impacting offshore yuan's trading, marking a volatile market sentiment.
Oil prices inch down on weaker US consumer demand ahead of China data
Oil prices slipped on weaker U.S. consumer demand. China's economic data indicated deflation, impacting markets in Singapore and other countries.
Rs 15,000 crore gone! Check out 3 reasons why a weaker Modi 3.0 still won't scare FIIs
Around Rs 15,000 crore has been withdrawn by FIIs from India in the last four days amid election uncertainties, causing concern on Dalal Street about the impact of a weaker Modi 3.0 mandate on further outflows.
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Weaker BJP in power won't increase borrowing in July budget, says Kotak Mahindra Bank
Budget 2024: A weaker majority for Prime Minister Narendra Modi's alliance may lead to increased welfare spending without the need for additional borrowing, potentially limiting a rise in bond yields, according to a senior executive at Kotak Mahindra Bank . The government is expected to utilize a large dividend from the Reserve Bank of India for welfare schemes, rather than increasing gross borrowing in the upcoming budget. Despite concerns of populist measures, the executive rules out a supply cut in bonds and forecasts the 10-year benchmark yield to remain below 7.10% over the next six months.
A weaker Modi government will slow India's fiscal tightening, Moody's says
Indian PM Modi's narrower election victory limits aggressive fiscal reforms, per Moody's analyst Christian de Guzman. BJP secured 240 seats, with NDA totaling 293. Despite this, fiscal consolidation will persist, but populist spending risks increase. India's fiscal deficit target is 4.5% by 2025/26. Bond yields surged post-election, and Moody's sees stable economic prospects.
Modi 3.0 mandate may be weaker, but Indian economy has a robust growth outlook: Fitch Ratings
Fitch Ratings has maintained a positive outlook on India's medium-term economic growth, citing substantial government capital expenditure and strengthened corporate and bank balance sheets. The BJP-led NDA is likely to form the next government, and India's strong medium-term growth outlook is expected to remain intact.
General elections 2024: A weaker mandate to impel policy reset
The underwhelming election results reflect voters' focus on economic and livelihood issues over free-food distribution. The need for productive employment is becoming a dominant necessity in policy considerations.
Modi govt's fiscal consolidation pace post-Covid worse than peers? Moody's report flags weaker fiscal, debt metrics
Moody's rating agency has pointed out that India's fiscal consolidation following the Covid-19 pandemic has lagged behind when compared to its peers. This includes several emerging markets in the Asia-Pacific region.
US stocks slip in choppy trading after weaker jobs data
Oil companies Exxon Mobil and Chevron dropped 2.3% and 1.5%, respectively, as demand concerns weighed on crude prices. Energy stocks led S&P 500 sectoral declines with 1.5% fall. Small-cap stocks, typically more sensitive to economic expectations, declined 1.2%, while the rate-sensitive real estate sector gained 0.9%.
Bank Nifty better poised to head higher right now: Rohit Srivastava
A lot of the recent action is due to what we are seeing in global markets as well. So, I am not sure how much of it is solely related to the upcoming elections. However, there is some short-term risk if we close below, say, 22,550, where we are right now.
Rupee closes mildly weaker, forward premiums slip
The Indian rupee closed slightly down on Monday, unable to build on recent gains as local dollar demand pressured the currency even as most of its Asian peers rose.
PM's charge that Congress will run bulldozer on Ram temple 'complete lie': Mallikarjun Kharge
Kharge refutes BJP's claims, defends Congress' inclusive policies and initiatives, and justifies calls for reservation ceiling raise, caste census, and five-year plans.
US industrial production weaker than expected in April
US factory output remained unchanged in April, disappointing analysts who had anticipated a third consecutive monthly increase, as per Federal Reserve data released on Thursday. Industrial production showed no growth last month, down from a revised 0.1 percent rise in March. This data contradicts expectations of a gradual manufacturing sector recovery. Manufacturing output declined by 0.3 percent compared to the previous month, with notable drops in motor vehicles, parts, and electrical equipment. Mining output fell by 0.6 percent, while utilities saw a 2.8 percent rise.
Rupee gains but lags behind Asian peers, forward premiums rise
The rupee was at 83.46 against the U.S. dollar as of 09:40 a.m. IST, up from its previous close at 83.50.
Oil prices slide 1% to 11-week low on weaker IEA 2024 demand forecast
Crude prices slid about 1% to an 11-week low on Wednesday after data from the International Energy Agency (IEA) showed oil demand in developed countries likely would flag this year.
147 candidates qualify Indian Forest Service examination: UPSC
UPSC announced 147 qualifiers for the 2023 Indian Forest Service exam. Top scorers: Ritvika Pandey, Kale Pratiksha Nanasaheb, Swastic Yaduvanshi. 51 candidates have provisional candidature. Queries can be addressed at the 'facilitation counter' or website.
Rupee ends weaker pressured by oil cos' dollar buys, forward premiums inch up
The Indian rupee ended lower on Monday as dollar demand from local oil companies and other importers, pressured the local currency even as most of its Asian peers gained.
Bunge Q1 Results: Profit falls on weaker agribusiness results, shares drop
Agricultural commodities trader Bunge Global reported a smaller-than-expected decline in first-quarter profit on Wednesday as good oilseed processing results in Europe and Asia blunted the impact of weaker grain trading margins.
UK's FTSE 100 hits record peak on weaker pound; Associated British Foods surges
The UK's blue-chip share index cruised to record highs on Tuesday, helped by a weaker pound and positive corporate updates, while investors focussed on earnings from U.S. tech giants this week.
Gold extends record rally on safe-haven appeal, weaker dollar
Spot gold edged 0.2% higher to $2,283.47 per ounce, as of 0055 GMT, after hitting an all-time high of $2,288.09 earlier in the session.
Japanese shares rise on weaker yen, demand for high-dividend stocks
BOJ board member Naoki Tamura said the central bank must proceed slowly but steadily towards normalising its ultra-loose monetary policy.
Gold advances on weaker dollar ahead of US inflation test
Gold prices climbed on Tuesday, buoyed by a weaker U.S. dollar, while investors waited for data due later in the week to reveal underlying inflation trends that will help gauge the Federal Reserve's interest-rate stance.
Japan's Nikkei hits record high on Wall Street gains, weaker yen
The Nikkei rose to as high as 41,087.75 earlier in the session, crossing the 41,000 level for the first time. The index ended 0.07% higher at 40,844.53 by the midday break.
Rupee closes weaker tracking Asian peers, notches weekly decline
The Indian rupee closed lower on Friday, tracking a fall in Asian peers, after U.S. bond yields surged in light of data that signalled inflation in the world's largest economy could be sticky.
HC modifies order on raising income threshold from Rs 1 lakh to Rs 5 lakh yearly to admit students under EWS quota
A bench of Acting Chief Justice Manmohan and Justice Manmeet PS Arora stayed certain directions issued by a single judge of the high court in the December 5, 2023 judgment which had raised the threshold income limit from Rs 1 Lakh to Rs 5 lakh annually until the government amended the relevant law.
Gold edges higher on safe-haven demand, weaker dollar
Gold prices edged up on Thursday supported by safe-haven demand amid rising geopolitical tensions in the Middle East and a softer dollar, while minutes of the latest U.S. Federal Reserve meeting dampened hopes for an early interest rate cut.
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