Global inflation is finally on the rise but the data do not yet point firmly to that conclusion, suggesting the financial crisis may linger for a while.
US import prices rose more than expected in Jan as the cost of imported petroleum and a range of other goods increased, which could boost inflation in the coming months.
Yuan will erase most of its substantial gains so far in 2018 against the dollar, provided the US Federal Reserve delivers at least three interest rate hikes .
California will block the transportation through its state of petroleum from new offshore oil rigs, a move meant to hobble the Trump administration’s effort.
The RBI kept its key repo rate at 6 pc, and also retained its “neutral” stance, seeking to support economic growth even as inflation has accelerated to a 17-month high.
The Reserve Bank opted for the widely expected status quo in key rates citing inflation concerns and flagged risks from wider fiscal deficit.
The correction will continue to take place until equity returns balance out with bond yields. That should imply a sustained downward trend in the stock markets.
Jerome Powell took the oath of office on Monday as Chairman of the US Federal Reserve, succeeding Janet Yellen.
The Bank of England will find itself facing a question next week that is set to trouble many other central banks this year.
India market cooled off on Thursday for the week. Markets ended up with key indices gaining. Key events to look out for in the week ahead:
US dollar ends higher against rupee
Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.
Following are the Interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.21/22 US Dollar Rs 63.9097 Pound Sterling 90.34/36 Euro Rs 80.1683 Euro 80.18/20 Japanese Yen (100) 60.50/52
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