India’s central bank will likely continue its efforts to curb volatility in the rupee, Finance Minister Nirmala Sitharaman said Tuesday, after recent measures helped the currency rebound from steep losses.
Supermarkets use special offers to draw in sales, while more people buy Halloween products early this yearBusiness live – latest updatesUK grocery price inflation has edged up again as shoppers lean on special offers to keep their costs in check, new figures show.Supermarket prices were 2.5% higher
Federal Reserve Governor Christopher Waller said the surge in long-term US Treasury yields is helping to curb demand in interest-rate-sensitive sectors such as housing and automobiles, doing some of the work of tighter monetary policy.
"Economic and financial stability is your first line of defense," IMF chief Kristalina Georgieva said at an IMF event in Bangkok, urging debt-laden advanced economies to put their fiscal house in order and choose trade diversification over protectionism. (Source: Bloomberg)
Rolling coverage of the latest economic and financial newsSusannah Streeter, chief investment strategist at the broker Wealth Club, says the tech-light nature of the FTSE should give it some protection from the AI sell-off in Asia when the UK’s market opens shortly.The sell-off drama has been concen
The central bank has mandated a 20 per cent reserve on eligible rupee derivative contracts used by authorised dealers to hedge their own currency risks, without a minimum transaction threshold
Blackstone Inc. President Jon Gray warned that fiscal strains in France, the UK and elsewhere in Europe pose a more pressing risk than in the US, where investment in technology is bolstering economic growth.
Bloomberg Economics estimates that India's expanding trade agreements could lift GDP by up to 2.1 per cent by 2035, while stronger exports elsewhere help offset US tariffs
Faster-than-expected economic growth in the UK and a resilient jobs market are evidence that the Bank of England isn’t doing enough to bear down on inflation, rate-setter Megan Greene said.
A country whose economy is expanding faster than those of its peers would typically expect its currency to strengthen. India’s growth has outstripped even that of manufacturing powerhouse China, yet the rupee has weakened every year since 2018.
The IMF has raised India's FY27 growth forecast to 7% from 6.4%, citing resilient domestic demand and robust services activity, and lifted its FY28 projection to 7%
The growth of corporate goods prices in Japan eased again while staying at elevated levels, indicating that inflationary pressure from input costs may have peaked for now and suggesting less urgency for the Bank of Japan to raise interest rates after last month’s hike.