By Anushree Ashish Mukherjee (Reuters) – Gold prices held steady on Tuesday as investors remained cautious ahead of U.S. inflation data due later in the week, which could provide more insights into the Federal Reserve’s policy path. Spot gold was steady at $2,028.29 per ounce as of 12:53 p.m. ET (1753 GMT), after hitting its …
Gold steady as the market eyes U.S. inflation data Read More »
AHMEDABAD, India (Reuters) – Dutch and Singapore firms are set to commit $7.19 billion in investments in India during a investors’ summit in Prime Minister Narendra Modi’s home state of Gujarat, months before a national election. Modi will address thousands of investors on Wednesday at the start of the three-day Vibrant Gujarat Global Summit where …
Dutch, Singapore firms set to invest $7 billion in India Read More »
By Sarita Chaganti Singh, Nikunj Ohri and Mayank Bhardwaj NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi’s government is considering doubling the annual payout to landowning female farmers to 12,000 rupees ($144), three sources with knowledge of the matter told Reuters, a move likely to appeal to women voters ahead of a general election. The …
Exclusive-India eyes doubling cash handout for women farmers ahead of vote – sources Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares closed higher on Tuesday, led by a jump in auto stocks, but surrendered a lot of their gains in the final hour of trade due to a drop in financials on concerns of moderating earnings growth. The blue-chip NSE Nifty 50 ended 0.15% higher to 21,544.85 points, while …
Financials rein in Indian shares’ auto stocks-driven jump Read More »
By Milounee Purohit BENGALURU (Reuters) – India’s retail inflation likely edged up in December on higher food prices but stayed within the Reserve Bank of India’s target range for a fourth consecutive month, according to a Reuters poll of economists. Food prices, which account for about half of the inflation basket, rose in November and …
India Dec inflation likely picked up to 5.87% on rising food costs – Reuters poll Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended little changed on Tuesday after dollar demand from state-run banks ate into the local unit’s early gains in light of a proposal to include eligible Indian bonds in the Bloomberg Emerging Market Local Currency Index. The rupee ended at 83.1150 against the U.S. dollar, barely …
Rupee closes little changed, awaits key US inflation data Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s coffee exports are likely to rise as much as 10% in 2024 as a rally in global prices prompts European buyers to pay premiums in order to increase purchases from the country, industry officials told Reuters. The South Asian country – famous as a tea producer – is …
Indian coffee exports set to surge thanks to global price rally Read More »
By Bhakti Tambe MUMBAI (Reuters) – India’s largest private port operator, Adani Ports and Special Economic Zone, entered the bond market for the first time in over two years on Monday, with the issue garnering strong demand. The fundraising follows the Supreme Court’s decision that the group is not required to undergo additional investigations beyond …
Adani Ports’ first bond issue in over 2 years lapped up, more coming – bankers Read More »
MUMBAI (Reuters) – Bloomberg Index Services on Monday proposed including eligible Indian bonds in its emerging market local currency index from September, a move that could lead to billions of dollars of inflows into the country. The proposal comes just a few months after JPMorgan said it would include India in its widely tracked emerging …
India bonds may be included in Bloomberg EM index from Sept -statement Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices fell to a three-week low on Monday, pressured by elevated Treasury yields as expectations for an imminent Federal Reserve interest rate cut faded, with investors looking ahead to this week’s U.S. inflation data for more clarity. Spot gold was down 0.9% at $2,028.03 per ounce by 2:25 …
Gold retreats to three-week low ahead of US inflation data Read More »
