Tag: federal reserve
US jobless claims inch down as labour market remains tight
WASHINGTON: The labour market continues to defy Federal Reserve attempts to cool hiring, with US applications for unemployment benefits down again last week and remaining…
Rupee news: Currency risks a concern for India: Moody’s Analytics
Currency risks could deter India’s recovery leading RBI to raise rates and slowing down the economy, Moody’s Analytics pointed on Thursday. Affirming that the outlook…
US weekly jobless claims fall; monthly producer prices rebound
WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering more evidence of the economy’s resilience despite tighter monetary…
india trade deficit: India current account gap seen smaller on narrower trade deficit, record service surplus
India’s narrowing merchandise trade deficit and widening service trade surplus have prompted some economists to lower their estimates for the country’s current account gap for…
forex reserves: India’s forex reserves drop by $1.5 billion to $575.3 billion as on February 3
India’s foreign exchange reserves fell for the first time in four weeks, dropping to $575.27 billion in the week ended February 3, Reserve Bank of…
US added a strong 517,000 jobs in January despite Fed hikes
WASHINGTON: America’s employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve‘s aggressive drive to slow…
Shares set to rise amid Adani Group’s share sale, ahead of Budget 2023
Indian shares are set to open higher on Tuesday, the final day of Adani Enterprises’ mega secondary share sale and a day ahead of the…