The Fed is widely expected to leave interest rates unchanged, but the central bank’s accompanying statement could have a significant impact on the outlook for rates. Fed Chair Jerome Powell and his colleagues will update their economic and rate projections later in the day.
Posts in category Business Standard
HDFC Bank raise Rs 2910 cr via issue of infra bonds (20-03-2024)
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Hong Kong Market closes inch higher (20-03-2024)
People Bank of China (PBOC) left benchmark lending rates unchanged at a monthly fixing on Wednesday, after the central bank kept a key policy rate steady last week amid some signs of improvement in the broad economy. The one-year loan prime rate (LPR) was kept at 3.45%, while the five-year LPR was unchanged at 3.95%.
Freshtrop Fruits fixes record date for buyback of shares (20-03-2024)
Record date is 02 April 2024
Quick Wrap: Nifty Energy Index gains 1.07% (20-03-2024)
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China Market rebounds 0.55% (20-03-2024)
At close of trade, the benchmark Shanghai Composite index advanced 0.55%, or 16.93 points, to 3,0479.69. The Shenzhen Composite Index, which tracks stocks on China’s second exchange, added 0.61%, or 10.91 points, to 1,806.51. The blue-chip CSI300 index climbed up 0.22%, or 7.75 points, to 3,585..
Barometers end with small gains; oil & gas shares advance (20-03-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex, was up 89.64 points or 0.12% to 72,101.69. The Nifty 50 index rose 21.65 points or 0.10% to 21,839.10.
Board of HUDCO approved fund raising up to Rs 40,000 cr in FY 2024-25 (20-03-2024)
Also approved increase in overall borrowing limit of Rs 1,50,000 cr
Australia Market inches lower ahead of Fed decision (20-03-2024)
The Fed is widely expected to leave interest rates unchanged, but the central bank’s accompanying statement could have a significant impact on the outlook for rates. Fed Chair Jerome Powell and his colleagues will update their economic and rate projections later in the day.
INR is appreciating and is among the least volatile currencies: RBI Bulletin (20-03-2024)
The Indian rupee (INR) appreciated by 0.2 per cent (m-o-m) vis-vis the US dollar in February 2024 while other major currencies experienced depreciating pressures. Furthermore, the INR was one of the least volatile major currencies during February 2024 The INR has been bolstered by a pick-up in foreign direct investment (FDI) by 11.4 per cent year on-year (y-o-y) in October-December 2023. Mergers and acquisitions jumped 78 per cent in terms of deal value in January 2024. Portfolio inflows during April-mid March 2023-24 accounted for a fifth of all such flows to EMEs. Meanwhile, the inclusion of Indian sovereign bonds in global bond indices is spurring a strong demand for offshore rupee-denominated bonds issued mostly by multilateral institutions seeking exposure to India.