RBI backs crypto containment and keeps ban on table, officials tell house panelThe Reserve Bank of India has strongly advised a prohibition strategy for crypto assets, recommending that banks and financial institutions...
Fed can afford to stay patient as inflation risks ease: Steve EnglanderThe Federal Reserve is unlikely to alter interest rates soon, as inflation moderates and the economy remains stable, according to Steve Eng...
Gold extends gains on weak jobs data, lower oil pricesGold prices climbed on Thursday, reaching a one-week high, buoyed by weaker-than-expected U.S. jobs data and a dip in oil prices. Investors...
US Federal Reserve chair Kevin Warsh says he will stick by 2% inflation target, vows to bring in real-time economic data for making interest rate decisionsFederal Reserve Chairman Kevin Warsh declared unwavering commitment to the 2% inflation target, signaling no monetary policy easing despite...
Fed's Warsh: Will decide on rate hike when policymakers 'shut the door' at next meetingAt an international monetary policy forum, Federal Reserve Chair Kevin Warsh stressed the necessity of maintaining a 2% inflation target. H...
US Stock Market: US Supreme Court shields Fed independence, but leaves central bank more isolatedThe US Supreme Court has reaffirmed the Federal Reserve’s independence by blocking attempts to allow presidential removal of its governors ...
Global Market: BlackRock turns cautious on emerging market stocks, upgrades euro zone bondsThe BlackRock Investment Institute has turned more cautious on emerging market equities and hard-currency debt, while upgrading euro zone g...
Gold slips as fading US-Iran peace prospects reinforce Fed rate-hike betsGold prices tumbled to a seven-month low as hopes for a U.S.-Iran peace deal faded, fueling inflation worries and increasing the likelihood...
Bitcoin remains stuck below $60,000 as traders eye Fed outlook and institutional demandBitcoin traded below $60,000 as markets remained cautious amid expectations of U.S. monetary policy signals and mixed institutional flows. ...
Global Market: PBOC keeps new overnight repo rate at 1.25%, pumps in 600 billion yuanChina's central bank significantly boosted liquidity, injecting 600 billion yuan via overnight reverse repos, doubling Monday's debut. This...
JGB yields rise as inflation concerns grow on BOJ policy outlookJapanese government bond yields climbed as inflation worries grew. Reports suggest the government might steer the Bank of Japan towards its...
Global Market: Japan govt urges BOJ policy coordination as it targets faster economic growthJapan is aiming for over 1% real economic growth annually, a significant jump from its recent average. This ambitious plan, detailed in a d...
IMF chief economist says Fed reduction in rate guidance is 'entirely appropriate'The IMF's chief economist, Pierre-Olivier Gourinchas, has endorsed Federal Reserve Chair Kevin Warsh's move to reduce explicit forward guid...
RBI opens term money market to AIFIs, housing finance companiesThe Reserve Bank of India has opened the term money market to All India Financial Institutions and housing finance companies, allowing them...
MoSPI mulls adding coal assets valuation to national accountsIndia's statistics ministry is exploring ways to put a price tag on its non-renewable resources, starting with coal. This move aims to prov...
MoSPI releases discussion paper to identify apt method to compile coal monetary asset accountsIndia's Ministry of Statistics has released a discussion paper on valuing coal assets monetarily, aligning with UN environmental accounting...
US Stock Market: Warsh to face lawmakers in key semiannual policy testimony on July 14Federal Reserve Chair Kevin Warsh is set to deliver his inaugural semiannual monetary policy address to Congress on July 14. This crucial a...