Three major central banks have hit the zero limit, the Fed, the European Central Bank and the Bank of Japan. When the Federal Reserve drove its target interest rate near zero in late 2008, it sparked an economic debate about the risks of having nowhere lower to go, and in particular the financial bubbles it might stoke. Six years later few bubbles are in sight, but a new risk has emerged: that the zero has become an effective anchor on interest rates that is proving far more difficult to ... Rediff.com, 3 weeks ago
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Financials were the top gainers led by HDFC, HDFC Bank along with select index heavyweights. Benchmark shares indices recouped early losses to end higher on expectations that higher-than-expected rate cut by the Reserve Bank of India would boost growth. The 30-share Sensex ended up 162 points at 25,779 and the 50-share Nifty gained 48 points to end at 7,843 . The broader market ended mixed, the BSE MidCap index ended up 0.4% and the BSE SmallCap index closed 0.1% lower. Market breadth ended ...Rediff.com, 1 week ago
Unprecedented rainfall in Japan unleashed heavy floods on Friday that ripped through parts of the island nation on Thursday, forcing more than 1 lakh people from their homes. A man holding a tray of belongings wades through a road at an area flooded by the Omoigawa River, caused by typhoon Etau in Oyama, Tochigi prefecture, Japan. Photograph: Kyodo/ Reuters Rescue helicopters picked marooned residents from the roofs of their homes after waters surged over a wide area when a river burst its ...Rediff.com, 4 weeks ago
Moody's said India’s current account deficit or CAD has narrowed significantly from 4.8 per cent in 2012 to 1.4 per cent in 2014. Workers make Indian national flags inside a textile printing workshop ahead of the Independence Day celebrations in Ahmedabad. Photograph: Amit Dave/Reuters Moody's Investors Service on Tuesday said India's current account deficit is likely to remain low supported by declining oil prices but a slow recovery in industrial output and investment would drag ...Rediff.com, 1 month ago
Modi's visit to some developed countries such as the US, Japan, China and Australia were sprinkled with humongous investment figures. But do we have the wherewithal to absorb such big investments? Nayanima Basu explains With Prime Minister Narendra Modi embarking on his second visit to the US within one year of his previous visit there, all eyes are now fixed on what the government's foreign policy stance will be in its second chapter, especially with some key countries that seemed to have ...Rediff.com, 1 month ago
Benchmark Indices ended lower for the fourth consecutive session on concerns of capital outflows after the special investigation team proposed stringent norms for P-notes. Further, investors turned catious ahead of the US Federal Open Market Committee (FOMC) meeting that begins today, which could further give signals on whether the Fed will hike the rates. The BSE Sensex ended 102 points or 0.3% down at 27,459 while the CNX Nifty ended below 8,350 at 8,337 levels, down by 24 points or 0.3%. The ...Rediff.com, 2 months ago
But Docomo insists on a valuation of Rs 58 per share to exit Tata Teleservices The Tata group has offered to buy out Japanese telecom major NTT Docomo’s 26.5 per cent stake in the loss-making Tata Teleservices for Rs 23.34 a share, after the finance ministry and the Reserve Bank of India rejected the group’s application to buy back Docomo’s shares at the pre-agreed valuation of Rs 58 a share. The 60 per cent lower offer was made on the basis of a fair market value determined ...Rediff.com, 2 months ago
Rajan said the RBI’s policy process involves trying to “take the heat away from the political economy and put it on frameworks, technical models, projections, et cetera, and say, ’What we are doing is disinflation without worrying too much ...Jagran Post, 1 month ago
Fed is unsettled by signs of a global economic slowdown and its impact on the US economy which in turn boosted the trading sentiments. Markets trading on a firm note following strength in the global peers after release of the minutes from the last Federal Reserve meeting indicated that the Fed is was unsettled by signs of a global economic slowdown and its impact on the US economy which in turn boosted the trading sentiments. At 12:10 PM, the Sensex has climbed 187 points higher at ...Rediff.com, 9 minutes ago
The rupee on Wednesday by 46 paise to close at an eight-week high of 64.95 against the US dollar on fresh selling of the American currency by banks and exporters on persistent foreign capital inflows into domestic equities. Weakness of dollar in the overseas market also boosted the domestic currency, a forex dealer said. The rupee today opened higher at 65.29 per dollar as against yesterday's level of 65.41 at the Interbank Foreign Exchange market and firmed up further to close at an 8-week ...Rediff.com, 1 day ago
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