Global economic woes reduce FDI flows into India
Despite slowdown in FDI inflows, India has a higher share of global FDI flows, rising from 2.4% in FY17 to 4.2% in FY23
Despite slowdown in FDI inflows, India has a higher share of global FDI flows, rising from 2.4% in FY17 to 4.2% in FY23
Year-to-date global Gold ETF outflows stand at $11 billion and total holdings have fallen by 189 tonnes at the end of September 2023.
In the first six months of 2023, Central Banks bought 387 tonne of gold -- the highest purchase in the first half of a year since 2000
Will the gold-backed international currency end the dominance of the U.S. dollar?
Last week, the Federal Deposit Insurance Corporation (FDIC) seized the assets of SVB marking the largest bank failure in the US since Washington Mutual during the height of the 2008 financial crisis.
Notwithstanding the increase in CPI inflation, how the CPI is measured by CSO is also a worrying phenomenon, says the SBI Research report
Nageswaran says whenever Federal Reserve is on an aggressive tightening, this type of currency reaction happens historically. This time it is far more moderate, he adds
The Sensex and Nifty are set to open higher on Thursday, tracking positive cues from global equities and firm trading on SGX Nifty futures.
The RBI is widely expected to maintain the status quo on interest rates, while it may revise the inflation forecast as well as growth projections for FY23.
The BSE Sensex and the NSE Nifty are set to open in green, mirroring strong cues from Asia and Wall Street after the U.S. central bank raised interest rates.