The Fed's interpretation of the increase in gas prices is the economist's basic mantra of supply and demand.
Gold has risen sharply due to rising risk aversion
Global events will continue to be in the limelight, besides domestic policy.
Gold was among the least bruised by Monday's selloff, dropping half a percent versus a 6 percent slide in Brent crude and a 2 percent decline in copper.
The decline bolstered bets that the Federal Reserve will hike interest rates in mid-2015
'Rising Covid cases and localised lockdowns are being closely monitored.'
US brokerage Bank of America-Merrill Lynch on Tuesday said its sees the first rate cut this fiscal only in March next as inflation is expected to fall only by December end on a decline in commodity prices driven by the US Fed tapering.
This brings the Fed a step closer to raising interest rates this year
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The rupee gained 8 paise to close at over two-week high of 61.23 against the US dollar in the previous session.
A video of Head Constable Iqbal Singh feeding the boy has gone viral on social media and has won plaudits for the security forces operating in Kashmir.
The trinity of rising stocks, rising yields and rising dollar since Donald Trump's election has already faced a setback.
Mark Mobius doesn't see any crisis brewing in emerging markets.
Given the uncertainties around gold's future course, stagger your purchases and buy on declines, says Sanjay Kumar Singh.
The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.
So, what's the problem if our present is screwed up when the future promises to be profitable? It's an Indian habit, notes Shyam G Menon.
At present, the repo rate acts as the policy rate when liquidity is in deficit mode while reverse repo becomes the operating rate when there liquidity is surplus.
Despite returns from gold down over 5% in the past three months, it is a good idea to keep this asset class in your portfolio.
The US dollar surged to fresh one-year high after the Fed chief's testimony to the US Senate on Wednesday bolstered the expectations of interest rate hikes, though gradually.
The rupee has dropped by 60 paise or 0.89 per cent in the last three trading days.
Indian benchmark indices may witness bouts of volatility this week as traders roll over positions in the derivative segment on expiry of near-month contracts, say experts.
Further outperformance hinges on pickup in industrial activity, buying by local investors.
Demonetisation, Donald Trump's surprise victory in the US presidential elections, and the fear that US Fed may hike rates in the upcoming policy review in December have dented market sentiments, report Puneet Wadhwa & Deepak Korgaonkar.
'India is possibly the most fiscally constrained market in the region.'
India's foreign exchange reserves declined by a whopping $4.343 billion to $367.646 billion.
The RBI's next policy review is set for Sept. 29.
Gold slipped to near 5-1/2-year lows on Friday and was on course for a sixth straight weekly fall.
The next 12 months will be quite challenging marked by uncertain political events and evolving macroeconomic scenario
Since its peak, the S&P BSE Sensex has dropped nearly 3,000 points.
The bankruptcy filing of Lehman Brothers on September 15, 2008 brings back the most vivid memories of the crisis.
The Indian rupee on Thursday appreciated by 12 paise to end at 66.71.
The rupee had revisited the near 2-month low of 60.55 per dollar earlier in the session.
Make saving some of what you earn a monthly priority.
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The broader consensus was that the Fed would cut the monthly stimulus of $85 billion by $10-15 billion.
Reserve Bank of India Governor Bimal Jalan said on Friday that there was no proposal to lower the short-term benchmark repo rate now.
India's economy is forecast to grow at 4.8 per cent in 2013, down 1.3 per cent from its earlier projection, the UN's World Economic Situation and Prospects 2014 report said.
However, volatility is likely to be on the rise, said Benjamin Yeo, MD & CIO (Asia & Middle-East) for Wealth & Investment Management, Barclays.
The broader NSE Nifty managed to end higher for the second day at 10,426.85, up by 5.45 points or 0.05 per cent after shuttling between 10,478.60 and 10,377.85, intra-day.
In New York market, the dollar fell against euro late yesterday, as European Central Bank President Mario Draghi said that central bank officials had discussed quantitative easing as an option to fight falling inflation.
A widening probe by US authorities involving top drug companies following complaints of price fixing of generics was a point of worry for the participants, said analysts.
