Australian Dollar Rises Amid Risk Appetite
CANBERA (dpa-AFX) - The Australian dollar climbed against its major counterparts in the European session on Wednesday amid risk appetite, as inflation fears reduced and investors cheered strong earnings updates from the likes of SAP and LVMH Moet Hennessey.
Benchmark U.S. Treasury yields extended their decline to mark a fresh three-week low after data showed U.S. inflation was not rising too fast as had been feared.
Oil prices rose on signs of inventory drawdown and after OPEC raised its forecast for growth in world oil demand this year.
Earnings will be a focus, with JPMorgan Chase & Co. and Goldman Sachs Group Inc among the companies reporting their results later today.
New Zealand Dollar Advances After RBNZ Holds Rate Steady finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Gilt fund or corporate bond fund? How to invest in debt funds post RBI money policy
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Thanks to the steps taken by RBI, yields on benchmark 10-year government papers came down by over 6 basis points.
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NEW DELHI: From fund managers to economists to bond market traders, everyone welcomed the decisions taken by the Monetary Policy Committee of the Reserve Bank of India.
In its money policy review on Wednesday, RBI also kept the general public’s interest in mind and batted for tax cuts on fuel. Key measures included a quarter-wise OMO calendar that is expected to help manage the yield curve and the massive borrowing program, with Rs 1 lakh crore scheduled for Q1 of FY 22. RBI expects inflation to rise marginally in FY22 though projects food inflation to soften.
Indian Rupee At More Than 5-week Low Against U.S. Dollar After RBI Decision
NEW DELHI (dpa-AFX) - The Indian rupee lost ground against the U.S. dollar in the morning session on Wednesday, after India s central bank left its key interest rates unchanged, as widely expected.
The Monetary Policy Committee of the Reserve Bank of India unanimously voted to maintain the policy repo rate at 4.00 percent. The reverse repo rate was retained at 3.35 percent.
The Marginal Standing Facility rate and the Bank rate were also left unchanged at 4.25 percent.
The bank retained its real GDP growth forecast for 2021-22 at 10.5 percent, Governor Shaktikanta Das said at the press conferenc
Synopsis
Economists had expected the MPC to stand pat on policy rate as well as on growth projections for this financial year.
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The rate-setting panel also decided to stick with its “accommodative” monetary policy stance for “as long as necessary”.
MUMBAI: The Monetary Policy Committee of the Reserve Bank of India (RBI) on Wednesday left the repo rate unchanged at 4 per cent and kept the reverse repo rate at 3.35 per cent in a unanimous vote. The decision comes in the backdrop of a second wave of COVID-19 infections that has raised concerns over economic recovery.
Economists had expected the MPC to stand pat on policy rate as well as on growth projections for this financial year. The rate-setting panel also decided to stick with its “accommodative” monetary policy stance for “as long as necessary”.