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Yen breaks above 145/$ level in choppy trading, dollar firm - Vimarsana News

Yen breaks above 145/$ level in choppy trading, dollar firm

The yen was volatile on Monday after slipping to its lowest for the year against the dollar, breaching the key 145 level as traders warily looked for clues on possible intervention, while the dollar rose to touch a more than one month high. Japan's low yields have made the currency an easy target for short-sellers and funding trades, with the widening gap in the interest rates between Japan and the United States leading to persistent weakness in the yen. The yen has fallen around 20% since the Federal Reserve began rapidly raising rates to combat soaring inflation in March 2022, while t...

Source: yahoo.com
Retail inflation in July jumps to 7.44%, breaches RBI's tolerance limit | Business News - Vimarsana News

Retail inflation in July jumps to 7.44%, breaches RBI's tolerance limit | Business News

With the consumer price index rising to 7.44 per cent in July, retail inflation breached the upper limit of the Reserve Bank of India's tolerance band of 2-6 per cent for the first time in five months.

July CPI Report: What the Experts Are Saying About Inflation - Vimarsana News

July CPI Report: What the Experts Are Saying About Inflation

Inflation continues to ease, leaving the Fed on track to keep interest rates unchanged at its next meeting, experts say. A quirk in year-over-year comparisons caused headline inflation to accelerate for the first time in more than a year in July, but the underlying data once again showed that the pace of rising prices continues to ease, the Consumer Price Index (CPI) revealed Wednesday.The July inflation reading, which was largely in line with expectations, bolsters the case for the Federal Rese

Source: yahoo.com
US Inflation: Consumer Price Index up 3.0% Year Over Year in June - Vimarsana News

US Inflation: Consumer Price Index up 3.0% Year Over Year in June

Inflation, as measured by the Consumer Price Index, was up 3.0% in June from a year earlier. That's less than the year-over-year increase in May.

Dalal Street Week Ahead: RBI policy, foreign investors and other factors that will keep D-St simmering - Vimarsana News

Dalal Street Week Ahead: RBI policy, foreign investors and other factors that will keep D-St simmering

The Reserve Bank of India is likely to stay put in the June monetary policy on the back of a lower inflation print in April and a higher-than-expected Gross Domestic Product growth rate in the January-March quarter, economists said