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Business Standard

INR strengthens to 2-month high after Fed's 50 bps rate cut

The Indian rupee strengthened by 10 paise to hit a two-month high level of 83.66 against the US dollar on Thursday after the US Federal Reserve cut the benchmark interest rate by 0.50 per cent, boosting investors' sentiment. The economic projections provided by Fed officials at the meeting suggested the central bank will cut rates by another 50 basis points by the end of the year. Fed officials also expect to continue lowering rates next year, with the projections indicating rates will be lower by another full percentage point by the end of 2025. Massive buying in domestic equities and inflow of foreign funds also supported the local unit. Indian shares rose on Thursday, but key benchmark indexes ended off their day's highs amid signs of escalating tensions in the Middle East. The benchmark 30-share BSE Sensex hit a new record high of 83,773.61 in intraday trade before finishing up by 236.57 points, or 0.29 percent, at 83,184.80. Likewise, the broader Nifty index hit a fresh record ..

Business Standard

Japanese markets record strong gains

The dollar bounced back and long-dated bond yields rose while gold hovered near a record high. Oil prices rebounded despite lingering concerns over global demand.

The Economic Times

Rupee rises to 2 month peak boosted by yuan rally, likely inflows

The Indian rupee reached a two-month high, driven by portfolio inflows and a rally in the Chinese yuan following the Federal Reserve's interest rate cut. The rupee closed at 83.68 against the U.S. dollar, with India's equity indices also seeing gains.

Business Standard

Tactically cautious on India, Fed rate cut quantum a surprise: Chris Wood

If the US Federal Reserve (US Fed) rate cut is combined with a weaker dollar then the EMs (ex-China) should do well

Business Line

Fed rate cuts: Despite 50-bps rate cut, Jerome Powell says not going back to the era of easy money

Nifty and Dollar turn volatile, projections show 50-bps more rate cut for this year

Business Standard

Govt targets major reduction in fossil fuel imports through hydrogen innovation

Central to this initiative is the project involving Mirai, a hydrogen-powered car, which utilizes hydrogen derived from waste materials. This aligns with the government's broader strategy to harness biotechnology for more affordable hydrogen production. The minister emphasized that achieving a production cost of one dollar per kilogram of hydrogen is a crucial step toward making India an energy-exporting powerhouse.

The Economic Times

Japan's Nikkei at over two-week closing high as exporters advance on weaker yen

Japan's Nikkei share average reached its highest closing level in over two weeks, driven by exporters as the yen weakened against the dollar. The broader Topix also rose, with significant gains in Toyota and Honda. All industry sub-indexes on the Tokyo Stock Exchange traded higher, with shipping firms and the insurance sector performing strongly.

Business Standard

Dollar Index recovers from 14-month low; Fed delivers super-sized 50 bps rate cut

The US dollar is seen recovering after having slumped sharply yesterday following Federal Reserves jumbo interest rate cut. The dollar index that measures the greenback against a basket of currencies plunged to a fresh 14-month low in the previous session after the Federal Reserve (Fed) unexpectedly implemented a significant 50 basis point (bps) reduction in interest rates and forecast rates falling by another half of a percentage point by the end of this year. However, he also said that he does not expect the era of ultra-low interest rates to return and that the neutral rate will likely be significantly higher than the previous regime. The DXY today recovered yesterdays lost momentum and is currently quoting at 100.62, up 0.33% on the day. Fed Committee said that it has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance. Fed officials also expect to ...

Business Standard

Asian stocks and dollar gain as Fed Reserve charts 'soft landing' path

Futures rose 0.6 per cent in the Asia day and Nasdaq futures were up 0.9 per cent

CNBC TV18

Asian stocks gain as US Fed rate cut boosts sentiment

Japanese equities rallied in early trading, helped along by fresh weakness in the yen against the dollar. US stock futures advanced after the S&P 500 initially touched a record before closing 0.3% lower, while the Nasdaq fell 0.5%.

Business Standard

Euro near three week high against US dollar, Fed meet in focus

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The Economic Times

Japanese shares rebound modestly with Fed verdict in focus

In a boost to exporters, the yen began the session near 142 per dollar after it strengthened to below 140 in a holiday-thinned Asia session on Monday.

The Economic Times

Learn with ETMarkets: How swing traders can take advantage of range-bound movement in gold?

A Fed rate cut usually weakens the dollar, leading to gold price increases as investors flock to safer investments. However, initial price spikes might be followed by a stabilization period as markets process the full impact of the rate change. Short-term, retail traders might see further upside potential with gold reaching $2,600 and Rs 75,000, but should also be ready for price corrections as the series of rate cuts continues.

CNBC TV18

5 charts that may affect the Fed interest rate decision

That the US Federal Reserve will cut rates on September 18 is a foregone conclusion. But will it be a 25-basis point or a deeper 50-basis point cut? That's the million-dollar question waiting to be answered. There are a number of factors that will determine the extent of the rate cuts.

The Economic Times

Dollar catches footing ahead of Fed

The dollar steadied on Wednesday as stronger-than-expected U.S. retail sales led traders to slightly reduce bets on an outsized interest rate cut by the Federal Reserve. The Fed is expected to make its first interest rate cut in over four years, with the size and tone of the cut influencing future market moves.

CNBC TV18

Asian stocks rise as traders await US Fed decision

Japanese shares led regional gains as the yen’s slide on Tuesday boosted the outlook for the nation’s exporters. The dollar bounced in New York following stronger-than-expected retail-sales data. Hong Kong is shut for a holiday, while Chinese stocks listed on mainland markets will resume trading after a break.

The Economic Times

Asian stocks rise as traders await Fed decision

Japanese shares led regional gains as the yen’s slide on Tuesday boosted the outlook for the nation’s exporters. The dollar bounced in New York following stronger-than-expected retail-sales data. Hong Kong is shut for a holiday, while Chinese stocks listed on mainland markets will resume trading after a break.

Mint

Intel shares soar nearly 8% after multibillion-dollar chip deal with Amazon

At 1:08 pm EDT, Intel shares were at $21.62, up $0.70 or 3.37 per cent

The Economic Times

Fed rate cut looms: What it means for gold prices, dollar

Market sentiment is uncertain as the Fed is widely expected to cut rates soon, with a higher probability of a 50 basis points cut than a 25 basis points one. This uncertainty, combined with upcoming elections and key US economic data releases, is likely to cause fluctuations in gold prices.

Business Standard

INR hits one and half month high against US dollar, NIFTY ends at record close

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Mint

US Fed rate cut: Gold prices near record high; is it time to increase exposure to yellow metal? Experts weigh in

US Fed rate cut: Gold prices are near all-time highs amid expectations of a US Fed rate cut, which could weaken the dollar and boost gold demand. Factors like geopolitical tensions and central bank buying will also influence prices, with experts suggesting potential gains in the coming years.

Business Standard

INR hits three week high against US dollar

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Business Standard

Asian shares tentative, dollar squashed by expectations of Fed rate cuts

Extended holidays in China and South Korea made for thin trading conditions

The Economic Times

Dollar pinned down by 50 bp Fed cut bets

The dollar remains near its lowest levels of the year as markets anticipate a potential rate cut by the U.S. Federal Reserve. The euro and yen have rallied, with the yen showing significant room for further gains. The Bank of Japan is expected to maintain its policy, while the Bank of England may hold rates steady.

The Economic Times

GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session

Domestic markets started the week positively, reaching new highs before closing with minor gains. Hopes of a US Fed rate cut and recent FII buying have kept momentum positive. Oil prices rose due to Hurricane Francine's impact on production. The rupee settled higher against the dollar, supported by a weak American currency.

Mint

US dollar hits more than one-year low versus yen as market eyes aggressive Fed rate cut

GLOBAL-FOREX:US dollar hits more than one-year low versus yen as market eyes aggressive Fed rate cut

Business Standard

INR appreciates under 83.90 per US dollar mark

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The Economic Times

Rupee ends flat; forward premiums climb on Fed rate cut hopes

The currency was unable to benefit from weakness in the greenback in the face of dollar demand from importers, including local oil companies, traders said.

Hindustan Times

Why gold prices are at all-time highs? Is further rise likely ahead of Diwali?

Gold prices hit record highs, with spot gold up 0.5% at $2,588.29 per ounce, driven by a weaker dollar and anticipated US interest rate cuts.

Hindustan Times

Rupee flat as oil firms' dollar bids offset impact of rise in Asia FX

INDIA-MARKETS-RUPEE:Rupee flat as oil firms' dollar bids offset impact of rise in Asia FX

Business Line

Stock Market Live Updates September 16, 2024: Sensex, Nifty brace for US Fed’s rate cut, key economic data releases

Sensex, Nifty, Share Prices LIVE: The Indian stock market’s outlook this week will be heavily influenced by the US Federal Reserve’s interest rate decision, set to be announced after the Federal Open Market Committee (FOMC) meeting on September 18, analysts say. A widely anticipated 25 basis points (bps) rate cut and possibly a larger 50 bps reduction could trigger positive market sentiment, especially in emerging markets like India. Last week saw a stellar performance, with Nifty and Sensex hitting all-time highs, driven by sustained foreign institutional investor (FII) inflows. Analysts attribute this to expectations of lower US yields and a weaker dollar. Key global events, including Japan’s inflation data, the Bank of Japan’s policy decision, and domestic data such as WPI inflation, will further shape market trends. With geopolitical concerns and oil prices in focus, this week is pivotal for Indian equities, particularly in light of FII flows and global macroeconomic developments.

Business Line

Currency Outlook: Dollar remains stable

The outcome of the Fed meeting can set the trend for the greenback

The Economic Times

Japan tries to reclaim its clout as a global tech leader

Now, after a period of stagnation that Japan's economy ministry refers to as "the lost three decades," Tokyo is engaged in a multibillion-dollar industrial policy to jump-start the lackluster economy and recapture its position as a tech innovator.

The Economic Times

US dollar drops to near 9-month low versus yen amid talk of larger Fed rate cut

The U.S. dollar dropped to its lowest level in nearly nine months against the Japanese yen amid speculation of a potential 50-basis-point interest rate cut by the Federal Reserve. Market expectations shifted following media reports and comments from a former Fed official. The dollar also weakened against other major currencies, while U.S. consumer sentiment showed improvement.

The Economic Times

Prospect of steeper Fed cuts boosts stocks, drives record gold prices

U.S. stocks rose on Friday as investors anticipated possible aggressive rate cuts by the Federal Reserve at its upcoming policy meeting. The Dow Jones, S&P 500, and Nasdaq all closed higher. Gold hit record highs, while the dollar weakened and Treasury yields fell.

Mint

INR vs USD: Why is Indian rupee falling despite dropping US dollar rates?

INR vs USD: The US dollar index slipped to multi-month lows of around 101 level from a three-month high of 106 as investors ratcheted up bets for an aggressive US Fed rate cut

The Economic Times

India’s forex kitty jumps $5.2 billion to a fresh high of $689 billion

India's foreign exchange reserves reached a new high of $689.235 billion at the end of September 6, according to the Reserve Bank of India. This marks the fourth consecutive weekly increase, with reserves rising by $5.248 billion in the last week alone. The rise is attributed to healthy dollar inflows and appreciation in other global currencies.

Mint

Gold price climbs 26% in YTD. Should you book profit or wait for US Fed's rate cut cycle?

Gold rate today is rising due to the weakening US dollar on US Fed rate cut buzz, say experts

Business Standard

INR ends higher as dollar stays weak

The Indian rupee witnessed range-bound trade and settled for the day higher by 6 paise at 83.90 (provisional) against the US dollar on Friday supported by weakening of the American currency in the overseas market and significant foreign fund inflows. The dollar index fell below 101, extending losses from the previous session amid growing expectations that the Federal Reserve could act more aggressively when it starts cutting interest rates next week. Meanwhile, the benchmark S&P/BSE Sensex slid 71.77 points, or 0.09 percent, to 82,890.94 while the broader NSE Nifty index settled at 25,356.50, down 32.40 points, or 0.13 percent, from its previous close. At the interbank foreign exchange market, the local unit opened at 83.92 and witnessed an intraday high of 83.85 and a low of 83.98 against the American currency.

Business Standard

Rupee ends higher, registers strongest weekly rise since late June

The rupee closed at 83.8875 against the U.S. dollar, up from its close at 83.9650 in the previous session