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The increase in repo rate is to tackle the inflationary woes around the globe.

Gold is seen pulling back from yesterdays recovery as dollar firmed back after a slight decline overnight. Dollar index is regaining ground towards 102.55 after falling overnight tracking treasury yields that was down from the 3.06% mark during the week to lows of 2.96%. The yellow metal gained support on Tuesday on rising concerns about inflation and slowing growth. Meanwhile, the World Bank on Tuesday […]

Mangalore Refinery & Petrochemicals (MRPL) jumped 11.31% to Rs 120.60, extending rise to fourth consecutive trading session.

Mangalore Refinery & Petrochemicals (MRPL) jumped 11.31% to Rs 120.60, extending rise to fourth consecutive trading session.

South Koreas gross domestic product was up a seasonally adjusted 0.6 percent on quarter in the first quarter of 2022, according to the Bank of Korea. That was down from 0.7 percent in the initial estimate following the 1.2 percent increase in the three months prior. On an annualized basis, GDP was up 3.0 percent on year – also revised down from the original call […]

The domestic equity barometers came off the days high in early afternoon trade. The Nifty traded below the 16,500 mark. Realty stocks witnessed some bit of bargain buying. The bourses witnessed bouts of volatility after the Reserve Bank of India (RBI) announced a hike in the key repo rate by 50 basis points to 4.90%. At 12:21 IST, the barometer index, the S&P BSE Sensex, […]

The World Bank has trimmed its growth forecast for India for the current financial year to 7.5%, marking a 1.2 percentage points cut down from its previous forecast of 8.7%. World Bank said it cut Indias GDP growth forecast due to rising inflation, supply chain disruptions, and geopolitical tensions. The bank now sees Indias growth slowing further to 7.1% in FY24. This is 30 basis […]

Japans gross domestic product contracted an annualized 0.5 percent on year in the first quarter of 2022, the Cabinet Office said – beating forecasts for a decline of 1.0 percent following the 3.8 percent increase in the previous three months.On a seasonally adjusted quarterly basis, GDP slipped 0.1 percent. GDP capital expenditure fell 0.7 percent on quarter. External demand slipped 0.4 percent on quarter.Powered by […]

The RBI has stated in latest monetary policy update that the restrictions on wheat exports should improve the domestic supplies but the shortfall in the rabi production due to the heat wave could be an offsetting risk. The forecast of a normal south-west monsoon augurs well for the kharif agricultural production and the food price outlook. Edible oil prices remain under pressure on adverse global […]

Mangalore Refinery & Petrochemicals (MRPL) jumped 11.31% to Rs 120.60, extending rise to fourth consecutive trading session.