Despite the potential for intervention, analysts remain doubtful about its effectiveness. Tapas Strickland from the National Australia Bank highlighted that macroeconomic fundamentals do not currently support a significant shift towards a hawkish monetary stance.
India's July-September quarter Gross Domestic Product (GDP) data, scheduled for a release on November 29, will be important as headline growth has already slipped to a six-year low, said Singapore's DBS Bank in its daily report on Tuesday.
The US dollar rose slightly in late trading on Wednesday as investors digested a batch of latest economic data. In late New York trading, the euro was down to $1.1278 from $1.1290 in the previous session, and the British pound decreased to $1.2576 from $1.2602 in the previous session, Xinhua news agency reported.
The total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 0.4 per cent from March to a seasonally adjusted annual rate of 5.19 million in April.
Investor sentiment dampened after weaker-than-expected economic data from the US and Europe last week stoked fears of a global slowdown. The trade worries between the US and China too added to the worries, brokers said.
Mumbai: Reserve Bank of India (RBI) Governor Raghuram Rajan has said that there was a need to ‘break the back' of inflation which remains high and controlling it would make the apex bank's position more
Mumbai, Dec 30: The BSE Sensex today fell for the fourth day in a row, losing another 89 points on the last trading day of the year on FII outflows amid worries over slowdown in
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