European Central Bank should speed up its exit from its “crisis-mode” monetary policy, ECB policymaker Ewald Nowotny said.
The Indian government plans next week to announce lower than expected borrowing needs for the second half of the fiscal year ending in March, said four people briefed on the matter, in a move that could remove some nervousness in the bond market.
India's foreign exchange reserves rose by USD 1.207 billion to USD 400.489 billion in the week to September 14 on account of increase in foreign currency assets, according to RBI data.
Currency and global cues continued to dominate investor sentiment. Both Nifty & Sensex lost more than 3% in trade.
The World Bank has endorsed an ambitious five-year framework for India under which it is expected to receive USD 25-30 billion in financial support for its transition from a low-middle income to a high-middle income country, a senior official from the global lender said.
Short-dated U.S. Treasury yields will rise above longer maturities — a reliable forecaster of recessions — within two years and possibly in the next year, according to market experts polled by Reuters.
Canada’s inflation rate dipped to 2.8 percent in August but remained above the Bank of Canada’s target for the seventh consecutive month, boosting expectations the central bank will raise rates again in October.
Government bonds (G-Secs) slipped on selling pressure from banks and corporates and the overnight call money rates turned lower due to lack of demand from borrowing banks amid comfortable liquidity in the banking system.
Fitch Ratings Friday upped India's growth forecast for the current fiscal to 7.8 per cent, from 7.4 per cent projected earlier.