India inflation seen up in June due to soaring vegetable prices

India inflation seen up in June due to soaring vegetable prices

India consumer price inflation probably edged up in June, snapping five months of declines, largely because of a jump in vegetable prices caused by the damage to crops wrought by extreme weather, according to a Reuters poll of economists. Prices of tomatoes, onions, and potatoes – staples in every Indian kitchen – surged by double … Read more

Dollar steady ahead of inflation data, yen wobbles

Dollar steady ahead of inflation data, yen wobbles

The dollar was stable on Wednesday on wagers the Federal Reserve is unlikely to cut rates until later this year ahead of crucial inflation readings this week, while the yen drifted to its weakest in four weeks. The dollar was also lifted by rising Treasury yields after a lacklustre debt auction for sales of two-year … Read more