Mumbai: India’s benchmark indices shed over 1% on Tuesday, mirroring the weakness in other Asian markets, as investors awaited the US Federal Reserve’s monetary policy decision on Wednesday. Analysts said the near-term market outlook remains negative with investors cutting their shareholdings for tax purposes ahead of the end of the financial year on March 31. … Read more
Mumbai: India’s benchmark indices shed about 1% on Tuesday, partly reversing the previous day’s gains, as traders cut bets ahead of the US Federal Reserve’s two-day policy meeting on January 30 and 31. Analysts said the mood is relatively cautious with the government set to announce its interim budget on February 1. The BSE Sensex … Read more
Borrowing from a Federal Reserve emergency lending program rose to a fresh record, just before the central bank raised the facility’s interest rate to stop financial institutions from taking advantage and arbitraging on its attractive terms. Demand for the Bank Term Funding Program rose approximately $6.3 billion in the week through Wednesday, Jan. 24 to … Read more
