The rupee edged slightly lower on Friday weighed by late losses in local stocks which raised concerns about sustained risk aversion in global markets.
Entries Tagged 'Global Markets' ↓
Rupee weakens as shares drop; Bernanke awaited
August 27th, 2010 — Global Markets, Stock News
Yuan ends up vs dollar, c.bank sets higher mid-point
August 27th, 2010 — China, Global Markets, Stock News
The yuan finished up slightly against the dollar on Friday as the People’s Bank of China set a stronger mid-point in line with an easier dollar in global markets, snapping four day’s of fixing a weaker reference rate.
Yuan ends down vs dollar after weaker mid-point
August 23rd, 2010 — China, Global Markets, Stock News
The yuan ended down slightly against the dollar on Monday, as the People’s Bank of China set a weaker mid-point in the wake of the dollar’s rebound in global markets.
Fed Rate cut by 75 bps to 2.25 per cent
March 19th, 2008 — Global Markets
Fed cuts rates by 75 bps to 2.25% points to restore confidence in the nervous financial markets and boost the ailing economy. US Treasury Secretary Henry Paulson had admitted earlier on Tuesday that the US economy is facing a “sharp decline”.
The Fed rate cut is the sixth time the central bank has lowered rates since September 2007 in a bid to boost the economy, which is reeling from the credit crisis triggered by a slump in the US housing market.
Fed’s Rate cut by 25 bps : Global Markets expect more
December 12th, 2007 — Global Markets
The much awaited and expected rate cute by the Federal Reserve has been announced yesterday, and the Fed cut the rate by 25 basis points. US Stock Markets reacted and the markets crashed around 3 per cent expecting bigger discount rate from Fed. Indian ADRs closed down with Satyam down 7 per cent, WIPRO and VSNL going dwown by 5 per cent, Banks like ICICI and HDFC down 2 to 3 per cent.
Asian Markets also reacted, with Hang Seng down over 3 per cent , Nikkeia down 295 points, Taiwan Index down over 170 points. It would be interesting to see how Indian Stock Markets would react to the Fed rate cut.
FED rate cut by 50 basis points
August 18th, 2007 — Global Markets
Sliding global markets got lifeline late on Friday when the US Federal Reserve cut its discount rate, or the rate at which it lends to member banks, by 50 basis points to 5.75 per cent.
The Fed said it did so as “the downside risks to growth have increased appreciably.
Global Markets Skid on Wednesday
August 16th, 2007 — Global Markets
Domestic stocks are likely to face another challenging session tomorrow after Asian stocks slumped to their three-month lows on Wednesday and following cues from the US, which indicated a slowdown in consumer spending.Investors are just very, very worried about what’s happening with subprime and unwinding of yen carry trade.
South Korea’s Kospi was the biggest loser, skidding 7.3% to 1,685.12, as the stock market reopened for trading after a national holiday.