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Rate cuts unlikely before March next: Bofa-ML

Last Updated: Tuesday, April 15, 2014, 15:14

US brokerage Bank of America-Merrill Lynch on Tuesday said its sees the first rate cut this fiscal only in March next as inflation is expected to fall only by December end on a decline in commodity prices driven by the US Fed tapering.

First in FY14: RBI didn't buy dollars in Feb; sold $530 million

Last Updated: Friday, April 11, 2014, 15:54

For the first time in 11 months of 2013-14 fiscal, the Reserve Bank did not purchase any dollars at all in February from the market, but sold USD 530 million.

Rajan says payment banks on the anvil

Last Updated: Tuesday, April 01, 2014, 23:14

"The point is, we should not be giving licence every 10 years...The hope is to make this an ongoing process," Rajan said, stressing the need to go beyond current practice.

Gold hits 3-week low on Fed, firm US dollar

Last Updated: Thursday, March 20, 2014, 09:59

Cash gold hit a low of USD 1,325.34 an ounce, the weakest since February 28, and stood at USD 1,328.84 by 0012 GMT, down USD 2.00.

US Fed watching Ukraine situation `very closely`

Last Updated: Thursday, March 20, 2014, 01:25

Federal Reserve Chair Janet Yellen said Wednesday that the US central bank is watching the situation in Ukraine "very closely" amid worries about an escalation in tensions.

Chidambaram arrives in Sydney to attend G20 meeting

Last Updated: Saturday, February 22, 2014, 16:51

Finance Minister P Chidambaram arrived here Saturday to attend the two-day G20 meeting of finance ministers and central bank governors during which he is expected to press for expeditious reforms in the IMF, among other things.

US Fed chief Yellen asked for ID at G20

Last Updated: Saturday, February 22, 2014, 11:47

She might be one of the most powerful women in the world but that didn`t wash with security at the G20 in Sydney who reportedly asked Janet Yellen to show her ID.

Gold price logs 3rd straight weekly gain on US economic worries

Last Updated: Saturday, February 22, 2014, 03:22

US COMEX gold futures for April delivery settled up USD 6.70 an ounce at USD 1,323.60.

US Fed must provide guidance on tapering stimulus: India

Last Updated: Friday, February 21, 2014, 21:07

Raising concerns of emerging economies over the impact of tapering, India on Friday said the US Federal Reserve should provide guidance and withdraw the monetary stimulus in a calibrated manner.

Janet Yellen, new Fed chair, takes hot seat at Capitol

Last Updated: Tuesday, February 11, 2014, 14:24

The health of the US economy and the extraordinary and controversial measures the Federal Reserve has taken to support it will top the agenda on Tuesday when Janet Yellen testifies to lawmakers for the first time as head of the Federal Reserve.

Bernanke arrives for first day on the job at Brookings

Last Updated: Monday, February 03, 2014, 23:08

Ben Bernanke, who stepped down as chairman of the U.S Federal Reserve on Friday, checked into work Monday morning at his new job at the Brookings Institution, a centrist policy think tank based in Washington.

Gold drops 2% on equity rally, stronger US dollar

Last Updated: Friday, January 31, 2014, 04:12

Signs of stabilization after a sharp emerging market selloff, which had boosted gold prices earlier this week, also hit gold`s safe-haven appeal.