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Central banks ending era of clear promises, return to ''artful'' policy

Last Updated: Monday, July 07, 2014, 15:07

The world`s major central banks are returning to a more opaque and artful approach to policymaking, ending a crisis-era experiment with explicit promises that they found risked their credibility and did not substitute for action.

Gold drops, still set for biggest weekly rise in four months

Last Updated: Friday, June 20, 2014, 20:44

A weaker US currency makes dollar-denominated assets like gold cheaper for foreign investors.

Rupee rises to 60 vs US dollar on dovish Fed comments

Last Updated: Thursday, June 19, 2014, 09:34

The rupee strengthened to 60 per dollar on Thursday, its highest in almost a week.

US Federal Reserve to meet with eyes on policy forecasts

Last Updated: Tuesday, June 17, 2014, 20:54

The FOMC has consistently pointed to the middle of 2015 at the earliest for beginning to raise the fed funds rate. 

European stocks inch higher

Last Updated: Tuesday, June 17, 2014, 20:41

European markets staged a mild rebound following recent weakness on the back of the Iraq conflict.

US stocks lower on mixed merger news

Last Updated: Monday, May 19, 2014, 19:25

US stocks on Monday opened slightly lower as a major telecommunications merger moved forward while a big pharmaceutical deal appeared to fizzle for good.

'Gold price likely to reach four-year low in 2014'

Last Updated: Wednesday, May 07, 2014, 20:05

Gold prices have probably peaked this year and could sink to their lowest since 2010 at USD 1,100 an ounce as the U.S. economic recovery gathers pace, consultancy Metals Focus said on Wednesday.

Fed shows faith in US economy with bond-buying reduction

Last Updated: Thursday, May 01, 2014, 12:09

The Fed said it would reduce its monthly bond purchases to USD 45 billion from USD 55 billion.

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.