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Mr. Rohit Gadia, Founder & CEO, CapitalVia Global Research Limited said, RBI surprisingly cut repo rate by 50bps, a rate cut by 25bps was expected. “The proposal to reduce the risk weights on low-priced housing loans will incentivise the banks“, said Arundhati...

USA stocks climbed Friday morning after three days of losses.

In its third rate cut this fiscal (20 bps in April and 10 bps in June), Axis Bank cut its base rate to 9.50 per cent from 9.85 per cent. “The new rate will be with effect from October 5, 2015″.

United States stocks opened sharply lower following the jobs report, which one leading analyst labeled “decidedly bad”.

In a speech late Thursday, Fed Chair Janet Yellen, who spoke a week after the Fed delayed a long-anticipated rate hike, said she and other Fed policymakers do not expect recent global economic and financial market developments to significantly affect the central bank’s policy.

The Dow Jones Industrial Average dropped as much as 259 points in early trade, but recovered somewhat to trade 62 points, or 0.4, higher at 16,335, with losses in financials including (http://www.marketwatch.com/story/ugly-jobs-report-is-punishing-financial-stocks-2015-10-02)J.P....

The Federal Reserve decided not to lift its key interest rate about two weeks ago, but New York Fed President William Dudley says a rate hike will likely come before 2016.

First, the Reserve Bank of India has been saying that monetary policy will be in the neutral gear when policy interest rates are two percentage points above the inflation rate.

“Most FOMC participants, including myself, now anticipate that achieving these conditions will likely entail an initial increase in the federal funds rate later this year, followed by a gradual pace of tightening thereafter“, Yellen said. The late sell-off on Friday...

Gold fell from one-month highs on Friday after Federal Reserve chair Janet Yellen kept the door open to an increase in USA interest rates this year, sparking a dollar rally, while palladium was on track for its biggest weekly rise in nearly four years.

Yao said the Fed should set objective conditions that will trigger a rate hike, such as inflation, unemployment and risks of property and housing bubbles.

The buck had traded in a narrow range against most of its rivals during the past week as investors waited for the Fed’s decision, even as many expected the central bank to hold off Thursday, said Mark McCormick, global FX strategist based in New York. However, following the...

US Federal Reserve vice-chairman Stanley Fischer joined the European Central Bank vice-president Vitor Constancio and Bank of England governor Mark Carney on Saturday on a panel at the Kansas City Fed’s annual retreat in Jackson Hole, Wyoming, dedicated to discussing...

Dudley suggested, however, that the Fed’s decision will depend more on global economic troubles then market volatility.

The benchmark Shanghai Composite Index fell 8.5 percent, its biggest one-day loss since February 2007.