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The rupee closed at 65.67, up 1.2% from its previous close of 66.46, its steepest closing gain since 18 November 2013.

The use of position limits may be expanded to other contracts if upcoming legislation requires them, the exchange added in a statement. So the Fed needs other tools to influence rates. Markets are also split on what a rate move might mean for markets. He says that the outlook for...

In comparison, the benchmark Shanghai Composite index finished down by a smaller 2.67%.

While analysts, economists and investors are eagerly waiting to see whether the Federal Reserve raises interest rates after its meeting later this week, Appelbaum drove into the mechanics of how such a rate hike would work in this weekend’s paper.

Commodity prices were broadly flat on Tuesday, with silver softer than gold prices and re-touching last Friday’s 2-week low at $14.30 per ounce.

Given this information, the Fed “should be a little more uncertain about forecasting inflation than it was”, says Athanasios Orphanides, a former governor of the Central Bank of Cyprus, a Fed economist, and a professor at the MIT Sloan School of Management.

Finance Minister Arun Jaitley along with Ravi Shankar Prasad and Piyush Goyal addressed the media after the Union Cabinet meeting. The government with this Gold Monetisation schemes wants to decrease the import of 1,000 tonnes of gold annually, stated that people hold that amount...

It wasn’t like USA markets were in flawless shape before China’s spooked them.

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...

Investors will keep a sharp eye on the Labor Department’s monthly jobs report on Friday, which will be the last one before the Fed meets on September 16-17.

While Yao Yudong, head of the People’s Bank of China Research Institute of Finance and Banking, last week blamed the Fed for the market turmoil and said a US hike should be delayed, most central bankers from emerging markets contacted by Reuters said it will be better if...

“If capital were to leave emerging economies, especially those that peg their currencies against the dollar, the natural thing to do is to sell Treasuries”, said Gene Tannuzzo, portfolio manager at Columbia Threadneedle Investments in Minneapolis.

This was despite Chinese stocks tumbling again this morning – plunging more than 7%, and hitting their lowest level in eight months.

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

This time, battles over Planned Parenthood and education could lead to another standoff between the Republicans and the White House, and Heckscher doesn’t see the Fed making a move under threat of a shutdown.