Budget is an important economic event as it provides a roadmap for the economy. In this context, a Full Budget after a general election gains more importance. The budget was looked forward to for gauging the policy continuity, given the fact that the mandate received by the government was relatively weaker as compared to the […]
The US inflation eased as per the latest data reported for June 24, the number is progressively getting closer to the Fed’s long-term target of 2.00%. The CPI-based Headline Inflation declined to 3.00% in June 24, as against the previous month’s 3.30%, on a y-o-y basis. The price of Gasoline continued to ease by -2.50% […]
Brent is trading at US$82/US$83 levels. Briefly, it had gone down to the US$ 78 level too. The supply-demand dynamics, at present, does not support much higher oil prices. While the high fuel prices and the consequent demand destruction that has happened is probably keeping the prices subdued. But this is only a temporary and […]
The Dolar Index has been in narrow ranges all through the last one month. The reason for this is the lack of any fresh triggers. The Index traded between 104.10 and 105. 55 in the last one month. The last three months range has been 103.30 to 106.30. In the last update on currency the […]
Gold is getting resisted at around the US$ 2360/2370 levels mainly due to the lack of any fresh triggers to maintain the buoyancy. Since the beginning of the year gold has moved up by 12 %. The prices got immense support from expectations of an easing of USinterest rates, but this has not been fructified […]
