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The Nasdaq dropped 4% on Wednesday as rising bets on Federal Reserve rate hikes hit AI and technology stocks hard. The S&P 500 and Dow Jones also fell, reflecting broad investor concern that borrowing costs could stay higher for longer.
Indian government bonds slipped Thursday as traders awaited the Reserve Bank of India's rate decision on Friday. Markets expect a pause, but Standard Chartered, Capital Economics, ANZ, MUFG, and OCBC all forecast a 25-basis-point hike, while rising oil prices add inflation risk.
The Indian rupee has hit a record low as surging energy import costs widen the trade deficit and push capital out of the country. This puts the Reserve Bank of India under pressure to raise interest rates despite preferring a pause, which would raise borrowing costs for businesses and consumers.
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The Nasdaq dropped 4% on Wednesday as rising bets on Federal Reserve rate hikes hit AI and technology stocks hard. The S&P 500 and Dow Jones also fell, reflecting broad investor concern that borrowing costs could stay higher for longer.
22d ago · 3 min · Markets
Indian government bonds slipped Thursday as traders awaited the Reserve Bank of India's rate decision on Friday. Markets expect a pause, but Standard Chartered, Capital Economics, ANZ, MUFG, and OCBC all forecast a 25-basis-point hike, while rising oil prices add inflation risk.
24d ago · 3 min · Markets
The Indian rupee has hit a record low as surging energy import costs widen the trade deficit and push capital out of the country. This puts the Reserve Bank of India under pressure to raise interest rates despite preferring a pause, which would raise borrowing costs for businesses and consumers.
2mo ago · 1 min · Markets
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