Los Angeles: First Republic Bank received a $30 billion deposit injection from large US banks on Thursday, stepping in to save the institution who was embroiled in a growing crisis brought on by the failure of two other mid-size US lenders over the previous week.After Silicon Valley Bank failed last week due to bond-related losses…
Between May 2022 and February, the Reserve Bank of India (RBI) increased the repo rate, which is used to communicate interest rates in the economy, by 2.5%. If we merely consider this data point of 2.5%, it could not mean much. It is significant, though. This is substantially faster than the preceding rate cycles, according…
Gold rate today: Because the bank crisis is getting better and the European Central Bank (ECB) raised interest rates for the sixth time in a row, the price of gold and silver went up in early morning trades. Gold price came closer to its all-time high of 58,847 per 10 gm and hit an intraday…
As the USD Index continues to lose steam, EUR/USD has kept rising above 1.0640. After taking into account lower inflation in February and new banking instability, the Federal Reserve might keep interest rates the same. Technical Overview The EUR/USD bounced back from a key support (Fibonacci retracement, a key horizontal support band, and the 100-day…
After having a mixed response to the ECB’s 50 bps hike and President Lagarde’s comments on the policy outlook, EUR/USD has gotten back on track and is now up for the day above 1.0600. The USD seems to be losing ground because the market’s mood is getting better, which helps the pair move up. Technical…
After hitting a daily high of $22.08, the price of silver goes up and down, losing some of what it had gained. The European Central Bank (ECB) surprised the markets by raising interest rates by 50 basis points (bps) at a time when the financial markets were in turmoil and Credit Suisse (CS) was close…
The USD/CHF pair is still down about 0.45% for the day, but it has gained more than 50 pips since its daily low. It is now trading just below the 0.9300 mark in the early North American session. After Credit Suisse said it will use an option to borrow up to $54 billion from the…
Patanjali Foods said on March 16 that it will start the process of launching a Follow-On Public Offering (FPO) in April to increase the public shareholding to 25%. This is because stock exchanges have frozen the shares of its founders. But in an interview with the news agency PTI on Thursday, Baba Ramdev reassured his…
Mumbai: In the midst of the worldwide selloff brought on by growing worries over the stability of Swiss lender Credit Suisse Group AG, India’s leading NSE Nifty 50 Index was set for a technical correction.The gauge slid as much as 0.5% Thursday, taking losses from an all-time high in early December to almost 10%. Up…
MUMBAI: Despite weak global cues, the key equity indices Sensex and Nifty rose in early trade on Tuesday. The 30-share BSE Sensex increased 205.55 points or 0.35 percent to 58,443.40 points during tumultuous trading, while the wider NSE Nifty increased 44 points or 0.26 percent to 17,198.30 points.Twenty stocks were trading up while ten were…
