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USDINR

Analyzing the Impact of the US Debt Ceiling Crisis on Gold Prices and the USD-INR Exchange Rate

Date: May 29, 2023 The ongoing US debt ceiling crisis has reverberated across global financial markets, particularly affecting the movement of gold prices and the Dollar-Rupee exchange rate.  This news article delves into the implications of the crisis and examines the potential direction for these two key indicators in the coming week. It is important…

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CurrencyVeda’s Analysis Report on Global Markets

Global Markets Plunge as US Debt Default Fears Intensify, Investors Brace for Uncertainty- CurrencyVeda’s Analysis Report

Date: May 25, 2023 In a staggering turn of events, global stock markets witnessed a widespread tumble today as concerns over a potential US debt default sent shockwaves through the financial world. Investors around the globe are grappling with the increasing likelihood of the United States defaulting on its debt obligations, leading to a widespread…

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Delhi-NCR

India Inc’s topline growth in Q4FY23 to halve to 10-12%: Report

MUMBAI: As businesses begin disclosing their financials, India Inc. is likely to report a halving of revenue growth in the fourth quarter of FY23, a credit rating agency warned on Thursday.According to Crisil’s Market Information and Analytics division, the revenue growth will drop to 10–12% from 22.8–% for the January–March period last year.According to the…

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Delhi-NCR

India wants key supply-chain role as firms shift From China

WASHINGTON: According to India’s finance minister Nirmala Sitharaman, the country wants to expand its domestic consumer market, implement output-incentive measures, and become a more viable alternative to China in global supply chains.Sitharaman stated at the Peterson Institute for International Economics that so-called production-linked incentive programmes involving 13 industrial sectors, including semiconductors, “are bringing in global…

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