The Indian Rupee reached an all-time low against the US Dollar on Friday. It crossed the significant 89 per dollar mark for the first time. Traders cited a lack of Reserve Bank of India intervention and a high trade deficit as key reasons. The currency experienced a sudden and sharp fall in the last hour...Read More

Among euro-denominated assets, investors often turn to German bonds when global risk sentiment sours, given the country’s very low default risk and high bond market liquidityRead More

Elevated asset valuations and historically compressed credit spreads, she said, are not just indications “that policy most likely isn’t very restrictive. They’re also indications that the fed funds rate needs to offset tailwinds from financial conditions,” Logan saidRead More

Wall Street estimates the weight-loss drug market to be worth $150 billion by 2030, with Lilly and Novo together controlling the majority of projected global salesRead More

Data from NSE showed that Adani Commodities, a subsidiary of Adani Enterprises, sold 39.5 million shares in AWL Agri for 275.09 rupees apiece, while data from BSE showed that it sold 51.5 million shares for 275 rupees apieceRead More

Wall Street’s main indexes opened higher on Friday as traders raised bets on an interest rate cut by the Federal Reserve in December following commentary from policymakers, with tech stocks stabilizing after last session’s rout.Read More

Progress on inflation has “temporarily stalled,” Williams acknowledged in comments prepared for delivery at a Central Bank of Chile event, and added it was “imperative to restore inflation to our 2% longer-run goal on a sustained basis,” from a current level that he estimatesRead More

Markets regulator Sebi has banned mutual funds from pre-IPO share placements. They can still invest in anchor rounds. This aims to boost liquidity and transparency in IPOs. Sebi also plans to simplify IPO disclosures for investors. Retail investors are losing money in derivative trading due to excessive enthusiasm.Read More

The Indian rupee slumped to a fresh record low in its biggest single-day decline since May, battered by portfolio outflows, uncertainty over a U.S.-India trade deal and a pullback in the central bank’s defense of a key levelRead More

A recent Fed report showed some 30% of respondents felt a turn in sentiment against AI is a salient risk to the U.S. financial system and the global economy.Read More