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St. Louis Fed President Albert Musalem believes current U.S. policy rates strike a good balance between economic risks, with inflation nearing the 2% target and a stabilizing labor market. Meanwhile, Kansas City Fed President Jeffrey Schmid highlights inflation as a persistent challenge, suggesting more work is needed despite a healthy employment situation.Read More

The rupee strengthened by 6 paise to 90.85 against the US dollar in early trade on Thursday, driven by a weaker greenback and FII inflows. Positive domestic equity market sentiment also supported the local unit, though rising crude oil prices and geopolitical uncertainties limited significant gains.Read More

Indian IT stocks have seen a sharp downturn in February, with the Nifty IT index dropping 21%. This decline was triggered by new AI launches and capabilities from startup Anthropic, raising investor concerns about potential disruptions to the sector. Major IT firms experienced significant single-day losses following these developments.Read More

Bank of Japan board member Hajime Takata is urging a shift from fighting deflation to preventing inflation overshoot, advocating for gradual interest rate hikes. He believes Japan has met its inflation target and emerged from stagnation, warning that global economic factors could further pressure prices. Takata’s hawkish stance signals a potential recalibration of global liquidity dynamics.Read More

Sanofi Consumer Healthcare shares surged over 14% following a robust 50% year-on-year net profit increase to Rs 66.5 crore in Q4. Driven by product relaunches and strong export growth, the company reported a 47% revenue jump. Full-year profit rose 33%, prompting a Rs 75 per share dividend payout.Read More