Rupee below 82USD for First Time in a Month

MUMBAI, Dec 6 Reuters The Indian rupee fell below 82 to the U.S. currency for the first time in over a month on Tuesday, likely due to stop losses and dividend paymentrelated outflows. The rupee was at 82.2550 to the dollar at 1058 a.m. IST, down from 81.79 in the previous session. The local unit […]
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Stocks Slip, Dollar Up as Data Challenges Fed Pause Hopes

SINGAPORELONDON, Dec 6 Reuters Global stocks headed for a third straight day of losses on Tuesday and the dollar rose after more U.S. data reinforced the belief among investors that the Federal Reserve might stick longer with aggressive interest rate rises. MSCI39;s world index fell 0.3, led by tech stocks which are often more sensitive to […]
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Australia Central Bank Raises Rates 25 bp to 3.1

SYDNEY, Dec 6 Reuters Australia39;s central bank raised its cash rate 25 basis points to a 10year high of 3.10 on Tuesday and reiterated that further policy tightening will be needed ahead, although policy was not on a preset path. Wrapping up its December policy meeting, the Reserve Bank of Australia RBA said the size […]
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Oil Prices Rise after OPEC Keeps Output Cut Targets

Brent, WTI gain as much as 2 before paring gains OPEC sticks to plans to cut production by 2 mln bpd More Chinese cities relax COVID19 restrictions SINGAPORE, Dec 5 Reuters Oil prices edged up on Monday after OPEC nations held their output targets steady ahead of a European Union ban and a price cap […]
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