Extending its losing run for the sixth straight session, the rupee today plummeted by a staggering 36 paise to hit a fresh 13-month low of 66.48 against the US dollar.
US stocks index futures treaded water, ahead of a bevy of earnings from the world’s biggest companies and as wary investors watched US bond yields approach peaks.
Gold slipped to their lowest level in nearly two weeks in range-bound trade, as the dollar rose on the back of climbing US Treasury yields and as global concerns eased.
A significant global trade war would have very negative economic effects though it is still too soon to say if such a conflict will arise, John Williams said.
Foreign investors have pulled out nearly Rs 8,000 crore from the Indian capital markets so far this month due to considerable volatility in global markets.
U.S. stock index futures nudged higher following strong earnings from industrial heavyweights General Electric and Honeywell.
New applications for US unemployment benefits fell last week, indicating continued job growth after a slowdown in March.
US stock index futures edged lower, as the effect of higher oil prices was offset by declines in chipmakers, following a weak forecast from Taiwan Semiconductor.
U.S. stock futures rose after the latest batch of results including Wall Street bank Morgan Stanley (MS.N) added to optimism about the U.S. corporate reporting season.
Gold prices eased as the dollar and stocks advanced, pointing to higher demand for riskier assets driven by upbeat US economic data and strong corporate earnings reports.
HDFC BANK Q4 REVIEW
PAT at Rs 4799 Cr vs Rs 3990 Cr, up 20.2%
NII at Rs 10,658 Cr vs Rs 9,055 Cr, up 17.7%
Net Interest Margin at 4.3%
Other Income at Rs 4229 Cr vs Rs 3446 Cr, Up 22.7%
Operating Profit at Rs 8835 Cr vs Rs 7279 Cr, up 21.3%
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