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FM Jaitley exhorts US companies to invest more in infrastructure sector

Last Updated: Monday, September 14, 2015, 11:55

Jaitley was addressing the 11th Indo-US Economic Summit, which among others was attended by the US Ambassador to India, Richard Verma.

Our objective is to build on Indo-US bilateral relation: FM Jaitley

Last Updated: Monday, September 14, 2015, 10:45

Both India and US have ambition to increase bilateral trade from existing $100 bn to $500 bn in next few years, Jaitley said.

Gold hovers near one-month low as traders eye Fed meeting

Last Updated: Monday, September 14, 2015, 10:04

The Fed will kick off a much awaited two-day policy meet on Wednesday. Many expect traders to remain on the sidelines until the Fed statement on Thursday, though prices could drop because of persistent uncertainty.

Rupee gains 14 paise at 66.40 against US dollar

Last Updated: Monday, September 14, 2015, 09:44

Forex dealers said that besides selling of the American currency, a higher opening in the domestic equity market and weakness of the dollar against other currencies supported the rupee.

Asian shares edge up, brush off soft China data

Last Updated: Monday, September 14, 2015, 09:34

US stock futures rose 0.4 percent from late US levels in early Asian trade while Japan`s Nikkei rose 0.4 percent. MSCI`s broadest index of Asia-Pacific shares outside Japan gained 0.3 percent.

Rupee and reserves to remain restless: Experts

Last Updated: Saturday, September 12, 2015, 18:15

The US Fed will decided on whether or not to raise interest rates in its Federal Open Market Committee (FOMC) slated for September 16-17.

US federal budget deficit shrinks

Last Updated: Saturday, September 12, 2015, 10:17

The budget deficit stood at $64.4 billion in August, 50 percent less than the amount recorded a year ago Xinhua quoted the US Treasury Department as saying on Friday.

US dollar traded mixed

Last Updated: Saturday, September 12, 2015, 09:49

The PPI report indicated relatively low inflation level, therefore lowering market expectation for an interest-rate hike as early as this month.

US stocks tick up ahead of Fed policy meeting

Last Updated: Saturday, September 12, 2015, 07:33

The US stocks pared early losses to end higher Friday, as investors pondered over economic reports ahead of the US Federal Reserve's key policy meeting.

Fed hike better for India as delay may stall Fx inflows: Report

Last Updated: Friday, September 11, 2015, 18:56

Expecting a 25 bps hike in the US Fed rate post-September 17 meeting, American brokerage Bank of America-Merril Lynch Friday said delayed Fed action will only harm India as a postponement will stall portfolio inflows and prolong volatility.

Global economy Weekahead: Fed to dominate week of central bank meetings

Last Updated: Friday, September 11, 2015, 14:58

The U.S. Federal Reserve takes centre stage in the coming week, eclipsing industry data from China, another grim inflation reading from the euro zone and rate decisions in Japan and Switzerland.

US jobless claims drop; imported inflation remains weak

Last Updated: Friday, September 11, 2015, 10:27

The U.S. labor market appeared to gain momentum in early September as fewer Americans filed for weekly unemployment benefits, but weak inflation pressures may complicate the Federal Reserve`s decision whether to raise interest rates.