The dollar experienced fragility amidst concerns that President Trump might dismiss Federal Reserve Chair Jerome Powell, impacting U.S. market confidence. Trump denied immediate plans but kept the option open, criticizing Powell’s interest rate policies. Investors fear undermining the Fed’s independence,…
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Chief executive Srinivas Pallia, who completed one year at Wipro’s helm in April, said as the uncertainty deepened in the fourth quarter of 2024-25 with new headwinds led by tariffs, Wipro is helping its clients define roadmaps, identify AI opportunities…
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India and the United States are in advanced talks for a trade agreement. Negotiators are working to finalize the deal before an August 1 deadline. The US aims to address trade imbalances. A successful agreement could shield India from new…
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With Bitcoin hitting fresh highs, Indian crypto exchanges like CoinDCX, CoinSwitch, and Mudrex have clocked net inflows of $150-200 million in just the past week. CoinDCX’s daily trading volume jumped 40% in July to 12.82 million, up from 9.17 million…
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Reserve Bank of India Governor Sanjay Malhotra indicated a cautious approach to further rate cuts, emphasizing the equal importance of growth and price stability. The MPC, having already reduced the repo rate by 100 basis points, will assess evolving inflation…
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The Reserve Bank of India will conduct a bond switch auction. It aims to manage government debt. Bonds worth ₹32,000 crore will be switched. This move reduces redemption pressure in the coming years. It also helps in lowering the fiscal…
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