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1. U.S Markets in Red Awaiting More Economic Cues U.S Markets traded flat ahead of consumer price and inflation data announcement on Thursday. The announcement will be key in predicting how long the U.S Federal Reserve will keep the record-low interest rates unchanged. Crude oil prices cooled off continuing yesterday’s trend, after concerns of oversupply.  […]
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India advances 20% ethanol blending in petrol to 2025: PM Modi Prime Minister Narendra Modi, on Saturday, said the target date for achieving 20% ethanol-blending with petrol has been advanced by five years to 2025 to cut pollution and reduce import dependence. The E100 pilot project related to the production and distribution of ethanol was […]
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RBI keeps policy rates unchanged, cuts FY22 GDP growth to 9.5% The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 4%. The reverse repo rate will also remain unchanged at 3.35%. The central bank will maintain its ‘accommodative’ stance as long as necessary […]
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India’s services PMI falls into contraction territory in May India’s services sector activities slumped into contraction territory for the first time in eight months in May 2021. The deadlier second wave of the Covid-19 pandemic has led to muted domestic demand and a sharp decline in international orders. The IHS Markit India Services Purchasing Managers’ […]
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1. U.S Stocks Continue To Move Up; Markets Awaiting Key Data U.S stocks continue to move up as markets wait for the U.S. Jobs Data. The S&P 500 gained, mostly led by tech stocks. The dollar remained stronger ahead of comments from the U.S Federal Reserve officials. Crude futures extended gains and continue to move […]

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