Rupee hits new record low vs US dollar, here are reason s for the same | Oneindia News
Video Credit: Oneindia - Duration: 04:20s - Published
Rupee hits new record low vs US dollar, here are reason s for the same | Oneindia News
After red-hot US inflation statistics boosted the potential of aggressive Fed tightening later this week, the Indian rupee dropped to a new record low of more than 78 against the US dollar today.
In the face of rising expenses and slowing growth, demand for safe haven assets pushed the dollar higher.
The Indian rupee fell to a new low of 78.28 per dollar, while the benchmark 10-year bond yield climbed to 7.60 percent, its highest level since February 28, 2019.
Step into the world of high fashion with our exclusive coverage of the Met Gala 2024! From Alia Bhatt's stunning Sabyasachi saree to innovative interpretations of the time-themed attire, delve into the glitz, glamour, and groundbreaking fashion moments from one of the most anticipated events of the year. Explore the red-carpet highlights, inside the museum's 'Sleeping Beauty: Reawakening Fashion' exhibition, and more. Join us for a night of unparalleled elegance and creativity at the Met Gala 2024!
#MetGala #MetGala2024 #MetGalaEvent #MetGalaCelebrities #GardenofTime #AliaBhattMetGala2024 #KendellJennerMetGala2024 #TylaMetGala #EntertainmentNews #Oneindia
~HT.99~PR.274~ED.103~
Sam Pitroda, Indian politician and close aide to the Congress party, has sparked yet another controversy with his recent remarks. In a statement, Pitroda commented on the appearance of people from the East, drawing criticism from the BJP. This comes after Pitroda's earlier controversial statement regarding inheritance tax in the United States. Stay tuned for more updates on this developing story.
#SamPitroda #SamPitrodaControversy #SamPitrodaCongress #CongressvsBJP #SamPitrodaRacistComment #SamPitrodaControversialRemark #SamPitrodaOversees #CongressUnitedStates #OneindiaNews
~ED.194~HT.318~GR.123~
Dive into the controversy surrounding Tesla's recent layoffs as Elon Musk's termination mail, described as 'insensitive', sparks outrage among employees and netizens. Join us as we explore the fallout and hear firsthand accounts from affected employees, shedding light on the human impact of corporate decisions.
#ElonMusk #ElonMuskMail #Tesla #TeslaLayoff #TeslaTerminationMail #TeslaEmployee #TeslaNews #Oneindia
~HT.178~PR.274~ED.194~GR.121~
Explore the inauguration event marking Vladimir Putin's fifth term as president, amidst growing isolation from the West. Despite criticism, Putin solidifies his domestic power, highlighted by a church service aiming to bolster his rule. Delve into the implications of Putin's continued leadership amid international tensions.
#VladimirPutin #PutinInaugurationCeremony #RussiavsWest #VladimirPutinInauguration #Putin5thTerm #RussiaUkraineWar #Oneindia
~PR.274~ED.101~GR.121~HT.96~
Israeli tanks seized the Rafah Crossing in Gaza, intensifying conflict as warplanes bombarded homes. At least 12 casualties were reported. Despite Hamas accepting a ceasefire, Israel vowed to continue its military operation. Troops are conducting a "limited op," trapping civilians. Egypt closed Rafah Crossing to prevent mass exodus. Over a million refugees sheltering in Rafah face grave risk, prompting UN warnings and international appeals ignored by Israel.
#Israel #RafahCrossing #Gazawar #Egypt #RafahOffensive #UN #IsraelGazalive #IsraelHamas #Worldnews #Oneindia #Oneindianews
~PR.152~ED.101~GR.125~HT.96~
Key Federal Reserve Inflation Gauge , Rose 2.8% in March.
According to Commerce Department
data released on April 26.
the personal consumption expenditures
(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .
That exceeded Dow Jones
estimates of 2.7%, CNBC reports. .
When also accounting for food and energy, the all-items PCE measure rose 2.7%,
which was above the 2.6% estimate.
Inflation reports released this morning
were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.
... but investors should not get
overly anchored to the idea that
inflation has been completely
cured and the Fed will be cutting
interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.
The prospects of rate cuts remain,
but they are not assured, and the
Fed will likely need weakness in
the labor market before they
have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.
Consumers continue to spend despite
higher prices, CNBC reports.
Personal spending increased 0.8% in March, while personal income rose 0.5%.
The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.
The Fed continues to target 2% inflation, which the core PCE has exceeded for
the last three years, CNBC reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
By mid-afternoon, the Dow had fallen
1.4%, the S&P 500 went down 1.6%,
and the Nasdaq dropped 1.8%.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The warning comes after Iran
accused Israel of a deadly airstrike
on a consulate in Damascus, Syria. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
Brent crude futures jumped up to $90.42
a barrel, and West Texas Intermediate crude
futures increased to $86.65 a barrel.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
CNN reports that Americans' opinions of
the economy have dipped in the past few
months amid persistently high inflation.
The geopolitical fears come as investors are already
contending with concerns that the Federal Reserve could
wait to bring interest rates down from a 23-year high.
Officials at the Fed have signaled that further rate
hikes could still be on the way if the central
bank's efforts to fight inflation stall.
Credit: Wibbitz Top Stories Duration: 01:31Published
Federal Reserve Posts Massive, $114 Billion , Loss in 2023.
On March 26, the Federal Reserve
announced a record-breaking net
negative income of $114.3 billion in 2023.
Reuters reports that the loss follows
$58.8 billion in net income in 2022. .
Since releasing the numbers,
the Fed has stressed that negative net
income does not impede its ability to operate.
Since releasing the numbers,
the Fed has stressed that negative net
income does not impede its ability to operate.
As a result of low rates and large
levels of bond holdings, the Fed has
earned significant profits in recent years.
Last year, the Fed's audited interest expenses for
banks' reserve balances reached $176.8 billion,
an increase of over $116 billion from 2022.
In 2023, the Fed's interest payouts from
its reverse repo facility were $104.33 billion,
increased from $41.9 billion the year before.
Reuters reports that the Fed creates funds when
dealing with operating losses, capturing its loss
in an accounting device known as a deferred asset.
Reuters reports that the Fed creates funds when
dealing with operating losses, capturing its loss
in an accounting device known as a deferred asset.
At the close of 2023, the deferred
asset stood at $133.3 billion.
As of March 20 of this year, that number
had risen to $157.8 billion with no
indication of how much larger it could get.
Last year, a St. Louis Fed report forecast that it
could take years before the Fed can return to
profitability and reduce the country's deferred asset.
Last year, a St. Louis Fed report forecast that it
could take years before the Fed can return to
profitability and reduce the country's deferred asset
Credit: Wibbitz Top Stories Duration: 01:30Published
In this Biz Pulse episode, we delve into market updates and the US Federal Reserve's announcement. Indian ADRs witness a decline, while IT stocks garner attention. Equity markets are on an upswing, while gold prices surge. Stay tuned for insights into these trends shaping the financial landscape.
#ADRStocks #ITMarket #StockMarket #Sensex #Nifty #IndianStocks #USStocks #USStockexchange #Businessnews #Worldnews #Oneindia #Oneindianews
~HT.178~PR.282~ED.101~GR.124~
In yet another big and new development in the ongoing political crisis in Maharashtra, the recent tweet by NDTV revealed that the hotel booking in Guwahati has been extended by a week and 70 rooms have..
A 105 year old woman from Haryana sets an incredible record in 100 m race in Vadodara, Gujarat. The video of her effort has since gone viral on social media.
#ViralVideo #Rambai #Gujarat
On Tuesday, gold prices in India were poor, as the global yellow metal hovered near a four-week low. Gold August futures were trading at Rs 50,542 per 10 gramme on the Multi Commodity Exchange, down Rs..
![Met Gala 2024: Alia Bhatt to Kendall Jenner, Who Excelled the 'Garden of Time' Theme | Oneindia News [Video]](https://video.newsserve.net/300/v/20240508/1374986916-Met-Gala-2024-Alia-Bhatt-to-Kendall-Jenner.jpg)
![Congress' Sam Pitroda's Controversial Remark Goes Viral: BJP Calls it 'Racist' | Oneindia News [Video]](https://video.newsserve.net/300/v/20240508/1374975638-Congress-Sam-Pitroda-Controversial-Remark-Goes-Viral.jpg)
![Tesla Layoffs: Elon Musk's 'Insensitive' Termination Mail Goes Viral, Employee Responds | Oneindia [Video]](https://video.newsserve.net/300/v/20240507/1374913768-Tesla-Layoffs-Elon-Musk-Insensitive-Termination-Mail.jpg)
!['Make A Choice': Putin Daring Speech Against NATO & West In Front Of Cheering Crowd | Oneindia News [Video]](https://video.newsserve.net/300/v/20240507/1374908756-Make-Choice-Putin-Daring-Speech-Against.jpg)
![Israel Shuts Gaza Side Of Rafah Border Crossing As Troops & Tanks Storm Into City| Oneindia News [Video]](https://video.newsserve.net/300/v/20240507/1374902050-Israel-Shuts-Gaza-Side-Of-Rafah-Border-Crossing.jpg)
![Key Federal Reserve Inflation Gauge Rose 2.8% in March [Video]](https://video.newsserve.net/300/v/20240426/1373828506-Key-Federal-Reserve-Inflation-Gauge-Rose.jpg)
![Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points [Video]](https://video.newsserve.net/300/v/20240412/1372522960-Fears-of-Potential-Iranian-Attack-Drive-US-Stocks.jpg)
![Federal Reserve Posts Massive $114 Billion Loss in 2023 [Video]](https://video.newsserve.net/300/v/20240327/1371091068-Federal-Reserve-Posts-Massive-114-Billion-Loss-in.jpg)
![Biz Pulse: Upward Trend in Equity Markets, US Federal Reserve Announcement and Gold Price| Oneindia [Video]](https://video.newsserve.net/300/v/20240322/1370292644-Biz-Pulse-Upward-Trend-in-Equity-Markets-US.jpg)
![Shiv Sena crisis: Guwahati booking extended by a week, 70 rooms booked | Oneindia News *Political [Video]](https://video.newsserve.net/300/v/20220622/1337533780-Shiv-Sena-crisis-Guwahati-booking-extended-by.jpg)
![Gujarat: A 105 year old woman sets new record in 100 m race, wins gold | Oneindia News *sports [Video]](https://video.newsserve.net/300/v/20220622/1337519922-Gujarat-105-year-old-woman-sets-new.jpg)
![Gold prices crash Rs 1000 per 10 grams, here is why | Oneindia News [Video]](https://video.newsserve.net/300/v/20220614/1337135553-Gold-prices-crash-Rs-1000-per-10-grams.jpg)
