IST, the barometer index, the S&P BSE Sensex, tumbled 646.09 points or 0.84% to 76,734.76. The Nifty 50 index declined 190.90 points or 0.81% to 23,240.60.
Asian shares slipped on Monday, following a strong US jobs report on Friday that fueled concerns about persistent inflation. This led to a rise in US Treasury yields and boosted the dollar. Brent ...
The Australian dollar is around its lowest level since 2020 against the US currency, continuing its move towards 61 US cents with a sharp fall over the weekend.
GS expects two rate cuts in 2025- in June and December, and one additional cut in 2026, bringing the Fed’s terminal rate to 3.5% to 3.75%, from current levels of 4.25% to 4.5%.