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Two pieces of macroeconomic news have brought cheer to the economy and financial markets. India clocked a surprisingly strong GDP growth of 7.8 per cent for the first quarter of the current fiscal year. The other good news for the economy is the record collection of 136 billion dollars through the RBI’s FCNR (B) scheme.
The US Federal Reserve began its quiet period this weekend, with officials still weighing whether or not increased interest rates are needed to dampen inflation. The Fed's self-imposed blackout window refers to the two-week period in which US central bankers are prohibited from making public remarks on policy.
The US Federal Reserve began its quiet period this weekend, with officials still weighing whether or not increased interest rates are needed to dampen inflation. The Fed's self-imposed blackout window refers to the two-week period in which US central bankers are prohibited from making public remarks on policy.
