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The renewed selling is snuffing out a nascent recovery in foreign demand following an unprecedented stretch of underperformance by Indian stocks against regional peers.
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SYDNEY: The Australian dollar slipped to a nine-week low on Wednesday as inflation data came in just under forecasts and led markets to lengthen the odds on another rate hike, at least in the near term. The miss was marginal but gave speculators an excuse to keep selling the currency after three straight weeks of falls.
Australian shares edged up on Wednesday but were headed for their worst monthly decline in six months as investors stayed on the sidelines ahead of domestic inflation data due later in the day. The S&P/ASX 200 index rose 0.1% to 8,718.1 points as of 0006 GMT.
IT stocks rebounded on Wednesday, with TCS, Wipro and Coforge snapping an eight-session losing streak. The Nifty IT index rose nearly 3%, aided by a stronger US dollar and higher US bond yields…
The United States has offered energy companies access to up to 40 million barrels of crude oil from its Strategic Petroleum Reserve (SPR), marking the final phase of an international agreement to…
JAKARTA: Malaysian palm oil futures inched higher on Wednesday after a three-session slide, supported by strength in Dalian vegetable oil, but remained on track for their first monthly drop in four…
