ShreeMetalPrices: RBI Governor; Rupee has acted in a disciplined manner.
RBI Governor Shaktikanta Das said on Wednesday that despite the rupee recent downward trend. Which saw it even cross the 83 level against the US dollar, the Indian currency had behaved orderly and that its trajectory shouldn’t really be taken emotionally. During his speech at the FICCI Banking Summit in Mumbai. Das predicted that capital […]
ShreeMetalPrices: Oil Prices Stabilized; Prospects China’s Demand Outweighs Economic Fears.
On Friday, oil prices rose as expectations for increased Chinese demand as well as a declining US currency overshadowed worries about a global economic slowdown and the effect of rising interest rates on gasoline use. To combat inflation, the United States Federal Reserve is attempting to slow its economy and it will continue to raise […]
ShreeMetalPrices: IMF Issues a 2023 Recession Warning and a Bleaker Forecast for the World.
In light of growing risks of a recession and financial instability. The International Monetary Fund will next week revise downward its projection for 2.9% global growth in 2023. According to managing director Kristalina Georgieva. With the shocks brought on by the COVID-19 epidemic, Russia’s invasion of Ukraine, and climate crises on every continent. Georgieva claimed […]