US Jobs Report Preview: June Payroll Growth Seen Slowing as Fed Rate Decision Looms 
US Resumes Dollar Shipments to Iraq After Months-Long Suspension 
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook 
Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
It's official. Indian economy is growing at faster pace than China. Indian economy grew at faster pace of 7.4% in third quarter of 2015, broadly defying emerging market slowdown. In second quarter economy grew by 7%.
Whereas drop in commodity prices has slumped growth in Russia, Indonesia, Malaysia, India reaped benefit from those declines. Inflation has cooled, thanks to lower energy prices, enabling Reserve Bank India (RBI) to reduce rates sharply by 125 basis points. India is major commodity importer.
However, India's growth is not that impressive, considering the lower energy prices. Government has pushed reforms to make investments in the country easy and to do business. However, export sector hasn't improved much, in spite of falling value of Indian Rupee. India benefitted from lower oil price, however still importing lots of oils , which make the country vulnerable to oil price shock.
While Indian G-sec has performed well as RBI reduced rates, however stock market hasn't been much of a performer this year, down close to 5%., while Ruppe is down close to 6% against Dollar.
