India's trade numbers showed sharp drops in both exports and imports in May. Exports contracted for the 6th straight month at -20.2%y/y from -14.0% in April. More pertinently, it contracted by double digits for the 5th c…
India's trade numbers showed sharp drops in both exports and imports in May. Exports contracted for the 6th straight month at -20.2%y/y from -14.0% in April. More pertinently, it contracted by double digits for the 5th consecutive month. Imports slumped to -16.5% from -7.5% in April. Trade deficit subsequently narrowed to a three-month low of USD10.4bn from USD11.0bn in April. The release suggests a slower growth trajectory dragged by sustained weakness in both domestic and external demand. USD-INR gained for the fourth straight session, closing higher by 0.13% to 64.25 yesterday, notes Commerzbank.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
