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The Fed set the target policy rate between 4.25% and 4.5% at its December meeting. Data since then has shown inflation easing and the labor market slowing modestly from the torrid pace of job and wage growth through much of 2022.

Atlanta Federal Reserve Bank president Raphael Bostic said on Thursday that the inflation data may allow the Fed to scale back to quarter-point rate hikes at its upcoming meeting. Gold is seen as an inflation hedge, but higher interest rates increase the opportunity cost of holding the asset.

“The asymmetric nature of future inflation distribution may be useful in explaining the tail risks of inflation and in helping the monetary policy in communicating the balance of risks,” it said.

The central bank, which went into the allegations by directors who quit complaining that the management was not cooperating to put the house in order, is said to be concurring with the forensic audit conducted by the company, which found out violations, including evergreening of loans.

Smart World & Communication (SWC) was founded in 2016 to cater to the demands in smart cities, address opportunities and provide smart solutions in the areas of end-to-end communications, city surveillance and intelligent traffic management system for the Government as well as enterprises

A barrel of Brent oil could reach $110 by the third quarter if China and other Asian economies fully reopen from coronavirus restrictions, Currie said. Futures are trading above $82 a barrel on Wednesday.

The group, through its entity Alibaba.com Singapore E-Commerce, sold 1,92,00,000 shares of the company at Rs 536.95 a share, bulk deals data showed

Dynasty Acquisition (FPI), a company linked to Apax Partners, is expected to sell up to 173 lakh shares, representing 4.63% stake in the company

"Last year, the markets were impacted by the severe bearish sentiment that came from the US and the rest of the world," Jayasankar said, adding that while the volatilities will continue this year, the same will be more "manageable", making the IPO window available through the year.

Cost-conscious retail investors shift focus to ETFs