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India's Central Bank Retains Key Rate Unexpectedly

India’s central bank kept its key benchmark rates unchanged in a surprise decision, on Friday, while shifted its policy stance to “calibrated tightening” from neutral. The six-member Monetary Policy Committee of the Reserve Bank of India decided to maintain the repo rate at 6.50 percent. The reverse repo rate was retained at 6.25 percent. Governor…

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U.S. Jobless Claims Drop More Than Expected To 207,000

With the release of the closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing a bigger than expected drop in first-time claims for U.S. unemployment benefits in the week ended September 29th. The Labor Department said initial jobless claims fell to 207,000, a decrease of 8,000 from the previous…

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U.S. Weekly Jobless Claims Drop More Than Expected

With the release of the closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing a bigger than expected drop in first-time claims for U.S. unemployment benefits in the week ended September 29th. The Labor Department said initial jobless claims fell to 207,000, a decrease of 8,000 from the previous…

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Dollar Little Changed After U.S. Weekly Jobless Claims

At 8:30 am ET Thursday, U.S. weekly jobless claims for the week ended September 29 have been released. After the data, the greenback changed little against its major counterparts. The greenback was trading at 114.12 against the yen, 0.9924 against the franc, 1.1497 against the euro and 1.2994 against the pound around 8:31 am ET.…

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Japan Household Spending Spikes 2.8% On Year In August

The average of household spending in Japan was up 2.8 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday – coming in at 292,481 yen. That beat expectations for an increase of 0.1 percent, which would have been unchanged from July. The average of monthly income per household stood…