Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Thailand Inflation Remains Negative for 10th Straight Month in January 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
India’s inflation continued to remain subdued during the month of November, exerting deeper pressure on the Reserve Bank of India (RBI) to undertake to ease policy in the next 2-day bi-monthly monetary policy scheduled to be held on February 7, a FxWirePro Poll showed Monday. 9 out of 10 economists polled at FxWirePro remained optimistic for a RBI rate cut in February 2017.
India’s consumer prices tumbled in November because of weak food prices. Consumer price inflation in India slowed to 3.63 percent year-on-year in November, owing to the drops in prices of food. The downward surprise was mainly because of fruits and vegetables.
Additionally, India’s wholesale price inflation fell during the month of November, at the slowest pace in five months. However, it came in higher than what market participants had priced in initially.
India's wholesale prices rose 3.15 percent year-on-year in November, its slowest pace in five months, data released by the Indian Ministry of Commerce and Industry showed Wednesday. The data compared with a 3.12 percent annual rise forecast by economists in a FxWirePro poll.
Moreover, the country’s inflation is anticipated to have eased further in coming months due to the failure of demonetization. This masterstroke brought in a pool of electronic transactions that deprived many of hand-to-hand cash exchanges, thus leaving the citizens in a wide array of lower spends overall.
The lower spread of cash transactions, coupled with a maximum limit on ATM withdrawals has pressurised the prices of many retail commodities, including luxuries and real estate prices as well.
"The RBI is expected to slash its benchmark repo rate by 25 basis points to 6.00 percent, following the decline in inflation expectations," said Chintan Master, Director, Finrex in an exclusive interview with FxWirePro last month.
The 2017-18 Union Budget, expected to be unveiled on February 1, 2017 is likely to incorporate a slash in the income tax bracket as well, allowing consumers to combat the negative effects of demonetization. The policy implementation is expected to boost consumer spending, allowing door for some recovery in inflation expectations.
