US President Barack Obama is expected to nominate Janet Yellen as head of the Federal Reserve Board, White House has said. If confirmed by the Senate, she would replace Ben Bernanke as Chair of the......
US President Barack Obama has nominated Janet Yellen to head the Federal Reserve Board, describing her as one of America's "foremost economists and policy makers". If confirmed by the Senate,......
The Senate gave Ben Bernanke a second four-year term as the head of the Federal Reserve on Thursday, despite sharp attacks on his role in the years leading up to the 2008 financial crisis. After a......
One of the primary reasons for the recovery in the equity markets was stability and recovery in the currency market. Rupee has recovered nearly 11% since RBI governor Raghuram Rajan introduced......
Hit hard by hefty outflows on US Fed's plan to exit stimulus, rupee on Thursday closed at all-time low of 59.57 against dollar retreating from nearly 60-levels on suspected RBI intervention and pep......