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The dollar index rebounded on Monday after data showed U.S. services industry activity unexpectedly picked up in November, prompting speculation the Fed may lift interest rates more than recently projected.
The Group of Seven price cap comes as the West tries to limit Moscow’s ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production.
The BSE midcap and smallcap indices performed in line with the main indices and ended on a flat note.
The dollar initially jumped on Friday after U.S. data showed that employers added 263,000 jobs in November, well above estimates of 200,000, but gave up the gains as traders booked profits, with some of the Fed speakers allaying market concerns.
“I do not even try to predict FII flows into India let alone China so because I do not think that is a relevant metric to track .”
Registered political parties that have secured not less than 1 per cent of the votes polled in the last Lok Sabha or legislative assembly election are eligible to receive funding through electoral bonds.
Brent crude futures were up 37 cents, or 0.4%, at $87.25 per barrel by 1441 GMT
Moreover, in an outlook that could lean against market expectations for rate cuts by the end of next year, the 19 U.S. central bankers’ new forecasts may well show the federal funds rate remaining at that elevated level at least through 2023.