The US dollar reached a six-month high against the yen as several Fed officials suggested that monetary policy may need further tightening. Minneapolis Fed President Neel Kashkari said the US rate may need to be 6% for inflation to achieve the 2% target, while the St. Louis Fed President James Bullard said the bank may need to increase it half a point this year. Meanwhile, the debt ceiling deadline prompted concern over the situation and boosted the US dollar’s safe-haven status.
Shareholders of Gokaldas Exports vote against ESOP resolutions
Although 63% of participating shareholders supported the resolutions, 37% voted against them. As these were special resolutions, they required at least three times more votes
January 23, 2025