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Market Outlook: FII outflows to drag rupee further down

This quarter has seen the foreign institutions selling of $4 billion worth of equities due to US Fed policy on interest rates next year ....

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Gold firms on inflation bets; focus on US Federal Reserve's policy verdict

By Asha Sistla
(Reuters) - Gold prices edged up on Wednesday to hover near their highest in more than two weeks on prospects of higher inflation, although trade was range-bound as investors exercised caution ahead of the U.S. Federal Reserve s two-day policy meet outcome.
Spot gold was up 0.2% at $1,734.00 per ounce by 0310 GMT, having touched a high of $1,740.90 since March 1. U.S. gold futures were up 0.1% to $1,731.90.
Gold appears to be finding few friends finally even as U.S. yields and the dollar continue to grind higher . perhaps gold s inflation hedging role is quietly returning to prominence and that is supporting prices, said OANDA senior market analyst Jeffrey Halley. ....

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