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Refinitiv after a glitch on the electronic trading platform caused trading volumes in the foreign exchange market to dry up, causing volatility in the rupee, which marked new lows versus the US dollar on Friday. Market sources told ET that the trading outage, which occurred around mid-day, resulted in orders drying up, exacerbating volatility in the rupee’s exchange rate amid a global selloff in stocks and bonds due to hawkish comments by the US Federal Reserve chairman. The rupee closed at an all-time low of 83.34 per US dollar on Friday. Intraday, the rupee weakened to as much as 83.48/$1, also a fresh low.

Investing.com -- U.S. stock futures were mixed heading into the final day of trading this week, as investors eyed Treasury yield moves and gauged the path ahead for interest rates following a closely-watched statement from Federal Reserve Chair Jerome Powell. Elsewhere, trade in the U.S. Treasury market is disrupted by a cyberattack on China's largest commercial lender by assets, while Apple (NASDAQ:AAPL) agrees to pay out a $25 million settlement over claims regarding its U.S. immigrant hiring practices.

Investing.com — The U.S. dollar slipped higher in early European trade Friday, but was heading for healthy weekly gains after Fed Chair Jerome Powell raised the possibility of further rate hikes to combat inflation. 

economy failed to grow in the July-to-September period but at least managed to avoid the start of a recession, figures from the Office for National Statistics showed on Friday. The 0% change in gross domestic product in the third quarter compared with a forecast for a 0.1% fall in a Reuters poll of economists, which many analysts said was likely to represent the start of a recession.

Investing.com-- Gold prices fell slightly on Friday and were set for steep weekly losses after a string of hawkish comments from Federal Reserve officials saw markets rethink bets for a pause in more interest rate hikes. 

rupee closed 1 paise lower at 83.28 against the American currency. “Rupee is expected to depreciate amid rise in dollar. The hawkish comments from the US Federal Reserve Chairman Jerome Powell has reinforced the possibility of another rate hike.

Investing.com-- Most Asian currencies moved in a flat-to-low range on Friday, while the dollar held on to recent gains as comments from Federal Reserve officials saw traders reassess expectations of no more interest rate hikes.

Investing.com-- Most Asian stocks fell on Friday tracking hawkish signals on U.S. interest rates, while weak earnings from industry majors including  Softbank and SMIC weighed on broader technology stocks.

US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two percent target, Fed Chair Jerome Powell said Thursday. «We know that ongoing progress toward our two percent goal is not assured: Inflation has given us a few head fakes,» Powell told a conference in Washington. «If it becomes appropriate to tighten policy further, we will not hesitate to do so,» he added, in remarks that were briefly disrupted by climate protesters. Powell's comments come just over a week after the US central bank voted to hold interest rates steady at a 22-year high for a second consecutive meeting, fueling expectations that it was done with rate hikes. While the Fed's rate-setting committee is «committed» to achieving a sufficiently tight stance of monetary policy, «we are not confident that we have achieved such a stance,» Powell said. The Fed chair's comments suggest the US central bank is still concerned about the prospect of a re-acceleration of inflation, which has more than halved since peaking last year, according to the Fed's favored yardstick. However, Powell later indicated that he felt the Fed was «probably» at a point where its monetary policy was «significantly restrictive,» suggesting that the Fed felt confident in its current stance. «We're watching the effect carefully on the economy,» he said.

Asian stocks fell to their lowest in a week on Friday, while the dollar was firm as elevated Treasury yields weighed on sentiment after hawkish comments from U.S. Fed Chair Jerome Powell extinguished expectations of a peak in interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1% to a one-week low of 486.39, while Japan's Nikkei was 0.50% lower.

Sensex fell 143.41 points to end at 64,832.20, while the Nifty 50 settled 48.20 points lower at 19,395.30. Nifty 50 formed a reasonable negative candle on the daily chart that placed within a high low range of 19,460-19,350 levels.

markets remained range-bound for the third day in a row and ended marginally lower on Thursday. «Overall we expect the ongoing recovery to continue and any dips can be used as buying opportunity,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded higher by 41.5 points, or 0.21 per cent, at 19,380.5, signaling that Dalal Street was headed for negative start on Friday.

global markets after hawkish comments from the US Federal Reserve Chairman Jerome Powell. Asian markets traded lower, while the US stocks ended in the red overnight as treasury yields rose after the Fed Chair signaled that the central bank may need more interest rate hike to bring down inflation. On Thursday, the domestic equity benchmark indices ended lower amid mixed global cues.

Investing.com — Stocks sank on Thursday after Federal Reserve Chair Jerome Powell dashed investor enthusiasm over the end of interest rate increases.

By Rae Wee

Climate protesters delay the start of Federal Reserve Chairman Jerome Powell's speech at the Economic Club of New York.

By Howard Schneider and Ann Saphir

Federal Reserve Chair Jerome Powell suggested that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace

Stocks fell on Wall Street as the pressure cranked higher from the bond market again

Investing.com --  The Dow closed lower Thursday, as Federal Reserve chairman Jerome Powell dealt a blow to bets on sooner rather later rate cuts after signaling that the Fed isn't ready to close the curtain on rate hikes.

By Karen Brettell