Dollar holds upper hand after retail sales boost

Dollar holds upper hand after retail sales boost

By Administrator_India Capital Sands The dollar held near three-week highs against a basket of major currencies on Friday after a raft of strong U.S. economic data rekindled expectations for earlier policy tightening by the U.S. Federal Reserve. U.S. retail sales unexpectedly increased in August, rising 0.7% from the previous month despite expectations of a 0.8% …

Dollar drifts as soft inflation raises taper timing questions

Dollar holds upper hand after retail sales boost

By Administrator_India Capital Sands The dollar drifted within recent ranges against major peers on Wednesday after softer-than-expected U.S. inflation raised doubts about a taper of Federal Reserve stimulus this year. The dollar index stood at 92.632, little changed from Tuesday, when it dropped following the inflation data only to recover on haven demand as stocks slid on …

Inflation pullback boosts RBI’s easy money policy before Oct policy meeting

Inflation pullback boosts RBI's easy money policy before Oct policy meeting

By Administrator_India Capital Sands India’s headline rate of inflation eased in August as food prices cooled, boosting the case for the central bank to keep interest rates lower for longer to support economic growth. Consumer prices rose 5.3% last month from a year earlier, the Statistics Ministry said in a statement on Monday. That was the slowest rate since …

Market Ahead Podcast, Sep 13: Factors that could guide markets this week

Market Ahead, Markets, News,

By Administrator_India Capital Sands Market is likely to eye movement in the stock of Reliance Industries this week, as lack of fresh triggers kept indices range-bound over the past couple of days. RIL’s subsidiary, Jio Platforms, postponed the launch of India’s cheapest smartphone – JioNext– last Friday. According to a Jefferies report, the smartphone is …

Ganesh Chaturthi 2021: Public celebration banned in these states

Ganesh Chaturthi 2021: Public celebration banned in these states

By Administrator_India Capital Sands Amid the fears of a possible COVID-19 third wave, some states have banned public celebration of Ganesh Chaturthi to prevent large gatherings. Maharashtra The Maharashtra government has now prohibited any physical ‘darshan’ of Ganesh idols or entry into Ganpati Mandals (associations) during the festival, which is usually celebrated on a large …

Byju’s in talks to raise up to $600 million ahead of IPO next year

Byju's in talks to raise up to $600 million ahead of IPO next year

By Administrator_India Capital Sands India’s most valuable startup, the online education provider Byju’s, is in talks to raise between $400 million to $600 million and then accelerate plans for an initial public offering next year, according to people familiar with the matter. The Bangalore-headquartered company could close the pre-IPO fundraising in a few weeks at a …

Dollar Up, Remains Near One-Week High Ahead of ECB Policy Decision

Dollar holds upper hand after retail sales boost

By Administrator_India Capital Sands The dollar was up on Wednesday morning in Asia, remaining near a one-week high. A weaker euro ahead of Thursday’s policy decision from the European Central Bank (ECB) gave the U.S. currency a boost. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.03% to 92.543 …

Jasprit Bumrah breaks Kapil Dev’s record with 100 Test wickets in just 24 matches

Jasprit Bumrah breaks Kapil Dev's record with 100 Test wickets in just 24 matches

By Administrator_India Capital Sands Indian pacer Jasprit Bumrah on September 6 added another feather to his cap by breaking legendary bowler Kapil Dev’s record to pick his 100th Test wicket for Team India in just 24 matches. Kapil Dev held the record for picking his 100th Test wicket in 25 matches. Bumrah achieved this feat during the …

COVID-19 curfew in Goa extended till September 13

COVID-19 curfew in Goa extended till September 13

By Administrator_India Capital Sands Goa government has extended the Covid-19-mandated curfew till September 13. In a notification issued, the state administration stated that the curfew will now remain in effect till 7:00 AM on September 13. The curfew was scheduled to end on September 6. “As part of the curfew, the state government has retained …