Category «Economy»

Rupee falls sharply to the dollar as pandemic resurgence grips Europe

Rupee falls sharply to the dollar as pandemic resurgence grips Europe

By Administrator_India Capital Sands The Indian rupee depreciated sharply on Monday as Europe got under a renewed grip of the coronavirus pandemic and risk aversion pushed the dollar index higher. The rupee fell about 24 paise on Monday to close at 73.85 a dollar as the dollar appreciated against major currencies, and nationalised banks bought dollars from …

Diesel, Petrol prices remain unchanged for 21st straight day– Check fuel prices in metro cities on October 23, 2020

Diesel, Petrol prices remain unchanged for 21st straight day– Check fuel prices in metro cities on October 23, 2020

By Administrator_India Capital Sands New Delhi: Petrol and diesel prices remained unchanged on Thursday, as state-run oil marketing companies held the fuel prices steady. Rates differ from state to state depending on the incidence of VAT. Taxes make up for nearly two-third of the retail selling price. Here is looking at the price difference of …

Pound Falls on Lockdown, Brexit Fears

By Administrator_ India Capital Sands The pound fell sharply Tuesday as concerns about a no-deal Brexit and fears over a looming lockdown hurt sentiment. GBP/USD fell 0.95% to $1.2940. The possibility of the UK leaving the EU without a trade deal is a “credible hypothesis,” French foreign minister Jean-Yves Le Drian reportedly said Tuesday, according to …

Double-digit rise in exports helps India nearly halve trade gap with China

Double-digit rise in exports helps India nearly halve trade gap with China

By Administrator_India Capital Sands India’s robust double-digit exports growth to China, coupled with sharp contraction in imports, nearly halved the trade gap between the two trading partners in the first five months of the current fiscal year (2020-21, or FY21) over the same period of 2019-20 (FY20). The restriction on imports from China, along with …

Australian wage growth lowest ever in second quarter as pandemic rages on

By Administrator_India Capital Sands Australian wages grew at their slowest pace on record in the second quarter, underscoring the damage the coronavirus has done to household spending, after recent data showed consumer confidence and business conditions were hit. The official WPI rose 0.2% in the three months to the end of June, the Australian Bureau …

Emerging market FX to struggle against mighty U.S. dollar this year

Dollar Continues Downward Trend Ahead of Trump-Biden Debate

By Administrator_India Capital Sands Hobbled emerging market currencies will struggle over the next three months against the stronger dollar as tensions between the United States and China over the coronavirus pandemic mount, a Reuters poll of FX strategists showed. Just as traders were cosying up to unprecedented aggressive policy easing and some investors were a …