Category «Economy»

India’s economy may have grown 22.1% in Q1, but demand is still low: RBI

India's economy may have grown 22.1% in Q1, but demand is still low: RBI

By Administrator_India Capital Sands The tapering of the second Covid-19 wave, coupled with an aggressive vaccination push, has brightened the near-term prospects for the Indian economy, and real gross domestic product (GDP) growth is estimated at 22.1 per cent in the April-June quarter, the Reserve Bank of India (RBI) said in its July bulletin on Thursday. “A …

Dollar pauses as rate hike fears ebb, Fed minutes up next

Dollar regroups after Powell push

By Administrator_India Capital Sands The dollar took a breather on Monday, after recent gains ran into a speed bump when details of last week’s U.S. jobs report soothed jitters about the timing of U.S. interest rate hikes. While the headline June job creation figure beat forecasts, unemployment ticked higher, workforce participation didn’t budge and the …

Bonds stung, dollar cheered by sudden hawkish turn at Fed

Wall Street closes higher, Treasury yields rebound despite COVID variant fears

By Administrator_India Capital Sands Asian equities fell to a three-week low on Thursday after the U.S. Federal Reserve stunned investors by signalling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher. The dollar boasted its strongest single day gain in 15 months as 10-year …

Asian shares slip, bitcoin tumbles as inflation worries linger

Wall Street closes higher, Treasury yields rebound despite COVID variant fears

By Administrator_India Capital Sands Asian stocks dipped and cryptocurrencies extended losses on Wednesday as uncertainties over inflation prompted investors to reduce exposure to riskier assets for now. Also weighing on digital coins was a new Chinese ban on financial institutions providing services related to cryptocurrency transactions. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped …

RBI governor to make unscheduled speech at 10am as Covid devastates India

India's economy may have grown 22.1% in Q1, but demand is still low: RBI

By Administrator_India Capital Sands Reserve Bank of India Governor Shaktikanta Das will make an unscheduled speech at 10 am today, Wednesday, as a new coronavirus wave threatens a nascent economic recovery. The address will be broadcast at 10am local time, the RBI said on Twitter. It didn’t elaborate. A team at the Indian Institute of Science in …

OECD raises India’s economic growth forecast to 12.6% for 2021-22

OECD raises India's economic growth forecast to 12.6% for 2021-22

By Administrator_India Capital Sands The Organization for Economic Co-operation and Development (OECD) has raised the projection for India’s economic growth rate by 4.7 per centage points at 12.6 per cent for 2021-22. That would enable India to retain its earlier tag of the fastest growing large economy in the world. In its interim report on economic outlook, OECD said: …

India’s GDP may contract 7.7% in FY21: First advance estimates

Retail inflation eases slightly to 6.26%, remains above RBI's comfort level

By Administrator_India Capital Sands The pandemic will pull down India’s gross domestic product by 7.7 per cent in 2020-21, the first advance estimate of GDP released by the National Statistical Office (NSO) on Thursday showed. This will be the biggest annual contraction in records going back to 1952, according to Bloomberg. The estimate by the NSO was …

‘Q2 GDP looks much better but no guarantee of improvement unless government spends more’

Retail inflation eases slightly to 6.26%, remains above RBI's comfort level

By Administrator_India Capital Sands  The Indian economy contracted 7.50 percent in the second quarter of this financial year against a decline of 23.90 percent in the first quarter. Technically, the country is in a recession following two straight quarters of contraction but the slowdown is gradually easing. The gross domestic product (GDP) growth is at …

Diwali gift: FM Nirmala Sitharaman likely to announce stimulus package today

Diwali gift: FM Nirmala Sitharaman likely to announce stimulus package today

By Administrator_India Capital Sands Finance Minister Nirmala Sitharaman is likely to announce a mega pre-diwali stimulus package on November 12 afternoon. These could include measures aimed at sectors worst hit by the COVID-19 pandemic, as well as listing out of infrastructure projects which will be expedited with the aim of job creation. FM Sitharaman will …

A year after Goodwin scam: This Diwali, avoid gold savings schemes of jewellers

Gold Treads Water as Investors Await U.S. Inflation Report

By Administrator_India Capital Sands It has been a year since the Rs 25 crore scam of Goodwin Jewellers  happened. As many as 1,573 individuals were duped into buying a gold savings scheme that had promised to offer gold jewellery of up to 14 percent more on the investment amount. But, come Dhanteras, which falls on November 13 …