By Administrator_India Capital Sands The dollar headed for its worst back-to-back weekly drop this year amid a continued retreat in Treasury yields from more-than-one-year highs as investors increasingly bought into the Federal Reserve’s insistence of continued monetary support. The benchmark 10-year Treasury yield dipped to a one-month low of 1.528% overnight, from as high as 1.776% at […]
By Administrator_India Capital Sands The dollar fell to multi-week lows against the euro and the yen on Wednesday, after an uptick in a U.S. consumer price gauge did not spark wider fears about accelerating inflation and the Federal Reserve’s tapering, pushing down U.S. bond yields. The dollar ticked down 0.2% to 108.80 yen, touching its […]
By Administrator_India Capital Sands Indian shares tumbled on Monday as an alarming rise in Covid-19 infections and fresh stringent curbs to contain the spread of the coronavirus cast a shadow over the economic recovery. The Sensex fell 1,708 points, or 3.4 per cent, to end the session at 47,883 — the lowest close since January 29 — […]
By Administrator_India Capital Sands Several banks, including State Bank of India (SBI), have been imposing excessive charges on certain services provided to poor persons having zero-balance or Basic Savings Bank Deposit Accounts (BSBDA), a study by the IIT-Bombay has revealed. The study observed that the SBI’s decision to levy a charge of Rs 17.70 for […]
By Administrator_India Capital Sands Nifty futures on the Singapore Exchange traded 63 points lower at 14,882 around 8.40 am, indicating a negative start for the benchmark indices on Friday. Here are the top stocks to track in today’s session: Bharti Airtel: Department of Telecom (DoT) in an SC affidavit said it is planning to slap Videocon […]
By Administrator_India Capital Sands New Zealand on Thursday temporarily suspended entry for all travellers from India, including its own citizens, for about two weeks following a high number of positive coronavirus cases arriving from the South Asian country. The move comes after New Zealand recorded 23 new positive coronavirus cases at its border on Thursday, of which 17 […]
By Administrator_India Capital Sands Apart from movement restrictions, state governments are suspending physical classes, making RT-PCR test report mandatory for incoming passengers in a bid to contain the spread of the infection. With Covid-19 infections spreading at a faster rate this time than the last year, city-specific or district-specific lockdown-like situation is back in many […]
By Administrator_India Capital Sands Oil prices rose early on Tuesday as a drop in the US dollar made crude a more attractive buy, paring losses of more than 4 percent incurred overnight on the prospect of producers returning more than 2 million barrels per day of supply to the market by July. Brent crude futures […]
By Administrator_India Capital Sands Gold prices held steady on Monday, buoyed by concerns over inflation after U.S. President Joe Biden announced a $2 trillion-plus jobs plan last week, while a stronger dollar and elevated U.S. Treasury yields limited bullion’s upside. FUNDAMENTALS Spot gold was flat at $1,728.60 per ounce, as of 0146 GMT. Gold futures […]
By Administrator_India Capital Sands Japan is looking into the financial losses incurred by MUFG and Nomura through deals related to an unnamed U.S. client, and will gather and share information on the matter with the Bank of Japan and overseas authorities, the finance minister said. Taro Aso’s comments come after Mitsubishi UFJ Financial Group estimated […]