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Indian Currency

India likely to fund some $28 billion of 2020/21 expenditure via off-budget borrowings: sources

By Administrator_India, Capital Sands India is likely to fund roughly $28 billion of its expenditure outlay in its budget for fiscal 2020/21 via off-budget borrowings, three government sources said, as it seeks to revive a sagging economy while keeping its fiscal deficit in check. Prime Minister Narendra Modi’s government is under pressure to increase spending on rural welfare schemes and ...

Cong bigwigs on ‘satyagraha’ against CAA Jagan says won’t implement NRC

By Ritu, Capital Sands Stating that democracy in India is under threat from the BJP-led government at the Center, West Bengal Chief Minister Mamata Banerjee wrote to chief ministers and senior leaders belonging to opposition parties urging them to unite and chalk out a plan to “save the country”. As massive anti-Citizenship Amendment Act  and National Register Citizens  protests continued in ...
Trump thanks India for decision on anti-malaria drug

Battle lines harden over Trump impeachment trial witnesses

By Ritu, Capital Sands The White House on Sunday signaled comfort with plans by Senate Republicans to avoid new witnesses in President Donald Trump's impeachment trial, while a top Democrat seized on a newly released email on the withholding of U.S. aid to Ukraine to press his case for testimony. The Democratic-led House of Representatives approved two impeachment charges against ...

In historic moment U.S. House impeaches Donald Trump for abuse of power

By Ritu, Capital Sands Donald Trump became the third U.S. president to be impeached on Wednesday, as the House of Representatives formally charged him with abuse of power in a historic step that will inflame partisan tensions across a deeply divided America. The Democratic-led House passed the abuse of power article of impeachment on a largely party-line 230-197 vote. The ...

Trump ratings highest ever over economics despite impeachment proceedings

By Ritu, Capital Sands Strong economic figures have helped US President Donald Trump to his highest approval ratings ever, despite impeachment, a new poll found Monday. Although the Quinnipiac University survey said Trump has a high of 43 per cent for his job approval, that is still far below nearly all previous presidents in modern times at the same point in their ...

Oil hovers near three-month high on trade optimism supply cuts

By Ritu, Capital Sands Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline and set to stoke oil demand in the world's biggest economies. Brent crude oil futures  had slipped by three cents to $65.31 a barrel ...

Pound Gains on Brexit Optimism as Focus Shifts to Trade Talks

By Ritu, Capital Sands Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. The pound rallied for a second day amid optimism a speedy resolution to the Brexit deadlock is in store after the Conservative Party’s election victory. Sterling advanced against all its major peers after Chief Secretary to the Treasury Rishi Sunak said ...

Asian Markets Mixed as Lighthizer Says No Date is Set for Phase Two Talks

By Ritu, Capital Sands Asian markets were mixed on Monday morning in Asia as U.S. Trade Representative Robert Lighthizersaid the phase one Sino-U.S. trade deal is “totally done,” but no date is set for the next phase two talks. China’s Shanghai Composite slipped 0.1% by 11:35 PM ET, while the Shenzhen Component gained 0.6%. Hong Kong’s Hang Seng Index dropped 0.3%. The ...

Brexit relief for UK economy might not last long

By Ritu, Capital Sands Britain's economy will cast off some of the Brexit uncertainty that has held it back since 2016 after Prime Minister Boris Johnson's election triumph, but the risk remains of another "cliff-edge" showdown with Brussels in a year's time. With Britain's exit from the European Union on Jan. 31 now a foregone conclusion, the question for investors ...

Sterling sparkles after election poll Yuan up on trade deal reports

By Ritu, Capital Sands The pound rose to a three-and-a-half year high versus the euro and the highest in more than a year versus the dollar after exit polls suggested a win for the Conservatives, which should help ensure the UK's smooth exit from the European Union. The Chinese yuan rose in offshore trade and the Japanese yen fell after a source ...