Category: Economy News

US Fed chair Jerome Powell hints at the tapering of easy money policy by year-end

By Administrator_ India Capital Sands The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Feds extraordinary response to the pandemic recession. The Fed’s move could lead, over time, to somewhat higher borrowing costs for mortgages, credit cards, […]

RBI relaxes norms on foreign sovereign bond investment

By Administrator_ India Capital Sands The Reserve Bank of India has relaxed its norms on what banks can do with their excess dollars in the currency market, according to sources. The RBI had already allowed banks to invest their excess dollars in foreign currency bonds, but a rule in July 2016 had stated that a bank’s investment in unlisted securities should […]

Asia shares bounce as mood shifts, sentiment fickle

By Administrator_India Capital Sands Asian shares were enjoying a relief rally on Monday as record highs on Wall Street and policy easing in China helped calm some of the recent jitters on global growth, though plenty of potential pitfalls lay ahead this week. In the United States, inflation data could provide a scare ahead of testimony by Federal Reserve Chair […]

Good news for pilgrims! IRCTC to operate ‘Char Dham Yatra’ special train

By Administrator_ India Capital Sands In view of declining cases of coronavirus across the country, the Indian Railways has decided to operate a special train in September covering several top tourist destinations, including Char Dham–Badrinath, Jagannath Puri, Rameshwaram, and Dwarkadhish.  After the great popularity and success of the “Shri Ramayana Yatra” train operated on the Ramayana circuit, IRCTC has now […]

Petrol, Diesel Prices Today, June 21, 2021

By Administrator_ India Capital Sands After a day’s pause, fuel prices were again hiked on Friday, pushing rates to fresh all-time record highs, according to a price notification of state-owned fuel retailers. In Delhi, petrol and diesel prices were increased by 29 paise and 27 paise, respectively.  With the latest revision in the prices, petrol is now retailing at Rs […]

Japan Inflation Gains for the First Time Since March 2020

By Administrator_ India Capital Sands Japan’s inflation edged into positive territory for the first time in 14 months as rising commodity costs fed higher gasoline prices at the pump, according to data that comes before a central bank policy decision later today. Consumer prices excluding fresh food ticked up 0.1% compared with a year earlier, lifted by a 20% jump […]

Dollar on tenterhooks as payrolls test looms

By Administrator_ India Capital Sands  The U.S. dollar wobbled above major support levels on Thursday, as traders awaited a batch of U.S. economic data that could set the tone at central bank meetings later this month. Investors have bet on the dollar falling as the world recovers from the COVID-19 pandemic, but they have lately grown nervous over whether a […]

Japan ruling party heavyweight calls for $239-billion extra budget

By Administrator_ India Capital Sands Japan’s government is expected to compile an extra budget in October or November, senior ruling party lawmaker Kozo Yamamoto said on Wednesday, calling for spending of around $239 billion to cushion the economic blow from the COVID-19 pandemic. Yamamoto, a heavyweight close to former Prime Minister Shinzo Abe, also urged the Bank of Japan to […]

Dollar holds near two-week high, U.S. jobs data eyed for Fed clues

By Administrator_ India Capital Sands The dollar hovered below a two-week high on Thursday, consolidating ahead of a key U.S. jobs report that may provide clues on when the Federal Reserve will dial back monetary stimulus. The greenback has rebounded from a one-month low over the past week, swung by U.S. economic data that has largely supported the case for […]

India, UK decide to wrap up key talks for Free Trade Agreement by year-end

India, UK decide to wrap up key talks for Free Trade Agreement by year-end

By Administrator_ India Capital Sands India and the United Kingdom have decided to wrap up key talks on trade issues by the end of 2021, expediting negotiations for a proposed free trade agreement (FTA) between both nations in the future. Bilateral trade and investment ties were a major part of the talks between Prime Minister Narendra Modi and his British counterpart Boris Johnson during […]