The Prime Minister's Office has made clear Modi's wishes that the reception planned for him at New York's famed Madison Square Garden should not carry the imprimatur of any community organisation, but be under the auspices of a 'Reception Committee for the Prime Minister of India.' Aziz Haniffa/Rediff.com reports.
Rupee ends flat against dollar ahead of Fed policy outcome.
Sustained demand for the dollar is the reason.
The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.
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Rupee rebounds 26 paise against dollar; snaps 2-day losses
'It is less dependent on imported capital.'
Increased demand for the dollar from importers put pressure on the rupee.
Rupee rises by 16 paise against dollar on fresh selling.
The rupee had snapped its 3-day losing streak on Thursday.
The top companies with a striking gap in pay between the senior-most executives and median employees in 2017-2018 belonged mostly to sectors such as information technology, auto and engineering.
The rupee ended marginally lower by three paise at 66.36 against the US dollar.
Tata Motors (down 1.7%) was the top loser on Sensex and Nifty, while Lupin (1.6%) gained the most.
The nomination would put Yellen on course to be the first woman to lead the institution.
At the same time, however, officials at the central bank lowered their projections for the long-run target interest rate, evidence of slightly diminished expectations for a nation climbing out of a severe crisis and struggling with demographic headwinds like declining labor force participation.
The US dollar has risen about 15 per cent since mid-2015.
Costlier oil due to rising conflict in Iraq threatens to hurt the India economy that is already battling price rise and slowing growth.
Asian stocks sagged on Monday, with risk sentiment dampened as Shanghai shares wobbled after the Chinese markets resumed trading following a four-day long weekend.
Gold prices staged a smart rebound to surpass the psychologically important Rs 28,000 milestone.
The dollar moved higher, while prices for US government debt fell, as traders ramped up bets the Federal Reserve would raise interest rates in March
The US currency weakened against major Asian currencies in global markets which lifted the rupee sentiment
As it is a highly liquid asset, central banks can afford to look past its short-term volatility to longer-run average returns.
Federal Reserve Chair Janet Yellen on Wednesday pointed to a possible December interest rate "liftoff" but said rates would rise only slowly from then on to nurture the U.S. economic recovery.
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
Summers dogged by controversies over past views
The Nasdaq Composite hit a high of 5,143.316.
The next policy meeting will be in mid-June, when the panel will be joined by Stanley Fischer, the former Bank of Israel governor whose nomination to the Fed's board was confirmed on Wednesday by the US Senate.
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The local currency opened at 62.20 a dollar from the previous close of 61.93 and immediately touched a low of 62.29 at the interbank foreign exchange market.
Most expect these bubbles to break in short order and cause serious financial pain to anyone who's foolhardy enough to remain invested in financial assets.
Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown
'Since the NDA took office in 2014, and aggressively since 2019, the Union government seems hell bent on centralising all power and resources, only to fail spectacularly.'
Forex market was shut on Tuesday on account of 'Mahavir Jayanti'.
Abheek Barua & Bidisha Ganguly explain why the US treasury should intervene if the overvalued greenback continues to rise.
Many factors leading to the 2008 financial crisis still exist.
The S&P and Dow dipped the most in a day since September 28.
And why markets could give up 25 per cent of all these gains made since March 2020
March and April payrolls were revised to show 32,000 more jobs.
when the Maharashtra delegation of small and medium businesses arrived in the US on October 9, the Indian consulate decided against holding a standard reception replete with boilerplate speeches. Rather, the consulate put together a programme that would increase the chances of things working out for them. They held an event on Lex Terrae (law of the land).
Given the relative rates of gross domestic product growth, the differential will increase.
The U.S. economy grew faster than initially thought in the second quarter.
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