Hiccups in Chinese economy and the overall strength of the dollar will continue to be a drag on the rupee in the coming year
Pakistan Muslim League-Nawaz (PML-N) president Sharif, 70, and Pakistan Tehreek-i-Insaf (PTI) vice-chairman and former foreign minister Shah Mahmood Qureshi on Sunday filed their nomination papers for the post.
Tracking a recovery in local shares, the Indian rupee on Friday snapped a two-day declining trend and bounced back by 39 paise to end at 61.44 against the Greenback on fresh dollar selling by exporters and some banks.
The dollar maintained its bullish momentum in Asian and early European trade
Falling for the second day, the rupee on Friday weakened by 12 paise against dollar to end at 62.68 weighed down by demand for the American currency from importers and data showing fiscal deficit crossed 95 per cent of the annual target during April-December.
The rupee had dipped by a massive 67 paise to an all-time closing low of 61.10 against the dollar on Friday.
Bullish dollar sentiment overseas alongside sluggish domestic equity market predominantly impacted the domestic currency
Leader of Opposition Mallikarjun Kharge, speaking on the Motion of Thanks on the President's address, charged the government with not delivering on its various promises, including generating two crore jobs per year.
India has not been able to compete with countries such as Bangladesh and Vietnam.
Growth has slowed in some of the large emerging economies, its interim economic assessment report added. "One factor has been a rise in global bond yields -- triggered in part by an expected scaling back of the US Federal Reserve's quantitative easing -- which has fuelled market instability and capital outflows in a number of major emerging economies, such as India and Indonesia.
Joseph Stiglitz accuses the US of negotiating over issues already settled at the World Trade Organization.
Adopting a wait- and-watch approach ahead of US Fed meeting
The trading range for the Spot USD/INR pair is expected to be within 66.20 to 67.00.
Despite accounting for the largest number of fatalities, the death rate, however, in the US is much lower than other countries.
Rupee is under pressure against the dollar say currency watchers.
Klitschko and his brother Vitali, also a former world heavyweight champion and now the mayor of Kyiv, have both taken up arms against invading Russian forces.
A mixed global trend and weakness in rupee influenced the sentiments during the day.
The first fatality from COVID-19 was reported from the Washington state on February 26.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
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Policymakers stepped in late Thursday to calm markets.
In worldwide trade, the American dollar traded with solid strength against all major emerging currencies
Forex dealers said rebound in domestic stock markets also helped the rupee strengthen against the dollar.
'India's economic fundamentals are much too strong to be affected by his resignation,' says B S Raghavan.
The breadth, indicating the overall health of the market, turned negative from positive
Chanda Kochhar is among the three Indians in Time's Most Influential list.
In all, 37 central banks around the world have eased monetary policy so far this year to boost growth, fight deflation or both
The deadly virus, which has killed over 5,000 people globally, has spread to 46 of the 50 US states.
A massive rally in domestic equities along with smooth supply of dollars on the back sustained capital inflows into equities and debt predominantly helped the upmove
'The nominations were not meant to last permanently, but depended on the government of the day.' 'There was no question of revoking it during Congress, Janata Dal or even Vajpayee's NDA rule.' 'But Modi is different.'
Adequate dollar supply gave a boost to the local currency
The Taliban's main challenge comes on the financial and economic front and there Pakistan doesn't have the capacity to be of any meaningful help, observes Ambassador M K Bhadrakumar.
In the United States, economic data is likely to take a back seat next week.
Trump has roped in Army Corps of Engineers to build hospitals all over the country, activated the ready reserve components of the Armed Forces and invoked the Defense Production Act to compel General Motors to accept, perform and prioritise federal contracts for ventilators.
A stable dollar will at minimum reduce incremental cross-currency pain for Indian cos.
Balance is needed in selecting members for the proposed monetary policy committee, says Abheek Barua.
Oil prices were poised for a third day of gains following a rise of more than 4 percent last week after Islamic militants seized much of northern Iraq as Baghdad's forces there collapsed.
This rally is largely being driven by hopes that the Modi government will drive economic growth higher, and, thus, increase earnings growth for companies.
In the longest losing streak of 2017, the BSE Sensex has lost 1,270 points, or 3.91 per cent. It fell to a three-month low of 31,154.03 on Wednesday.
As the Centre pushes reforms in the power sector, especially for the beleaguered electricity distribution segment, several states, especially those ruled by Opposition parties, are clamouring against it. Maharashtra, West Bengal, Tamil Nadu, and Kerela have voiced their reservations against the proposed amendments to the Electricity Act, 2003. The irony is the states opposing the amendments on the ground of threat of privatisation already have private partnerships in power supply. The proposed Bill was slated to be placed on the floor of Parliament in the Monsoon session. But it still awaits Cabinet approval amid several states complaining that they have been not consulted on the issue.
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