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Canada's Trudeau to be in isolation after wife tests positive for coronavirus Best ECN trader in India Best Forex trader in India Best MT5 Broker in India Commodity Trader Stock Broker

Canada’s Trudeau to be in isolation after wife tests positive for coronavirus

By  Administrator_India, Capital Sands Canadian Prime Minister Justin Trudeau will be in isolation for two weeks after his wife, Sophie, tested positive for coronavirus on Thursday, and the outbreak prompted the province of Ontario to shutter schools to limit the spread. Sophie Gregoire Trudeau recently returned from London and experienced flu-like symptoms, so she was […]

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Sensex records biggest intraday fall, drops 3,304 points Best ECN trader in India Best Forex trader in India Best MT5 Broker in India Commodity Trader Stock Broker

Sensex records biggest intraday fall, drops 3,304 points

  • March 12, 2020
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By Ritu, Capital Sands There seems to be no end to the mayhem the coronavirus has brought to Indian markets, with the benchmark BSE Sensex posting its biggest single-day decline on March 12, hours after the WHO declared the viral outbreak a pandemic. The 30-share Sensex crashed 3,304.3 points intraday with all stocks in the red. […]

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Britain fires with both barrels: emergency rate cut and budget boost

By Administrator_India Capital Sands The Bank of England slashed interest rates by half a percentage point on Wednesday and announced support for bank lending just hours before the unveiling of a budget splurge designed to stave off a recession triggered by the coronavirus outbreak. In what amounts to a choreographed double-barrelled stimulus programme, the BoE […]

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Washington considers actions to bolster U.S. economy as coronavirus cases mount

By Administrator_India Capital Sands As U.S. coronavirus cases rose steadily, the White House and Congress negotiated measures on Tuesday to bolster the U.S. economy and Americans’ paychecks against the outbreak’s impact, although there was no immediate sign of a deal. The rise in the number of U.S. cases of COVID-19, a highly contagious and sometimes […]

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Indian banks to appeal for relief on bad loans amid coronavirus concerns Best Forex trader in India Best MT5 Broker in India Commodity Trader Political News Stock Broker

India inflation likely fell to a three month low in February

By Administrator_India Capital Sands India’s retail inflation likely cooled from recent highs to a three month low in February, due to moderating food prices, but remained above the Reserve Bank of India’s target band, a Reuters poll of economists found. Inflation eased to 6.80%, significantly lower than January’s 7.59%, according to the March 4-6 poll […]

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U.S. crude falls below $30 as Fed move fails to calm markets Best ECN trader in India Best Forex trader in India Best MT5 Broker in India Commodity Trader

Oil Hits New Lows as Russia Reportedly Refuses to Cut More

  • March 6, 2020
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By Ritu, Capital Sands Crude oil futures plummeted on Friday as Russia reportedly refused to support the Organization of Petroleum Exporting Countries’ proposal to cut crude output by an additional 1.5 million barrels a day. OPEC had agreed its proposal on Thursday, desperate to bring the global oil market back into balance. Demand has fallen through […]

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SBI to study viability of buying stake in Yes Bank: source

By Administrator_India Capital Sands The board of India’ top lender, State Bank of India, agreed on Thursday to conduct a viability assessment into buying a stake in troubled private sector Yes Bank Ltd. Yes Bank shares surged more than 25% after reports emerged that a group led by SBI will inject capital into the bank. […]

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Crypto back on track? SC allows banks to provide cryptocurrency services; sets aside RBI prohibitions Best Forex trader in India Best MT5 Broker in India Commodity Trader Stock Broker

Crypto back on track? SC allows banks to provide cryptocurrency services; sets aside RBI prohibitions

  • March 5, 2020
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By Ritu Capital Sands The Supreme Court on March 4 allowed banks and financial institutions from providing services related to cryptocurrencies by setting aside the Reserve Bank of India’s 2018 circular which had prohibited them. The order is likely to come as a big relief to virtual currency (VC) proponents in the country. Cryptocurrencies are digital […]

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Oil rises more than 1% on smaller-than-expected rise in crude stocks

By Administrator_India Capital Sands Oil prices rose more than 1% on Thursday, recouping losses from the previous day on a smaller-than-expected rise in crude oil inventories in the United States, although the gains were capped by uncertainties over cuts by major oil producers. Brent crude rose by 78 cents, or 1.5%, to $51.91 per barrel, […]

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RBI special operation leaves traders wary, but bonds rally Best Forex trader in India Best MT5 Broker in India Commodity Trader Stock Broker

RBI may use unconventional tools to combat coronavirus impact

By  Administrator_India, Capital Sands The Reserve Bank of India (RBI) is considering using unconventional policy tools to spur lending, three government officials told Reuters, amid fears that the coronavirus outbreak will derail any revival of economic growth. RBI is planning to infuse fresh cash liquidity into the system through a second round of long-term repo […]

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