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News I read on 21st July
access_time 2020-07-20T19:32:13.708Z face Kundan Kishore
News I read on 21st July 1) Global equity markets rebounded on Monday on optimism the European Union would agree on a recovery fund to help revive regional economies hit by the coronavirus, but worries about the pandemic’s economic and human toll pushed gold prices higher. Ref: Reuters 2) India is l...
News I read on 20th July
access_time 2020-07-19T18:48:35.968Z face Kundan Kishore
News I read on 20th July 1) FPIs remained net sellers in Indian markets in July so far as they pulled out Rs 9,015 crore from equities and debt securities with the surging markets providing profit booking opportunity amid concerns over rising cases of COVID-19. Ref: Financial Express 2) Gold imports...
News I read on 17th July
access_time 2020-07-16T18:56:01.714Z face Kundan Kishore
News I read on 17th July 1) Credit rating agency ICRA on Thursday sharply revised its forecast on the contraction in the Indian Economy to 9.5 percent for 2020-21 from its earlier assessment of five percent. Ref: Business Standard 2) With India’s economic growth sputtering, RBI was expected to maint...
News I read on 16th July
access_time 2020-07-15T15:42:07.682Z face Kundan Kishore
News I read on 16th July 1) India posted a trade surplus of $790 million in June, its first in over 18 years, with imports plunging as the coronavirus pandemic depressed domestic demand for crude oil, gold, and other industrial products, reflecting a slowing economy. Ref: Reuters 2) World shares str...
News I read on 15th July
access_time 2020-07-14T17:23:45.791Z face Kundan Kishore
News I read on 15th July 1) A longer wait for a vaccine against the Covid-19 virus may lead to a contraction of up to 7.5 percent in the Indian GDP in FY21 and a fall of 4% in the base case. Ref: Business Standard 2) Former Reserve Bank of India governor Raghuram Rajan indicates that India’s financi...