1. Rupee takes on more strength
The rupee remained on the upswing. It firmed another 53 paise to trade at over a two-week high of 71.84 against the US dollar this morning. Increased selling of the American currency by exporters and banks accelerated the climb.
2. India on track to $5 trillion economy: PM
Prime Minister Narendra Modi has said his government will continue to take tough decisions and expressed hope that the size of the Indian economy will double to USD 5 trillion in the next 5-7 years.
3. Global leads shine
Asian stocks scooped up gains on Friday after Wall Street’s S&P 500 set a new all-time high. There is a realisation that Beijing’s and Washington’s fresh exchange of tariffs may be less damaging than initially feared.
4. Crude prices fall further
Oil prices eased on Friday after falling in the previous session as US President Donald Trump urged OPEC to lower crude prices ahead of its meeting in Algeria this weekend.
5. Govt hikes small savings rate
In a bonanza for small savers, the government has increased interest rates on schemes such as the National Savings Certificate and the Public Provident Fund by up to 40 basis points for the October-December quarter.
For more information and free trading tips
WhatsApp:- +91 997 718 5444
Visit:- www.capitalbuilder.in
Connect with our social media sites
Facebook Linkedin
WhatsApp:- +91 997 718 5444
Visit:- www.capitalbuilder.in
Connect with our social media sites
Facebook Linkedin
No comments:
Post a Comment