Meanwhile, Australian scientists said on Wednesday they have successfully recreated the novel coronavirus in a lab, for the first time outside China, a "significant breakthrough" which they say may help combat the deadly virus that has claimed over 130 lives and infected thousands. … [Read more...] about Rupee settles 7 paise higher at 71.24 against US dollar tracking positive equities
12 billion dollars in pakistani rupees
The Indian rupee appreciated by 0.45% for the third day this week to 71.21 against the US dollar. The pair consolidated from a two week high of 71.40 amidst fears surrounding the outbreak of China’s coronavirus weighing on the trading sentiment and strengthening of the counterpart currency. … [Read more...] about USD-INR: Watch out for these 3 factors this week
The rate of interest for Axis Bank home loan schemes are 8.55 per cent to 9.20 per cent per annum in floating rate schemes and 12 per cent in fixed rate schemes, for salaried individuals. For self-employed borrowers the interest rates are higher i.e. 8.65 per cent to 9.40 per cent. The rate of interest for LICHF scheme is 8.10 per cent onwards depending on the borrowers risk profile, credit score, etc. … [Read more...] about Home loans with EMI waivers: Should you go for them?
Since a solution to the Corona virus is work in progress, it is anyone’s guess how long this crisis will stay and to what extent it can impact globally. So far, multiple countries have reported confirmed cases and are looking at measures ranging from isolating the infected person to a travel ban to China and other restrictions. According to the WHO, the current outbreak is still a regional crisis. … [Read more...] about The Corona virus scare: What’s in it for investors?
The FMCG sector is facing a sharp slowdown in sales growth, though volume growth has seen a lower fall. This is indicative of pricing pressures, lower aggregate demand and slowing household savings that are acting as headwinds for the FMCG sector. Profitability has also shown a slower growth trajectory with adverse product mix and higher promotion costs eating into margins for the sector. … [Read more...] about Sri Sri Tattva’s Arvind Varchaswi pins hopes on Budget 2020 to revive demand