World Updates
RBI rate moves nearly always result in a series of standard queries. The Reserve Bank of India’s rate drop on Thursday has raised the same set of concerns, if one considers the most recent example as well: Will my EMI decrease? Should I put off repaying my house loan? Will rates for deposits decline? And … Read more
Thailand’s army said on Monday that new border confrontations with Cambodia had resulted in the death of a Thai soldier and the injuries of several others. Both sides blamed each other for the most recent outbreak of violence along their border. Thai army spokesperson Winthai Suvaree stated in a statement that “the Army received information … Read more
Regarding Netflix’s attempt to buy the legendary Hollywood studio Warner Bros., US President Donald Trump stated on Sunday that the streaming behemoth already has “a very substantial market share” and that “that may be a problem.” When Trump arrived at the Kennedy Center Honors awards event, he stated, “I will be part in that decision,” … Read more
At 6:05 a.m. IST on December 8, the spot price of gold was $4,207 per ounce, a rebound of around 0.29 percent over the previous day. India’s December gold futures ended Friday’s trading at Rs 1,30,419 per 10 grams of 24-carat purity, a decrease of 0.033 percent from the previous close. On December 6, the … Read more
The rupee has had a difficult year, and pressure only increased last week when it broke over the 90-per-dollar barrier for the first time. The currency is currently the weakest performer in Asia, having dropped by 5% since January. To alleviate dollar tightness, the RBI intervened with an aggressive series of actions, such as a … Read more