Brave New World: Most central banks working on cryptos; S&P valuations in 'nosebleed' territory
A survey found that 80 per cent of central banks are doing some kind of work into CBDCs
Tokyo stocks close lower on renewed virus jitters; Nissan dives
The broader Topix shed 0.6 per cent to 1,702.87.
Bajaj Auto increasing focus on profitability in domestic market
Company likely to be an outlier in auto sector given its focus on export grow...
Central banks wake up to digital currency, create new framework with WEF
The framework is to help central banks evaluate, design and potential deploy digital currency.
Rupee settles 10 paise higher at 71.30 against dollar on easing crude prices, weak dollar
At the interbank foreign exchange market, the local currency opened on a positive note at 71.36.
Rupee edges 5 paise higher on stable crude prices
The dollar index rose 0.02% to 99.14.
Dollar at 2-month high, Aussie weak as virus anxiety spreads
It last stood at 98.033, flat on the day but not far from Wednesday's two-month high.
View: Budget to be next big next trigger for rupee
The IMF trimmed its global growth forecast to 3.3% down from its earlier projection of 3.4%.
Currency hedge: RBI buys 15 tonnes of gold in Oct-Nov
Safety of its forex asset is the prime reason that central banks park foreign exchange assets in the form of gold.
Don’t fall in love with stocks or themes but compounders can’t be replaced: Atul Suri, Marathon Trends
You have to be egoless and you have to be humble enough to cut your losses and ride your profits. Markets are always humbling, I will change when markets change, says Atul Suri, CEO, Marathon Trends.
Asia stocks find footing as China markets recoup some losses
Brent crude added 0.5 per cent to $54.73 a barrel.
Rupee opens 8 paise down at 71.45 against dollar
“USDINR pair is expected to quote in the range of 71.20 and 71.80,” said Motilal Oswal Financial Services.
Jump in new coronavirus cases derails stock rally
China's Hubei province, the epicentre of the virus, reported 242 new deaths and confirmed 14,840 new cases on Feb. 12, a dramatic rise from the 2,015 new cases a day earlier.
Euro near 3-year low on sluggish growth, yen steady despite weak GDP
The dollar index stood at 99.131, near Friday's 4 1/2-month high of 99.241.
Do not apply logic to market, it’s a different animal altogether: Shankar Sharma, First Global
The Dalal Street veteran says India is unlikely to go back a 7-8-9 per cent growth rate any time soon. “Probably not for a long-long-long time to come. That was the unstated but pretty clear message in this Budget,” he says.
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