RBI says coronavirus has ‘drastically altered’ India’s growth outlook
By Ritu, Capital Sands The outlook for India’s economic recovery has been sharply altered by the coronavirus outbreak, the central bank said in its Monetary Policy Report, underlining the pandemic’s deepening impact on South Asia’s engine of growth. “Prior to the outbreak of COVID-19, the outlook for growth for 2020-21 was looking up,” the Reserve […]
Asian stocks gain on hopes pandemic is approaching peak
By Administrator_India Capital Sands Asian shares rose on Thursday on hopes the COVID-19 pandemic is nearing a peak and that governments would roll out more stimulus measures, while expectations of an oil production cut agreement bolstered crude prices. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.6%, following a strong Wall Street close. […]