Us Fiscal Deficit

After opening on a positive note, the rupee traded flat for a better part of the session before slipping into a negative territory. It finally settled at 71.74, registering a loss of 3 paise over its previous close. The domestic currency overlooked a host of encouraging factors including positive new on the US-China trade deal front, the government...

Extending its decline to a second consecutive session, the rupee fell by 56 paise or 0.8 per cent on Monday to end at 71.80 versus the US dollar. The yield on 10-year bond rose 3 basis points to 7.41 per cent from 7.38 per cent on Friday. The rupee and bonds came under pressure after credit rating agency Moody's said that the inability to meet fisc...

The US budget deficit hit a six-year high of $779 billion in the most recent fiscal year, the Treasury announced Monday, underscoring the cost of last year's sweeping tax cuts.

In a key economic review meeting chaired by PM Narendra Modi over the weekend, the government announced several steps to control the fall in the rupee amid high crude oil prices.

While rupee falls, country's foreign exchange reserves rose to a life-time high of $424.864 billion at the first week of April

The rupee has been on a weakening streak since the start of this month. The rupee had plunged by 44 paise against the US dollar on Budget day (Thursday), after the government announced a long-term capital gains (LTCG) tax on equities and set a fiscal deficit target at a wider-than-expected 3.3 per cent for FY19.

Sensex and Nifty suffered a big selloff today, a day after Finance Minister Arun Jaitley unveiled Union Budget 2018-19. A higher-than-expected fiscal deficit target for 2018-19 and imposition of new long-term capital gains tax on equities hurt the market sentiment, say experts. The BSE benchmark index Sensex closed 839 points lower at 35,066, while...

The US budget deficit fell by nearly a third during fiscal 2014 to $486 billion as federal revenues grew far faster than spending, the Congressional Budget Office said on Wednesday.

The rupee gained the most in over a week on Thursday as the government's move to scrap a bond auction led to hopes that the fiscal deficit will be contained, but caution prevailed ahead of US jobs data.

The modest deal ends three years of partisan warfare in Congress over federal spending and taxes that fueled a 16-day government shutdown in October and twice brought the United States to the brink of default, rattling financial markets.

Republicans in the U.S. House of Representatives on Wednesday were falling in line behind a bipartisan two-year budget deal, indicating that the normally rambunctious group of lawmakers is not spoiling for a year-end fiscal fight.

India's current account deficit, which narrowed in the second quarter of the current fiscal year, is likely to widen during the fiscal second half as seasonal demand bring in more imports, according to a report by global brokerage firm HSBC.

India's high current account deficit is likely to be lower than the projection of 3.8 per cent of the GDP and the country will be in a better position to neutralise the impact of the tapering of monetary stimulus by the US central Bank, the Federal Reserve, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said.

A few faint glimmers of hope surfaced on Monday in the U.S. fiscal standoff, both in Congress and at the White House, with President Barack Obama saying he would accept a short-term increase in the nation's borrowing authority to avoid a default.

Dr. Surjit S Bhalla, chairman, O[x]us Investments & Senior Advisor, BluFin told NDTV that the food security bill is a classic example of irresponsible populism.

After opening on a positive note, the rupee traded flat for a better part of the session before slipping into a negative territory. It finally settled at 71.74, registering a loss of 3 paise over its previous close. The domestic currency overlooked a host of encouraging factors including positive new on the US-China trade deal front, the government...

Extending its decline to a second consecutive session, the rupee fell by 56 paise or 0.8 per cent on Monday to end at 71.80 versus the US dollar. The yield on 10-year bond rose 3 basis points to 7.41 per cent from 7.38 per cent on Friday. The rupee and bonds came under pressure after credit rating agency Moody's said that the inability to meet fisc...

The US budget deficit hit a six-year high of $779 billion in the most recent fiscal year, the Treasury announced Monday, underscoring the cost of last year's sweeping tax cuts.

In a key economic review meeting chaired by PM Narendra Modi over the weekend, the government announced several steps to control the fall in the rupee amid high crude oil prices.

While rupee falls, country's foreign exchange reserves rose to a life-time high of $424.864 billion at the first week of April

The rupee has been on a weakening streak since the start of this month. The rupee had plunged by 44 paise against the US dollar on Budget day (Thursday), after the government announced a long-term capital gains (LTCG) tax on equities and set a fiscal deficit target at a wider-than-expected 3.3 per cent for FY19.

Sensex and Nifty suffered a big selloff today, a day after Finance Minister Arun Jaitley unveiled Union Budget 2018-19. A higher-than-expected fiscal deficit target for 2018-19 and imposition of new long-term capital gains tax on equities hurt the market sentiment, say experts. The BSE benchmark index Sensex closed 839 points lower at 35,066, while...

The US budget deficit fell by nearly a third during fiscal 2014 to $486 billion as federal revenues grew far faster than spending, the Congressional Budget Office said on Wednesday.

The rupee gained the most in over a week on Thursday as the government's move to scrap a bond auction led to hopes that the fiscal deficit will be contained, but caution prevailed ahead of US jobs data.

The modest deal ends three years of partisan warfare in Congress over federal spending and taxes that fueled a 16-day government shutdown in October and twice brought the United States to the brink of default, rattling financial markets.

Republicans in the U.S. House of Representatives on Wednesday were falling in line behind a bipartisan two-year budget deal, indicating that the normally rambunctious group of lawmakers is not spoiling for a year-end fiscal fight.

India's current account deficit, which narrowed in the second quarter of the current fiscal year, is likely to widen during the fiscal second half as seasonal demand bring in more imports, according to a report by global brokerage firm HSBC.

India's high current account deficit is likely to be lower than the projection of 3.8 per cent of the GDP and the country will be in a better position to neutralise the impact of the tapering of monetary stimulus by the US central Bank, the Federal Reserve, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said.

A few faint glimmers of hope surfaced on Monday in the U.S. fiscal standoff, both in Congress and at the White House, with President Barack Obama saying he would accept a short-term increase in the nation's borrowing authority to avoid a default.

Dr. Surjit S Bhalla, chairman, O[x]us Investments & Senior Advisor, BluFin told NDTV that the food security bill is a classic example of irresponsible populism.