Tag Archives: coronavirus news

RBI May Soon Allow Repurchase Ops In Corporate Bonds, Says Report

Economic Remedies For The Coronavirus Across The Globe

The RBI earlier launched long-term repo operations to boost rupee liquidity Mumbai/New Delhi: Authorities are considering allowing corporate bonds as collateral for repurchase operations as they seek to cool the recent spike in corporate borrowing costs in the wake of the coronavirus outbreak, two sources told news agency Reuters. “We have …

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Covid19 Undermines crop Rates, Derails Rural Rebound

How Coronavirus Is Undermining Crop Prices, Derailing Rural Rebound

Prices for key crops like cotton have plunged as much as 50% just as farmers prepare for harvest Farmer Banwarilal Bhardwaj was planning to buy a car after harvesting his winter-sown crops that were promising bumper returns. But coronavirus has shattered that dream, undermining farm commodity prices as it spreads around …

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Airline Industry Crisis Deepens As Coronavirus Pain Spreads

Airline Industry Crisis Deepens As Coronavirus Pain Spreads

Germany’s Lufthansa has parked 700 of its 763 aircraft. BERLIN/SYDNEY: The crisis for airlines deepened on Thursday as Lufthansa warned the industry might not survive without state aid if the coronavirus pandemic lasts a long time, and Qantas Airways told most of its 30,000 staff to take leave. The United …

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Scramble To Contain “Invisible Enemy” As Coronavirus Causes Historic Market Drop

Scramble To Contain

Financial markets had their worst day in 30 years on Tuesday Coronavirus fears led to a historic drop in US stocks, shut borders and disrupted daily life around the world, as governments took increasingly drastic measures to try to reduce the severity of the global outbreak. Financial markets had their worst …

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Rupee Vs Dollar (INR Vs USD) Coronavirus News Rupee Recovers After Hitting Record Low 74.50 Vs USD

Rupee Recovers After Hitting New Record Low Of 74.50 Against Dollar: 10 Points

The rupee recovered to as high as 73.92 against the US dollar, regaining strength after dropping below 74.48 to register a new record low of 74.50. A sharp rebound in equity markets after a 10 per cent fall in benchmark indices triggered the lower circuit – halting trading for 45 …

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