Premium1 468x60 forex
Page 2 of 2 FirstFirst 1 2
Results 11 to 14 of 14

Rupee News

This is a discussion on Rupee News within the Analytics and News forums, part of the Trading Forum category; Service sector activity in India expanded for the first time in 11 months in May, the results of a survey ...

          
   
  1. #11
    Senior Member TheNews's Avatar
    Join Date
    Feb 2013
    Posts
    6,240
    Blog Entries
    594

    Indian Service Sector Moves Into Expansion Territory For First Time In 11 Months

    Service sector activity in India expanded for the first time in 11 months in May, the results of a survey by Markit Economics and HSBC bank showed Wednesday.

    More...

  2. #12
    Senior Member TheNews's Avatar
    Join Date
    Feb 2013
    Posts
    6,240
    Blog Entries
    594

    India Industrial Production Grows; Inflation Eases

    India's industrial production increased much faster-than-expected in April and consumer price inflation slowed more-than-expected in May, boosting hopes of better prospects for the economy after the new government took charge late last month.

    More...

  3. #13
    Senior Member TheNews's Avatar
    Join Date
    Feb 2013
    Posts
    6,240
    Blog Entries
    594

    India GDP Growth Improves More Than Expected

    India's economy grew faster-than-expected in the three months to June and at the strongest pace in two years, preliminary figures from the Central Statistics Office revealed Friday.

    Rupee News-india1.jpg


    Gross domestic product grew 5.7 percent in the April to June quarter, which exceeded economists' forecast for 5.5 percent expansion. The economy grew 4.6 percent in the previous three months.

    All main economic sectors recorded growth during the quarter with the services sector logging the biggest increase of 10.4 percent. That was followed by 10.2 percent growth in output in the utilities sector.

    The crucial manufacturing and mining sectors rebounded during the June quarter, marking gains of 3.5 percent and 2.1 percent, respectively. Construction sector output rose 4.8 percent. Farm output increased 3.8 percent.

    The Reserve Bank of India expects that economic growth in the range of 5-6 percent can be sustained in 2014-15.

    The country's newly formed government, led by Prime Minister Narendra Modi, aims to achieve growth in the range of 7-8 percent within the next three to four years and bring the fiscal deficit down to 3 percent of the GDP.

    However, if risks relating to the global recovery, the monsoon and geo-political tensions intensify, the balance of risks could tilt to the downside, the central bank warned earlier this month while leave key interest rates unchanged.

    Service sector activity in India expanded for the third consecutive month and manufacturing growth hit a seventeen-month peak in July, the latest purchasing managers' survey showed.

    Rupee News-india2.png


    Mr Modi has promised to make it easier to do business through speedier clearances and stable tax policies, allowing investors in Asia's third-largest economy hope of a rosier future after years of low growth and high inflation.

    Mr Modi has to spur the economy to far higher rates of growth in order to provide jobs for the increasing numbers of young people joining the work force, and lift millions of Indians out of poverty.

    More...

  4. #14
    Senior Member mql5's Avatar
    Join Date
    May 2013
    Posts
    1,632
    Blog Entries
    509

    NSE Nifty Index Pivot Points Analysis - Central Pivot at 8177 as the next target for the bullish reversal

    W1 price was on bearish breakdown and it was bounced from S1 Pivot at 7243 for the bear market rally: the price is testing 7772 resistance level to above for the Central Pivot at 8177 as the next target for the bullish reversal

    Instrument
    S1 Pivot
    Yearly PP
    R1 Pivot
    NSE Nifty Index 7243 8177 8820

    Rupee News-nse-nifty-w1-gci-financial.png


    Trend:

    • W1 - bear market rally
    Metatrader 5 / Metatrader 4 for MQL5 / MQL4 articles preview preview
    Trading blogs || My blog

Page 2 of 2 FirstFirst 1 2

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •