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Category Archives: Forex Analysis

RBI says coronavirus has 'drastically altered' India's growth outlook

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

Trump unveils three-stage process for states to end coronavirus shutdown

Trump thanks India for decision on anti-malaria drug

By Administrator_India Capital Sands President Donald Trump on Wednesday thanked India for its decision to increase exports of the anti-malaria drug hydroxychloroquine, an unproven treatment that Trump has promoted in the fight against the novel coronavirus. India said on Tuesday it will allow some exports

India's March electricity usage falls 9.2% as lockdown bites

India’s March electricity usage falls 9.2% as lockdown bites

By Ritu, Capital Sands India’s electricity use fell 9.2% in March, provisional government data showed on Wednesday, as consumption dropped for the first time in three months due to a nationwide lockdown to prevent the spread of the coronavirus. Consumers used 100.2 billion kilowatt hours