RBI indicates slow departure from ultra-loose liquidity policy

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RBI indicates slow departure from ultra-loose liquidity policy

The Reserve Bank of India (RBI) signaled its withdrawal from ultra-loose monetary policy by restoring normal liquidity management operations in a phased manner, “on a review of evolving liquidity and financial conditions.” To begin with, the Variable Rate …
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Jobless claims rise again in Tennessee as pandemic slows recovery

The number of Tennesseans and Georgians filing initial claims for unemployment rose last week as the pandemic continues to limit some business activity. Despite a nationwide drop in new jobless claims last week, the number of Tennesseans seeking …
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China Orders Local Media to Censor Alibaba Coverage, FT Reports

China has ordered its domestic media to censor reports about an antitrust probe into Alibaba Group Holding Ltd., signaling how the issue has become a matter of national political sensitivity, the Financial Times reported. A directive issued by the government’s …
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Sensex, Nifty Set To Open Higher On Strong Global Cues

The S&P BSE Sensex and NSE Nifty 50 indexes are set to open higher in trade on Friday as indicated by the Nifty futures traded on the Singapore Exchange. The Singapore Nifty futures also known as SGX Nifty was up 78 points or 0.55 per cent at 14,287, …
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Sinovac Shot Shown 78% Effective in Brazil After Data Confusion

The vaccine developed by China’s Sinovac Biotech Ltd. was found to be 78% effective against Covid-19 in late-stage trials in Brazil, the most definitive evidence so far on the shot’s efficacy after previous data sparked doubt and confusion. The protection rate …
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