Almost all the
currency demonetised in November 2016 found its way back into the
banking system, seemingly belying the contention that it would help
eliminate black money. On the other hand, the cost of withdrawing the
old Rs 500 and Rs 1,000 currency notes is showing up on the books of the
Reserve Bank of India. RBI's cost of printing currency notes has more
than doubled, RBI said in its annual report for FY17.
Here is a list of the top global cues that you should know before hitting D-Street on Thursday:
SGX Nifty sets stage for negative opening:
Nifty50 futures on the Singapore Stock Exchange were trading lower by
20.50 points, or 0.21% at 9,860, indicating a negative opening for the
domestic market.
Asian markets: Asian shares opened higher as US data
underscored the economy’s resilience, while the US administration sent
varying signals on North Korea after the latest missile launch. Equity
benchmarks rose in Tokyo and Sydney after US stocks advanced for a
fourth day. The SSE Composite index decreased 0.46%, while Hong Kong’s
Hang Seng also dropped 0.60%.
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