Sunday, Apr 30 2017 | Time 22:11 Hrs(IST)
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  • Prez poll: JD(U) trying to form anti-BJP front
  • Joshna is Asian champion, Max Lee takes men's title
  • Civilian injured in firing by gunmen in south Kashmir
  • Odisha Governor Jamir says if he asked to serve, he would
  • Union MoS Piyush Goyal to visit Nagaland tomorrow
  • Divyanga pension hiked to Rs 500 per month in UP
  • Cyclone and heavy rains predicted, alert issued for 13 districts in Bihar
  • 2 held, 40 semi-automatic pistols recovered
  • Nadal eases to 10th Barcelona Open title
  • Turkish President arrives, talks likely on trade, NSG membership
  • Assam Rifles nabs 2 NSCN-K cadres in Nagaland
  • Four injured in bomb explosion at the residence of JD(U) MP Kahkasha Praveen
  • Rains lash HP, Keylong receive fresh snowfall
  • -------
  • CPI plans a series of agitation in Bihar on land reforms and unemployment
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Australia dlr runs into resistance at 4-mth top, NZ dlr awaits dairy sale

By Wayne Cole and Tom Westbrook
SYDNEY/WELLINGTON, Mar 21 (Reuters) The Australian dollar held near four-month peaks on Tuesday as the country's central bank stepped up warnings about overheating in the housing market, leading investors to pare the already scant chance of a further cut in interest rates.
The Aussie was standing at $0.7710 after reaching $0.7748 overnight, which was the highest since early November when it got as far as $0.7778.
A break of November's barrier would put it in territory not visited since April last year and set up a push to the next chart target around $0.7836. That also makes these levels extremely tough resistance, which could be hard to pierce.
The gains have mostly been driven by broad weakness in the U.S. dollar after the Federal Reserve emphasised further tightening would be gradual following its rate hike last week.
The Reserve Bank of Australia (RBA) is nowhere near raising rates itself, but any chance of a cut has vanished as it highlighted risks in the local housing market.
Minutes of its March policy meeting out Tuesday showed housing was very much on the mind of board members.
"The language around the housing market conveyed a sense of increased concern over the medium-term risks emerging from rising prices, increasing supply, and weak rental returns," said Su-Lin Ong, a senior economist at RBC Capital Markets.
"Our sense is that there is building pressure for additional macro prudential action."
Regulators have already told banks to limit growth in their mortgage books to 10 percent a year and many have recently been raising rates on investment loans.
As a result, rate futures are now pricing in virtually no chance of another cut in the cash rate and some possibility of a hike early next year.
The New Zealand dollar was a shade softer at $0.7045 after touching a two-week peak at $0.7080 overnight.
The kiwi is back on a "slow-grind-higher trajectory", ANZ Bank senior rates strategist David Croy said in a research note.
"Growth is enviable, interest rates are enviable, the political scene is stable, and even the current account is under control. There isn't much not to like here, even if some recent data has come in a bit below expectations," he said.
The currency still has to weather a global dairy auction late Tuesday, which could well see another drop in prices for the country's biggest export earner.
New Zealand government bonds gained, sending yields 1.5 basis points lower.
Australian government bond futures were little changed. The three-year bond contract was flat at 97.950, while the 10-year contract added 1.5 ticks to 97.1500.
REUTERS JW PM0907
Top News
PM's scheme of

PM's scheme of "Housing for all by 2022" will uplift Jhuggi dwellers: Manoj Tiwari

New Delhi, Apr 30 (UNI) Delhi BJP President Manoj Tiwari expressing his commitment to uplift the jhuggi dwellers said it is time Delhi starts to work for jhuggi dwellers' welfare and it is possible only by implementing Prime Minister Narendra Modi's scheme of home for all by 2022 in Delhi immediately.

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30 Apr 2017 | 9:03 PM
BJP marked global presence by winning 16 states of country: CM

BJP marked global presence by winning 16 states of country: CM

Ambala, Apr 30 (UNI) Haryana Chief Minister Manohar Lal, on the conclusion of his two-day visit to the twin cities of Ambala, today said that BJP, by winning with majority in 16 states of the country, had made its identity on the world level.

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30 Apr 2017 | 8:36 PM
PM pushes Digital Economy, calls for eradicating VIP culture from mind

PM pushes Digital Economy, calls for eradicating VIP culture from mind

New Delhi, Apr 30 (UNI) Prime Minister Narendra Modi today gave a major push yet again towards cashless economy and said the younger generation is already liberating itself from the "shackles of cash" even as in reference to removal of red beacon from cars he stressed on the need to remove the 'VIP culture' from people's mind.

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30 Apr 2017 | 2:02 PM
Modi apprises young about making easy money through mobile App "BHIM"

Modi apprises young about making easy money through mobile App "BHIM"

New Delhi, Apr 30 (UNI) Prime Minister Narendra Modi, while disclosing the secret to earn big time through mobile App BHIM, today urged the young generation to contribute by going the 'Digital India' way.

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30 Apr 2017 | 3:15 PM
Nation remembers Doyen of Indian Cinema Dada Saheb Phalke on his birth anniv

Nation remembers Doyen of Indian Cinema Dada Saheb Phalke on his birth anniv

New Delhi, Apr 30 (UNI) There stood a man amongst the crowd which had come to see "The Life of Christ" in 1910 who after seeing the flick decided the direction of his life and within a span of two months went through all the films released in Mumbai and vowed that how he would do nothing else but film making.

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30 Apr 2017 | 4:49 PM
India to give Rs 35-cr to Bangladesh  under 'Muktijodha scholarship' scheme

India to give Rs 35-cr to Bangladesh under 'Muktijodha scholarship' scheme

Dhaka/New Delhi, Apr 30 (UNI) India will give Rs 35-crore scholarship to children of the Freedom Fighters in Bangladesh during the next five years under the new 'Muktijodha scholarship' scheme.

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30 Apr 2017 | 4:46 PM
Congress questions BJP Govt's anti-Naxal policy

Congress questions BJP Govt's anti-Naxal policy

New Delhi, Apr 30 (UNI) The Congress party today slammed the Modi Government for its alleged failure in Naxal policy and said over 500 people died in Naxal attack in last two years.

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30 Apr 2017 | 5:20 PM

Joshna is Asian champion, Max Lee takes men's title

30 Apr 2017 | 10:07 PM

Chennai, Apr 30 (UNI) Once a junior Asian champion, Joshna Chinappa became the first player from India to win the senior title when she beat Dipika Pallikal Karthik over an intensely fought five game final in the Jio-19th Asian Individual Squash Championship here on Sunday.

Infosys launches integrated AI platform Nia

Infosys launches integrated AI platform Nia

27 Apr 2017 | 3:09 PM

Bengaluru, Apr 27 (UNI) IT major Infosys today announced the launch of Infosys Nia, the next-generation Artificial Intelligence Platform building on the success of the Company’s first-generation AI platform, Infosys Mana, and its Robotic Process Automation (RPA) solution, AssistEdge, together, both these products have amassed 50+ clients and 150+ engagements across all industry sectors, within a year of operations.

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