Tuesday, Mar 28 2017 | Time 07:56 Hrs(IST)
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  • TV PROGRAMME DD SPORTS
  • TV PROGRAMME DD NATIONAL
  • Trump son-in-law met executives of sanctioned Russian bank; will testify
  • Weaker dollar lifts oil futures, but soaring US output weighs
  • Australia shares bounces back as investors shift focus back home; NZ slips
  • Australia cancels vote on extradition treaty with China
  • Venezuela to create new exchange rate mechanism - President Maduro
  • China's Liaoning pledges 10 mln T low-grade steel closures by June
  • NZ extend lead after Williamson dismissed in third test
  • House Democratic leader Pelosi says intel panel chief should recuse himself
  • Dollar limps away from multi-month lows, still seen vulnerable
  • China can deploy warplanes on artificial islands any time -think tank
  • Senegal-Ivory Coast friendly abandoned after pitch invasion
  • US government watchdog to review Mar-a-Lago trips, Trump hotel profits
  • Montenegro NATO accession clears hurdle in US Senate
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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 Modi likely to host dinner for NDA allies, others to discuss candidates for Prez polls

PM Modi likely to host dinner for NDA allies, others to discuss candidates for Prez polls

New Delhi, Mar 27 (UNI) Prime Minister Narendra Modi is likely to resort to 'dinner diplomacy' with key leaders of NDA constituent parties especially Shiv Sena chief Uddhav Thackeray on May 29 to build up a consensus for the ensuing Presidential elections.

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27 Mar 2017 | 8:56 PM
Parliament passes Mental Healthcare Bill; attempt to suicide to be no more punishable under IPC

Parliament passes Mental Healthcare Bill; attempt to suicide to be no more punishable under IPC

New Delhi, March 27 (UNI) Attempt to suicide will no more be punishable under the Indian Penal Code (IPC) with the Mental Healthcare Bill, 2016 today getting the Parliament nod.

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27 Mar 2017 | 6:40 PM
New Central Goods and Services Tax Bill seeks to broaden tax base: Govt

New Central Goods and Services Tax Bill seeks to broaden tax base: Govt

New Delhi, Mar 27 (UNI) The Central Goods and Services Tax Bill, 2017 moved in the Lok Sabha today among other things provides for measures to "levy tax" on all intra-state supplies for goods or services except supply of alcoholic liquor and also broad base the input tax credit.

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27 Mar 2017 | 3:20 PM
Prabhu stresses on complete digitalisation of Railways

Prabhu stresses on complete digitalisation of Railways

New Delhi, Mar 27 (UNI) Railway Minster Suresh Prabhu today stressed on complete digitalisation of Indian Railways and said that there was a need for a holistic approach for digitalisation of the national transport in partnership with IT industry so that Railways and vendors can benefit mutually.

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27 Mar 2017 | 8:37 PM
Cong alleges Rs 20000 cr  scam in purchase of LED bulbs, demands high level probe

Cong alleges Rs 20000 cr scam in purchase of LED bulbs, demands high level probe

New Delhi, Mar 27 (UNI) Accusing the NDA Government at the Centre of lack of transparency in the tendering and procurement process in purchase of LED bulbs, street lights, pumps and fans to promote energy efficiency , the Congress today alleged a scam of Rs 20000 cr in the purchase and demanded an impartial inquiry under the supervision of a retired Supreme Court judge into it.

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27 Mar 2017 | 9:50 PM
December 16 gangrape: Apex Court reserves order

December 16 gangrape: Apex Court reserves order

New Delhi, Mar 27 (UNI) The Supreme Court today reserved judgement on appeals against capital punishment filed by the four convicts in the brutal December 16 gangrape case, that had sent ripples of shock across the nation.

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27 Mar 2017 | 4:43 PM
Kenyan forces kill 31 al Shabaab militants in Somalia-statement

Kenyan forces kill 31 al Shabaab militants in Somalia-statement

NAIROBI, Mar 27 (Reuters) Kenyan troops in Somalia killed 31 Islamist al Shabaab militants in a raid on two of their bases in the southern Somali region of Jubbaland, the Kenyan military said today.

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27 Mar 2017 | 4:35 PM

TV PROGRAMME DD SPORTS

28 Mar 2017 | 7:43 AM

DD SPORTS 12:00AM Sports Hour 01:00AM 56th National Inter State Athletics Championship 2016 02:30AM 35th National Games 04:00AM ITF Future Tennis Tournament 05:00AM 57th Subroto Cup 06:00AM 2nd All India Intermediate Badminton Tournament 2015 07:00AM Sports Hour 08:00AM 13th Air Force Civilians 09:00AM Sports Cafe 09:30AM Women Hockey World League 11:00AM Sports Hour 12:00PM Masters Polo Championship 12:30PM Sports Cafe 01:00PM 35th National Games 02:30PM Khel Samachar 03:00PM 57th Subroto Cup 04:00PM 56th National Inter State Athletics Championship 2016 06:00PM 2nd All India Intermediate Badminton Tournament 2015 07:00PM Women Hockey World League 08:00PM Khelo India National Volleyball Championship 09:00PM Sports Hour 10:00PM 57th Subroto Cup 11:00PM 12th South Asian Games 2016 --------- UNI AKC PM0743.

Trump son-in-law met executives of sanctioned Russian bank; will testify

28 Mar 2017 | 7:14 AM

By Elena Fabrichnaya, Steve Holland and Patricia Zengerle MOSCOW/WASHINGTON, Mar 28 (Reuters) A Russian bank under Western economic sanctions over Russia's incursion into Ukraine disclosed that its executives had met Jared Kushner, President Donald Trump's son-in-law and a top White House adviser, during the 2016 election campaign.

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