![]() ![]() ![]() Higher turnover means higher trading fees. It a common perception that Premium Paid on all Life Insurance Policies qualifies for deduction under section 80C of the Income Tax Act,1961 and full premium amount qualifies for deduction under section 80C.IYR - Expenses Operational Fees Sales Fees Trading Fees Related Fees Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. $75.66.The investment in life insurance can be deducted up to Rs 1,50,000. Real estate has …IYR tracks a market-cap-weighted index of US real estate equities. Real Estate Index, which has fewer than 100 holdings diversified primarily across large and mid-cap size companies. dollar to US$0.6850, also rebounding from deep lows.Įven beaten down cryptocurrencies advanced at the dollar's expense, with bitcoin up more than 10% at $21,300.IyrIYR follows the Dow Jones U.S. The Australian dollar also had its best daily rise in a month, up 1.3% versus the U.S. The Japanese yen posted its best daily gain in a month, up 1% at 142.675 yen per dollar, as it clawed away from recent 24-year lows.īank of Japan Governor Haruhiko Kuroda said on Friday rapid yen moves were undesirable after a meeting with Prime Minister Fumio Kishida. The Bank of England said on Friday it would delay its next monetary policy meeting by one week due to the period of royal mourning. Sterling gained 0.8% to $1.1592, after a modest dip the previous day following the death of Queen Elizabeth. read moreĬurrencies perceived as riskier bets also benefited from an improvement in market sentiment to end the week, reflected in gains across European and U.S. European Union energy ministers were split on Friday over whether to cap Russian gas prices, as they met to work out steps to shield citizens. One of the big gainers was the euro, which leapt as much as 1.2% to a three-week high of $1.0114, a day after the European Central Bank raised its key interest rate by an unprecedented 75 basis points (bps).Įurope still faces a weak economic outlook, with sky-high energy prices squeezing consumers and businesses. is consistent with our view that the backdrop remains favorable for the dollar, as it stands to benefit from higher real rates while the global economy slows," wrote Jonathan Petersen, Capital Economics senior markets economist wrote in its latest research note. consumer price data next week likely to be closely watched.Ĭapital Economics expects the CPI to continue to edge lower. rate futures are pricing in an 87% chance of the Fed hiking by 75 bps hike this month, with fresh U.S. On Friday, the dollar index dropped as low as 108.35 and was last down 0.5% at 108.96. The greenback this week soared to a 24-year high against the yen, a 37-year peak versus sterling, wit the dollar index surging to a more than 20-year high. But this is not a reversal of the trend on dollar strength," he added. ![]() The market looked at everything overnight and decided that this is a good juncture to square up and that process has brought the dollar lower. "Probably position-taking will be light until the FOMC (Federal Open Market Committee) meeting. "Markets are getting a little nervous about levels, really historic levels, so the market decided not to push the dollar's strength at this juncture and lightened up positions," said Greg Anderson, global head of FX strategy, at BMO Capital Markets in New York. ![]() On the week, the dollar index, which tracks the greenback's value against six major peers, posted its first weekly fall in four on Friday. inflation report that could determine the size of the Federal Reserve's rate hike at this month's policy meeting. NEW YORK, Sept 9 (Reuters) - The dollar fell to a more than one-week low on Friday as investors consolidated gains after a sharp rise against most currencies, ahead of a U.S. ![]()
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