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Australian dollar dips after weak jobs data

The Australian dollar edged lower on Thursday after a weak employment report, in contrast to its NZ counterpart which advanced following a surprise GDP surge.

Economy: Recovery incomplete, price rise a concern

The monthly data released on inflation and industrial production last week paints an encouraging picture of the state of the economy. However, a closer look at the numbers shows that a full recovery is still some distance away, even as inflation concerns exist despite a dip.

Govt s overseas debt at decade high in FY21 - The Economic Times

Govt’s overseas debt at decade high in FY21 SECTIONS Share Synopsis Outstanding multilateral government debt amounted to $57.7 billion as of March 2021 compared to $48.3 billion as of March 2020, translating net fresh borrowing of $9.4 billion during the fiscal. In addition the government bilateral borrowing amounted $2.5 billion and another $209 million from the IMF. Getty Images Indian government s overseas borrowing rose to a decade record last fiscal as the state leaned on multilateral agencies to fight the Covid-19 pandemic. Last fiscal the government shed the aversion to raising funds overseas in extraordinary circumstances to raise $9.4 billion. A bulk of these borrowings were for COVID and development-related projects and estimated to have funded about 3 to 4 per cent of the revised fiscal deficit for the year.

Services activity contracts for 3rd straight month amid Covid-fuelled uncertainty, inflation and financial concerns

Services activity contracts for 3rd straight month amid Covid-fuelled uncertainty, inflation and financial concerns
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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