A healthy correction on the dollar is underway while we reckon this is only temporary at best. There were various discussions about the strong dollar which affect the equity market. Any plans for a rate hike look set to delay until June or September period. Further evidence of better than expected economic data will drive the need to raise interest rates.
The Air Intelligence Unit (AIU) under the Indian Customs Department seized three kilograms of abandoned gold from a private air carrier that arrived at Sardar Vallabhbhai Patel International Airport, Ahmedabad from Dubai.