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BCS
Trends
- 1
The US dollar is strengthening against major currencies and the ruble, reaching an 18-month high as investors await the release of the Federal Reserve's meeting minutes and speeches by central bank officials. Analysts at BCS note the dollar has shifted to growth against the euro, with euro declining amid rising government bond yields. Russian traders are watching the dollar-euro exchange rates for November 3 closely amid this global dollar rally.
- 2
Political debate over reservations is intensifying in Andhra Pradesh. Senior leader Dharmana Prasada Rao has accused Chandrababu Naidu of badly deceiving Backward Classes over their quota demands, while Telugu media are also reporting controversy around reservations for municipalities. The dispute is keeping caste-based quota politics at the centre of state political conversation.