US dollar edges up as traders await Fed announcement


New York, July 29 | The US dollar rose modestly in late trading on Tuesday as market participants eyed a key policy meeting of the Federal Reserve.

The dollar index, which measures the greenback against six major peers, was up 0.02 per cent at 93.6955.

In late New York trading, the euro decreased to $1.1721 from $1.1749 in the previous session, and the British pound was up to $1.2943 from $1.2870 in the previous session. The Australian dollar was up to $0.7161 from $0.7141, Xinhua reported.

The US dollar bought 105.09 Japanese yen, lower than 105.38 Japanese yen of the previous session. The US dollar fell to 0.9174 Swiss franc from 0.9203 Swiss franc, and it was unchanged at 1.3360 Canadian dollars from the previous session.

The US central bank kicked off its two-day policy meeting on Tuesday, followed by an interest rate decision on Wednesday.

“The Fed decision tomorrow is centre stage,” Esther Reichelt, forex analyst at Commerzbank, said in a note on Tuesday.

“Even if tomorrow is unlikely to be the right moment for a more expansionary monetary policy approach, the Fed will no doubt sound prepared for further easing,” Reichelt added.

Source: IANS

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Global Strategist and Philanthropist Drummi Bhatt returns to her homeland to bring about a vernacular infotainment content revolution

Global Strategist and Philanthropist Drummi Bhatt returns to her homeland to bring about a vernacular infotainment content revolution

Drummi Bhatt has successfully donned many hats including that of a global strategy professional, mentor, and investor to early-stage startups encouraging women entrepreneurship, and a philanthropist.

Drummi currently leads Market Intelligence and Strategy team at Mitsubishi Power, USA building corporate-level strategies for global markets. Drummi is also the founder of KarmaKonnect, a Woman and Rural Empowerment Non-Profit Organisation which works for projects in remote rural, tribal, and conflict areas.

Her philanthropy work has taken her to various corners of India, including, far end corners of Leh, Ladakh, Telangana, and remote areas of Chambal. During these visits, she got mesmerized by culturally rich, vernacular, and diverse, the true “Bharat”.

During her interaction across the country, she got enchanted by the whirlwind of talent residing across Bharat, which is not restricted to a language, city, or just tier-1 cities but is found in abundance all across tier-2, tier-3 cities, and rural-tribal clusters.

With OTT platforms ruling the world in 2020, Drummi decided to bring her strategic insights and data analytics strength to this field by joining hands with seasoned entrepreneurs, Rahul Narvekar and Narendra Firodia, to launch its kind, vernacular OTT platform, Letsflix.

In 2019, Drummi, Rahul, and Narendra have successfully launched India’s first vernacular infotainment app, LetsUp, which now caters to 1.5 million users and in 7 vernacular languages, a feat achieved by none. The trio has now been passionately working towards creating and delivering vernacular content for every viewer in India with Letsflix.


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