Germany is leading the biggest rally in global bond markets since March’s banking rout as cooling inflation and a weakening economy suggest European Central Bank rate hikes are nearing an end. Borrowing costs, or bond yields, in the benchmark euro area issuer are down at least 20 basis points (bps) this week. Alongside British and U.S. peers, yields – which move inversely to bond prices – were set for their biggest weekly declines since mid-March…
India logged 861 new coronavirus infections taking the total tally of COVID-19 cases to 4,30,36,132, while the active cases dipped to 11,058, according to the Union Health Ministry data updated on Monday.
The death toll has climbed to 5,21,691 with six fresh fatalities, the data updated at 8 am stated.
The active cases comprise 0.03 per cent of the total infections, while the national COVID-19 recovery rate remained at 98.76 per cent, the ministry said.
A reduction of 74 cases has been recorded in the active COVID-19 caseload in 24 hours.
India’s COVID-19 tally had crossed the 20-lakh mark on August 7, 2020, 30 lakh on August 23, 40 lakh on September 5, and 50 lakh on September 16. It went past 60 lakh on September 28, 70 lakh on October 11, crossed 80 lakh on October 29, 90 lakh on November 20, and surpassed the one-crore mark on December 19.
The country crossed the grim milestone of two crores on May 4 and three crores on June 23 last year.