The coronavirus pandemic has pushed the US federal budget deficit above $3 trillion for the first 11 months of fiscal 2020, more than doubling the previous full-year record, the US Treasury said on Friday.

US budget deficit tops $3 trillion with one month left in fiscal 2020

The Reserve Bank of India's move to widen its third special open market operation (OMO) helped bonds rise on Friday but worries over a likely fiscal slippage and a surge in global crude prices capped the gains.

Indian bonds gain as India's central bank, RBI, widens third special Open Market Operation

India Ratings and Research (Ind-Ra) said on Thursday that domestic steel demand showed improvement in the third quarter of the current fiscal year and can further pick up in the fourth quarter (January to March).

Ind-Ra: Higher gross spreads expected in steel sector over H2 FY20

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fiscal year-2020

US budget deficit tops $3 trillion with one month left in fiscal 2020

Indian bonds gain as India's central bank, RBI, widens third special Open Market Operation

Ind-Ra: Higher gross spreads expected in steel sector over H2 FY20