Mumbai, Mar 13 (PTI) The rupee appreciated 19 paise to 87.03 against the US dollar in early trade on Thursday, buoyed by a favourable macroeconomic data that also led to a buying rush in domestic equity markets. According to forex analysts, escalated
New Delhi, Jan 15 (PTI) India’s exports in December 2024 contracted for the second month in a row by about one per cent year-on-year to USD 38.01 billion due to global uncertainties, while the trade deficit narrowed to USD 21.94 billion. According
MUMBAI, Jan 15 (Reuters) – Some analysts are pushing back expectations for interest rate cuts in India as the rupee’s slump to record lows fans worries about inflation, even as growth in Asia’s third-largest economy slows. The weaker currency could add to
NEW DELHI, Jan 14 (Reuters) – India aims to boost its textile and garments industry in next month’s budget with financial support, tariff cuts on key inputs and incentives to produce locally, two government sources said. An ongoing political crisis in neighbouring
MUMBAI, Jan 14 (Reuters) – The Indian rupee weakened to its all-time low on Tuesday due to strong dollar bids spurred by the maturity of positions in the non-deliverable forwards (NDF) market, while likely intervention by the Reserve Bank of India helped
