Rupee does better than peers
The Indian rupee rose against the US currency on Monday, helped by likely dollar inflows and healthier risk, traders said.
Indian businesses keen to invest heavily here
Indian businesses showed interest to invest heavily in various sectors of Bangladesh.
India’s economic growth likely slowed further
India’s economic growth likely slowed further in the October-December quarter amid weakening demand and is set to lose more momentum as a series of interest rate hikes weigh on activity, according to a Reuters poll of economists.
India may cut gold import duty
India plans to slash the import duty on gold because higher taxes have made it more profitable for smugglers, who can offer hefty discounts and denting the market share of banks and refiners, government and industry officials told Reuters.
India may keep lid on sugar exports
India is not looking at allowing more sugar exports, government and industry officials said on Thursday, dampening speculation that the world’s biggest producer of the sweetener would permit a second tranche of overseas shipments.
Review import demand for 7 items
India has suggested that Bangladesh review the proposed import quota on seven food items as the neighbouring nation believes the quantity sought as a guaranteed supply is too high.
Rupee does better than peers
The Indian rupee rose against the US currency on Monday, helped by likely dollar inflows and healthier risk, traders said.
Indian businesses keen to invest heavily here
Indian businesses showed interest to invest heavily in various sectors of Bangladesh.
India plans to extend fuel export curbs beyond March
India plans to extend restrictions on the export of diesel and gasoline after the current fiscal year ends this month to ensure the availability of refined fuels for the domestic market, two government sources with direct knowledge of the matter said.
Rupee weakens
The Indian rupee declined on Monday as relief from the Credit Suisse rescue deal proved to be short-lived, with investors dumping risk assets on worries over a contagion in the global financial sector.
Adani says it secures $3b credit from wealth fund
India’s Adani Group has told creditors it has secured $3 billion loan from a sovereign wealth fund, two sources with knowledge of the matter said, as the embattled conglomerate seeks to ease concerns about its credit profile after a short-seller attack.
India’s economic growth likely slowed further
India’s economic growth likely slowed further in the October-December quarter amid weakening demand and is set to lose more momentum as a series of interest rate hikes weigh on activity, according to a Reuters poll of economists.
Germany seeks to deepen business ties with India
German Chancellor Olaf Scholz arrived in India on Saturday seeking to deepen business ties between the world’s number four and five economies and push for progress on an EU trade deal despite differences over Ukraine.
World Bank promises ‘concessionality’ in debt restructuring
The World Bank will “provide as much concessionality to the debt treatment” for distressed economies as possible, its president told a meeting with the International Monetary Fund, India, China, and other creditor nations on Saturday.
India’s steel imports from Russia rise to eight-year high
India’s imports of Russian steel rose to an eight-year high during the first 10 months of the financial year that began in April 2022, government data compiled by Reuters showed.
India may extend wheat export ban
India is considering extending a ban on wheat exports as the world’s second-biggest producer seeks to replenish state reserves and bring down domestic prices, government sources said.