MUMBAI (Reuters) – The Indian rupee eked out slim gains against the dollar on Wednesday as investors remained risk averse ahead of domestic inflation data, with the Reserve Bank of India likely stepping in to halt a further slide in the local currency. The rupee was up 0.1% at 82.23 per dollar, very close to …
Rupee marginally up as RBI steps in, awaits inflation data Read More »
(Refiling to fix typographical error in headline; restores media tag) (Reuters) – Energy prices and availability are among the biggest problems facing the Indian economy in the near future, India’s Finance Minister Nirmala Sitharaman said on Tuesday. Citing the challenges as external, she mentioned energy costs in the context of previously fulfilled environmental commitments. “But …
Energy price, availability among short-term challenges for Indian economy -minister Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The safe-haven U.S. dollar gained broadly in volatile trading on Tuesday, adding to recent gains, after a top Bank of England official reiterated that the central bank will end its bond-buying program on Friday and told pension fund managers to finish rebalancing their positions within that time frame. …
U.S. dollar rises, yen not far from 24-year trough that prompted intervention Read More »
By Bharat Gautam (Reuters) – Gold bounced off a one-week low on Tuesday, lifted by a softer dollar, while investors braced for a key U.S. inflation report that is expected to influence the Federal Reserve’s monetary policy stance. Spot gold rose 0.6% to $1,677.70 per ounce at 1418 EDT (1818 GMT), after rising about 1% …
Gold jumps on dollar dip as market awaits key U.S. inflation data Read More »
By Aditi Shah NEW DELHI (Reuters) -Warren Buffet-backed Chinese electric carmaker BYD launched its first passenger car in India on Tuesday, an electric sport-utility vehicle (SUV), marking its entry into the mainstream market amid a broader global expansion. BYD launched the Atto 3 electric SUV, fitted with its renowned Blade battery technology, with a plan …
Buffet-backed BYD taps India as latest market amid global push Read More »
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -India’s government will push Apple, Samsung and other mobile phone manufacturers to prioritise rolling out software upgrades to support 5G in the country, amid concerns that many of their models are not ready for the recently launched high-speed service. Prime Minister Narendra Modi launched 5G services …
India to press Apple, Samsung for faster 5G software upgrades in phones Read More »
MUMBAI (Reuters) – The Reserve Bank of India likely sold dollars via state-run banks on Tuesday and conducted buy/sell swaps to limit the rupee’s losses, three traders told Reuters. The rupee was last trading at 82.3850, down from 82.32 in the previous session after hitting a record low of 82.6825 on Monday. The rupee has …
India’s RBI likely sold dollars, received forwards to stem rupee’s drop – traders Read More »
By Marc Jones LONDON (Reuters) – The United Nations’ Development Programme (UNDP) joined on Tuesday the chorus of institutions and charities warning that a serious debt crisis is now taking hold in the poorest parts of the world. In a new report, the UNDP estimated that 54 countries, accounting for more than half of the …
Serious debt crisis unfolding across developing countries – UNDP Read More »
BENGALURU (Reuters) – The Indian unit of Japan’s Toshiba will supply its SCiB rechargeable lithium-ion cells for 10,000 electric delivery vans made by Indian start-up EVage, the companies said on Tuesday. This is the first deployment of lithium titanium oxide (LTO) cells into commercial delivery vans and will help EVage vehicles with battery safety and …
Toshiba India to supply batteries for EVage’s electric vans Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee recovered from a record low to end flat on Monday after the Reserve Bank of India (RBI) likely intervened in the markets, but analysts maintained their view that the local currency was set for further losses. The partially convertible rupee pared all its losses to close …
