By Ira Dugal and Aftab Ahmed NEW DELHI (Reuters) -The Indian government is not averse to a weaker rupee in line with global market fundamentals, a senior official told Reuters, at a time when the central bank’s intervention has tried to moderate the depreciation in the Indian currency. The comments come against the backdrop of …
Indian govt not averse to weaker rupee vs dollar – source Read More »
(Corrects headline to add dropped word ‘Indian’) By Nimesh Vora and Anushka Trivedi MUMBAI (Reuters) – The Indian rupee is likely to fall further after hitting a record low to the dollar on Thursday as the U.S. Federal Reserve hinted at more aggressive rate hikes to tame inflation. The rupee opened at a record low …
Indian rupee tipped to fall further after reaching record low, RBI key – analysts Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee hit a record low on Thursday as the dollar surged on the Federal Reserve sharply hiking rates and maintaining a stance that is more hawkish than expected. The partially convertible rupee fell 0.7% to 80.5625 per dollar as of 0451 GMT, with the dollar index up …
Rupee at record low on hawkish Fed, investors pin hopes on equity flows Read More »
MUMBAI (Reuters) – India’s headline retail inflation is expected to rise to a five-month high of 7.4% in September, with the risk of going higher if the momentum of food and vegetable prices picks up further in the rest of the month, Deutsche Bank said. “Our nowcasting exercise reveals that CPI inflation is tracking around …
India’s Sept retail inflation seen at 7.4% – Deutsche Bank Read More »
By Sethuraman N R BENGALURU (Reuters) – Indian shares dropped on Thursday, while the rupee hit a record low, after the U.S. Federal Reserve raised interest rates and indicated it would raise rate more often than markets had expected. The NSE Nifty 50 index fell 0.58% at 17,615.70, while the S&P BSE Sensex dropped 0.60% …
By Mayank Bhardwaj NEW DELHI (Reuters) -India is considering allowing the overseas shipment of some rice cargoes stuck at ports after the world’s biggest exporter of the grain imposed restrictions earlier this month, a government official said on Wednesday on the condition of anonymity. To boost local supplies and calm prices after below-average monsoon rainfall …
India considering exporting some stuck rice cargoes Read More »
By Kavya Guduru (Reuters) – Gold rose on Wednesday as Russian President Vladimir Putin’s move to mobilize more troops over the conflict in Ukraine drew investors to the safe-haven asset, offsetting pressure from a firmer dollar and looming U.S. interest rate hikes. Spot gold rose 0.3% to $1,667.41 per ounce by 11:46 a.m. ET (1546 …
Gold recovers as Russian threats drive investors to safe-haven asset Read More »
By Munsif Vengattil NEW DELHI (Reuters) -India is expecting to court a total investment of at least $25 billion as a result of its incentive scheme meant to boost local manufacturing of chip and display panels, junior IT minister Rajeev Chandrasekhar told reporters on Wednesday. His comments came hours after the Indian government raised fiscal …
India expects at least $25 billion investment under semiconductor incentive scheme Read More »
BENGALURU (Reuters) – Indian shares ended lower after a choppy Wednesday session, as Russia’s escalation of the conflict in Ukraine further soured sentiment of investors already bracing for a super-sized interest rate hike by the Federal Reserve. The NSE Nifty 50 index ended 0.55% lower at 17,718.35, while the S&P BSE Sensex slipped 0.44% to …
Indian shares slip as Russia mobilisation compounds Fed rate worries Read More »
BENGALURU (Reuters) -HDFC Bank on Wednesday signed a multi-year data and technology agreement with Refinitiv, a London Stock Exchange Group business, as the Mumbai-based lender looks to reach more customers and cut costs. HDFC Bank, India’s largest private sector lender, will get comprehensive access to Refinitiv’s data and products under the agreement, enabling cost savings …
India’s HDFC Bank signs multi-year data and technology deal with Refinitiv Read More »
