By Nimesh Vora MUMBAI (Reuters) -India’s central bank will cut interest rates on Wednesday, despite the rupee repeatedly making all-time lows, in a bid to prioritise growth amid worsening trade tensions with the U.S., according to three analysts. The views of analysts at Capital Economics, Nomura and Emkay Global diverge from the consensus call that …
Weak rupee not a hurdle to India rate cut, analysts say Read More »
(Corrects market share to about 0.5% from about 5% in paragraph 4 after company clarification) By Meenakshi Maidas and Yagnoseni Das (Reuters) -Simple Energy, an Indian electric two-wheeler manufacturer that plans to go public next year, is aiming for a 19-fold jump in retail presence by 2029 as it accelerates expansion in northern India to …
IPO-bound Indian EV startup Simple Energy plans aggressive expansion by 2029 Read More »
By Nimesh Vora MUMBAI (Reuters) -The Indian rupee dropped to a record low on Tuesday, with unresolved trade strains with the United States fuelling heavy dollar demand and prompting central bank intervention to support the currency. The rupee hit a lifetime low of 88.80, slipping past the prior low of 88.7975 struck last week. It …
Indian rupee hits all-time low on US-India policy friction; RBI continues support Read More »
(Corrects to add missing word to headline) By Jayshree P Upadhyay MUMBAI (Reuters) -India’s National Stock Exchange will offer a daily expiry on GIFT Nifty contracts to foreign investors via a tax-neutral jurisdiction as it seeks to attract more global funds, diverging from domestic markets’ tighter equity derivatives rules. GIFT Nifty is a dollar-denominated derivative …
India’s GIFT Nifty derivative rules diverge from mainland curbs Read More »
MUMBAI (Reuters) -India recorded above-average rainfall during the June to September monsoon season for a second consecutive year in 2025, a senior weather department official told Reuters on Tuesday. The country received 8% more rainfall than average, boosted by heavy downpours in September, said the official with the state-run India Meteorological Department. (Reporting by Rajendra …
India receives above-average monsoon rains for second straight year Read More »
NEW DELHI (Reuters) -The Indian government said on Tuesday that it would extend its flagship export incentive scheme, the Remission of Duties and Taxes on Export Products (RoDTEP), until March 2026, according to a commerce ministry notification. The scheme reimburses exporters for taxes, duties, and levies at the central, state, and local levels that are …
India extends export incentive scheme until March 2026 Read More »
By Vivek Kumar M (Reuters) -Shares of Anand Rathi’s broking arm jumped 9% in their market debut on Tuesday, giving the Indian financial services firm a 20.2 billion-rupee ($227.5 million) valuation as strong investor demand marked a busy IPO season. Anand Rathi Share and Stock Brokers opened at 442.6 rupees, above the 414-rupee issue price. …
Anand Rathi’s broking unit soars 9% in India IPO, valued at $227.5 million Read More »
By Nimesh Vora MUMBAI (Reuters) -The one-day dollar/rupee swap rate climbed on Tuesday on the back of flows related to the quarter-end, while the spot rate was little changed amid weak Asian cues. The one-day (cash/tomorrow) dollar/rupee swap rate rose to 1.21 paisa, from 0.40-0.46 paisa on Monday. The implied rupee interest rate based on …
Dollar/rupee one-day swap rate surges on quarter-end flows; spot flat Read More »
By Brijesh Patel (Reuters) -Gold prices rose to hit a fresh high on Tuesday and were poised for their best month in 14 years, as fears of a potential U.S. government shutdown and growing expectations of further U.S. interest rate cuts boosted demand for the safe-haven metal. Spot gold was up 0.9% at $3,866.90 per …
Gold hits record high, set for best month in 14 years on safe-haven rush Read More »
By Brijesh Patel (Reuters) -Gold prices rose to hit a fresh high on Tuesday and were poised for their best month in 14 years, as fears of a potential U.S. government shutdown and growing expectations of further U.S. interest rate cuts boosted demand for the safe-haven metal. Spot gold was up 0.4% at $3,848.65 per …
Gold hits record high, set for best month in 14 years on safe-haven rush Read More »
