Reuters India Business

By Nimesh Vora MUMBAI (Reuters) -The Indian rupee is likely to hover near its lifetime low at open on Tuesday, dragged by weakness across Asia and persistent U.S. trade tensions that have strained New Delhi’s economic ties with Washington. Non-deliverable forwards indicated the rupee would open at 88.74–88.78 to the dollar, little changed from Monday’s …

Rupee pinned near all-time low on weak Asia, enduring US trade troubles Read More »

MUMBAI (Reuters) -The Indian central bank has raised the limit for perpetual debt that banks can raise overseas and use as part of their core capital, according to a circular late on Monday. Perpetual debt is debt that does not have a maturity date. Perpetual debt issued in foreign currency or in Indian rupees overseas …

India central bank raises overseas perpetual debt limit for banks Read More »

MUMBAI (Reuters) -The Reserve Bank of India (RBI) tweaked rules for small business loans, allowing the spread charged for the credit risk of a borrower to be adjusted more frequently. It also allowed banks more flexibility in lending to businesses that use gold as a raw material. The changes were announced late on Monday through …

India central bank tweaks rules for small business loans, loans against gold Read More »

By Noel John and John Biju (Reuters) -Gold prices surged past $3,800 an ounce for the first time on Monday, setting a new record as investors flocked to the safe-haven asset on U.S. rate cut expectations, fears of a potential government shutdown and escalating geopolitical tensions. Spot gold was up 1.9% at $3,829.63 per ounce …

Gold hits record high on rate-cut bets, US government shutdown fears Read More »

(Reuters) -Tata Steel has signed a non-binding pact with the government of Netherlands to transition to low-carbon emission steel production at its IJmuiden plant, the Indian steelmaker said on Monday. The plant is among the largest polluters in the country and Tata has been in talks with the Dutch government for months over subsidies to …

India’s Tata Steel signs pact with Dutch government to lower carbon emissions Read More »

By Noel John and John Biju (Reuters) -Gold prices surged past $3,800 an ounce for the first time on Monday, setting a new record as investors flocked to the safe-haven asset on U.S. rate cut expectations, fears of a potential government shutdown and escalating geopolitical tensions. Spot gold jumped 1.6% to $3,820.96 per ounce by …

Gold hits record high on rate-cut bets, US government shutdown fears Read More »