MUMBAI (Reuters) -India’s economy remains resilient despite a state of flux in the global economy due to the twin shocks from trade and geopolitical tensions, the Reserve Bank of India said in its monthly bulletin released on Wednesday. The RBI cut its key policy rate by a larger-than-expected 50 basis points earlier this month and …
Indian economy resilient despite global flux, central bank bulletin says Read More »
MUMBAI (Reuters) -The Reserve Bank of India (RBI) sold a net of $1.66 billion in the spot foreign exchange market in April, data released on Wednesday as part of the central bank’s monthly bulletin showed. The RBI said it purchased $10.11 billion and sold $11.77 billion during the month. In March, the central bank had …
India cenbank sold net $1.66 billion in spot forex market in April, bulletin shows Read More »
By Vivek Kumar M and Bharath Rajeswaran (Reuters) -Indian shares rose on Wednesday, led by heavyweight Reliance Industries on earnings optimism and as easing tensions in the Middle East following a ceasefire between Israel and Iran spurred a global risk-on rally. The Nifty 50 added 0.8% to 25,244.75 and the BSE Sensex rose 0.85% to …
Reliance, IT lift Indian shares; Israel-Iran ceasefire spurs risk-on sentiment Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed slightly weaker on Wednesday, weighed down by month-end importer dollar demand, while gains in local equities and a revival in risk appetite after a fragile truce between Iran and Israel cushioned the pressure. The rupee closed at 86.0775 against the U.S. dollar, down 0.1% from …
Rupee ends a tad lower, month-end importer dollar bids weigh Read More »
By Maggie Fick and Jennifer Rigby LONDON (Reuters) -Drugmakers Bharat Biotech and GSK will cut the price of their malaria vaccine to below $5 per dose by 2028, more than halving its current cost, they said on Wednesday. The vaccine, Mosquirix or RTS,S, was developed by GSK and the non-profit PATH, and was the first …
Bharat, GSK to halve price of malaria vaccine by 2028 Read More »
MUMBAI (Reuters) -The Reserve Bank of India on Wednesday extended the trading hours for the interbank call money market by 2 hours to 7:00 p.m. IST, with effect from July 1. Banks borrow and lend money in the call market. The revised timings for the call market will be 9:00 a.m. IST to 7:00 p.m. …
India’s central bank extends call money market timing by 2 hours Read More »
(Reuters) -India’s market regulator has directed stock exchanges to monitor whether trading members have implemented “corrective actions”, after regulatory inspections found violations, according to a circular issued by BSE on Wednesday. Securities and Exchange Board of India (SEBI) conducted joint inspections with the stock exchanges, the circular said, without specifying when the inspections were made …
By Dharamraj Dhutia MUMBAI (Reuters) -The Indian central bank’s decision to withdraw surplus liquidity from the banking system just weeks after a large rate cut and cash boosting measures has prompted an uptick in money market rates which may continue in the coming days, traders said. The Reserve Bank of India will conduct a seven-day …
India central bank withdrawing surplus funds will dampen money market’s mood Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) -The National Stock Exchange of India has offered to pay the country’s markets regulator 13.88 billion rupees ($160 million) to settle a legal dispute so it can proceed with a long-delayed initial public offering, three sources said. The sum is set to be largest settlement made with the markets …
(Reuters) -Adani Group Chairman Gautam Adani on Tuesday denied any wrongdoing in response to U.S. allegations of bribery, telling shareholders that no individual from the group has been charged under the U.S. Foreign Corrupt Practices Act (FCPA). “Despite all the noise, the facts are that no one from the Adani Group has been charged with …
Indian billionaire Adani says no one from group charged with US FCPA violation Read More »
