Reuters India Business

BENGALURU (Reuters) – India’s services sector growth picked up slightly in April after March’s slowdown as demand expanded robustly, although optimism was its weakest in nearly two years, a survey showed on Tuesday. The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, rose marginally to 58.7 in April from 58.5 in March, …

India’s April services growth edges up; confidence falls to two-year low, PMI shows Read More »

(This story has been corrected to say that the U.S. dollar slid to a three-year low, not record low, against the Taiwan dollar, in paragraph 2) By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar weakened against major currencies, including the yen and the euro, on Monday as markets weighed continued uncertainty from President Donald …

Dollar slides against peers, weighed down by fresh tariff worries Read More »

By Laila Kearney and Robert Harvey NEW YORK/LONDON (Reuters) -Oil fell by more than $1 a barrel on Monday to settle at over four-year lows as an OPEC+ decision to expedite its output hikes stoked fears about rising global supply at a time when the demand outlook is uncertain. Brent crude futures settled at $60.23 …

Oil ends at four-year lows as OPEC+ accelerates output hikes Read More »

By Siddhi Nayak and Dharamraj Dhutia MUMBAI (Reuters) -India saw the listing of its first residential mortgage-backed securities sold through the bidding route on Monday. The housing finance regulator expects firms to raise 100 billion rupees to 200 billion rupees ($1.2 billion to $2.4 billion) through these instruments in the current financial year. The funds …

India sees debut listing of residential mortgage-backed securities Read More »

(Updates prices for market close) By Sarah Qureshi (Reuters) – Gold prices gained more than 2% on Monday, driven by a weaker dollar and safe-haven demand, while the market awaits a policy decision from the U.S. Federal Reserve later in the week. Spot gold was up 2.3% at $3,315.09 an ounce at 1:52 p.m. ET …

Gold gains on dollar weakness, safe-haven demand Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee strengthened on Monday, tracking a rise in the offshore Chinese yuan and comforted by falling crude oil prices, even as dollar demand from importers and a large foreign bank ate into some of the currency’s intraday gains. The rupee closed at 84.25 against the U.S. dollar, …

Rupee ends higher, aided by stronger yuan and slumping oil prices Read More »

By Nandan Mandayam and Meenakshi Maidas (Reuters) -Indian automaker Mahindra & Mahindra expects its sport utility vehicle (SUV) sales to grow by up to 19% in the current financial year, an executive said on Monday, citing strong interest in its combustion engine and new electric models. “We continue to stay positive, given our portfolio and …

India’s Mahindra sees its SUV sales rising up to 19% in financial year 2026 Read More »