By Nidhi Verma NEW DELHI (Reuters) – India’s Fertilisers And Chemicals Travancore is in talks to sign a three-year contract to buy rock phosphate from Togo, to widen its supply sources, three people with direct knowledge of the matter said. In what would mark an Indian company’s first long-term fertiliser deal with the African nation, …
India fertiliser company in talks to buy phosphate from Togo, sources say Read More »
By Arathy Somasekhar HOUSTON (Reuters) – U.S. exports of crude oil to India last month climbed to their highest in over two years, ship tracking data showed, as refiners in the country sought alternative supplies following tighter U.S. sanctions on Russian producers and tankers. The U.S. exported about 357,000 barrels per day (bpd) of crude …
US crude exports to India hit over 2-yr high in Feb as Russia sanctions bite Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – Heavier-than-expected supply of debt from Indian states has resulted in a jump in the premium they pay over the corresponding central government bonds, and this is set to rise further as the overall supply is on track to hit a record high in fiscal 2025. BY THE NUMBERS Indian …
Heavy debt supply to further push up cost of borrowing for Indian states Read More »
By Shivangi Acharya and Aditi Shah NEW DELHI (Reuters) -The United States wants India to eliminate tariffs on car imports under a proposed trade deal between the two nations, but New Delhi is reluctant to immediately bring down such duties to zero even as it considers further cuts, sources told Reuters. India’s high auto tariffs …
US eyes zero tariff on cars in India trade deal as Tesla entry nears, sources say Read More »
By Vivek Mishra BENGALURU (Reuters) – The Indian rupee will weaken more against the U.S. dollar over the coming year than previously thought on escalating fears of a U.S.-led global trade war and a slowing domestic economy, a Reuters poll of FX analysts found. Analysts said expectations for a short and shallow interest rate-cutting cycle …
Indian rupee poised for steeper slide as trade war, growth fears mount: Reuters poll Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is likely to inch up at open on Thursday, adding to the previous day’s advance, spurred by the dollar’s decline on worries that growth in the world’s largest economy is slowing. The one-month non-deliverable forward indicated that the rupee will open at 86.88-86.90 to the U.S. …
Rupee to extend mini-rally on dollar’s growth worries-driven slump Read More »
By Anmol Choubey (Reuters) – Gold prices edged lower on Wednesday despite a lower dollar as investors held back from making large bets ahead of the release of U.S. payrolls data later this week, although trade war jitters kept prices above the key level of $2,900 per ounce. Spot gold was down 0.1% at $2,913.99 …
Gold takes a breather as focus turns to US jobs data Read More »
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -U.S. electric carmaker Tesla has signed a lease deal to open its first showroom in Mumbai, as it moves towards a goal to sell imported cars in India, registration papers show, after it dropped similar plans last year. Tesla did not immediately respond to a request …
Tesla signs deal for first India showroom to sell imported EVs Read More »
By Aditya Kalra and Neha Arora NEW DELHI (Reuters) -ArcelorMittal’s India joint venture has warned it may have to severely curtail steelmaking in the country and delay its expansion plans due to New Delhi’s import restrictions on a key raw material, a company letter to the government showed. In a bid to help the domestic …
By Siddhi Nayak and Dharamraj Dhutia (Reuters) – India’s central bank said on Wednesday it will infuse $21 billion in rupee liquidity into the banking system in a bid to ease lending conditions and boost economic growth. The Reserve Bank of India (RBI) “will continue to monitor evolving liquidity and market conditions and take measures …
India central bank announces over $21 billion liquidity infusion to support growth Read More »
