By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was unable to sustain an uptick at the open on Monday, pressured by dollar buying by state-run banks, likely on behalf of oil companies. The rupee was quoted at 86.6900 to the U.S. dollar at 12:48 pm IST, barely changed from its close on Friday. The …
Rupee struggles after opening uptick on dollar buying by state-run banks Read More »
By Dharamraj Dhutia and Nimesh Vora MUMBAI (Reuters) – The 1-year dollar/rupee forward premium plunged on Monday and shorter-term India government bond yields fell, after the country’s central bank announced an FX swap to shore up rupee liquidity. WHY IT’S IMPORTANT Forward premiums are a factor that companies take into account while making their decision …
By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) -India is likely to raise import taxes on vegetable oils for the second time in less than six months to help support thousands of oilseed farmers reeling from a crash in domestic oilseed prices, two government sources said on Friday. The hike in import duties by …
India likely to raise vegetable oil import taxes to help support local farmers Read More »
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) – Persistent foreign portfolio outflows may keep the Indian rupee on the defensive this week with the currency taking cues from regional peers, while government bonds will react to liquidity infusions by the central bank. The rupee, rose slightly week-on-week to settle at 86.7125 against the U.S. …
Indian rupee to take cues from regional peers, bond traders eye liquidity moves Read More »
LONDON (Reuters) – Britain’s Business and Trade Secretary Jonathan Reynolds and India’s Commerce Minister Piyush Goyal will meet in New Delhi on Monday to restart talks on a UK-India trade deal, the British government said on Sunday. “Securing a trade deal with what is soon-to-be the third biggest economy in the world is a no-brainer, …
Britain and India to restart trade talks in New Delhi on Monday Read More »
NEW DELHI (Reuters) -India’s state-run Coal India will establish a joint venture with an arm of France’s EDF to build renewable power plants in South Asian countries, it said on Sunday. The joint venture between Coal India and EDF India, will set up pumped-storage hydropower projects and other renewable energy projects in India and neighbouring …
Coal India and France’s EDF to form renewables joint venture Read More »
NEW DELHI(Reuters) – India on Saturday appointed its former central bank chief Shaktikanta Das as Prime Minister Narendra Modi’s principal secretary, according to a government notice. The appointment comes after Das finished his second term at the helm of the Reserve Bank of India in December last year, where he oversaw monetary policy, debt and …
India appoints former central bank chief as Modi’s principal secretary Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar rose against a broad range of currencies on Friday including the euro, sterling and those tied to commodities such as the Australian dollar, as investors consolidated positions ahead of the weekend, looked to more inflation data next week and kept an eye on tariff headlines. …
Dollar rises in midst of consolidation, trims gains after weak US data Read More »
By Anmol Choubey (Reuters) – Gold prices eased on Friday as investors booked profits from the previous session’s record high, but were set for an eighth straight weekly gain, driven by strong safe-haven demand amid concerns over U.S. President Donald Trump’s tariff plans. Spot gold shed 0.1% to $2,939.63 an ounce as of 02:24 a.m. …
Gold eases from record high on profit-taking, eyes eighth weekly gain Read More »
By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Brazil’s state-run oil firm Petrobras is considering cancelling a tender to charter a production storage and offloading vessel (FPSO) from India’s Shapoorji Pallonji Energy, two sources with knowledge of the matter told Reuters. The state-run firm believes the bid by the Indian shipbuilding firm was too …
Petrobras considers cancelling FPSO tender after high bid, sources say Read More »
