Reuters India Business

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed little changed following muted trading on Monday on a lack of fresh triggers at the start of the year. The rupee ended at 83.2375 against the U.S. dollar, slightly lower from its close at 83.2075 in the previous session. Most global markets were shut on …

Rupee ends little changed, traders await fresh triggers Read More »

NEW DELHI (Reuters) – Indian billionaire Gautam Adani’s joint venture with Mumbai’s slum rehabilitation authority has hired a global team to redevelop Dharavi, a key step in rebuilding one of Asia’s biggest slums amid growing opposition to the project. Dharavi, about three quarters the size of New York’s Central Park, is a crowded area that …

India’s Adani hires global team for Mumbai slum overhaul project Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee will open little changed on Monday, with the U.S. Federal Reserve interest rate outlook and the Reserve Bank of India’s forex strategy expected to be the key to begin the New Year. Non-deliverable forwards indicate the rupee will open nearly unchanged from 83.2075 on Friday. Other …

Rupee’s direction guided by Fed outlook, RBI at start of 2024 Read More »

By Dharamraj Dhutia MUMBAI (Reuters) -The bull-run in Indian financial markets is likely to continue in 2024 as foreign interest remains robust, with heavy buying expected in both equity and debt markets, several analysts and industry watchers said. India’s inclusion in the JPMorgan emerging market debt index will boost investments in government debt, while attractive …

Indian shares, bonds seen rallying in 2024 on continued foreign inflows Read More »

NEW DELHI (Reuters) – The Indian government on Sunday appointed Arvind Panagariya the chairman of new Finance Commission that will recommend how federal taxes will be shared with states. In 2017, Panagariya, an Indian-born, U.S.-educated economist, resigned from the government’s main policy think-tank, after he was hand picked by Prime Minister Narendra Modi to lead …

Former Modi adviser Panagariya appointed as India’s new finance panel head Read More »

By Dharamraj Dhutia MUMBAI (Reuters) – The bull-run in Indian financial markets is likely to continue in 2024 as foreign interest remains robust, with heavy buying expected in both equity and debt markets, several analysts and industry watchers said. India’s inclusion in the JPMorgan emerging market debt index will boost investments in government debt, while …

Indian shares, bonds seen rallying in 2024 on continued foreign inflows Read More »