By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended at a record closing low on Friday, weighed down by weakness in its Asian peers and dollar demand from foreign banks. The rupee ended at 83.3675 against the U.S. dollar, lower by 0.03% compared with its close at 83.3425 in the previous session. The rupee …
India rupee declines to record closing low, tad down on week Read More »
NEW DELHI (Reuters) – India is looking at building its first strategic natural gas reserves by using old, depleted hydrocarbon wells to store the fuel and hedge against global supply disruption, a senior executive of natural gas company GAIL (India) Ltd said on Friday. The strategic facilities would be built in phases in India’s western …
India seeks to build strategic reserves by storing gas in depleted wells – GAIL exec Read More »
By Nidhi Verma NEW DELHI (Reuters) – Indian Oil Corp, the country’s top refiner, aims to double the capacity of its liquefied natural gas (LNG) import terminal at Ennore in southern India, Sandeep Jain, the company’s executive director for gas business, said on Friday. The company plans to expand capacity to 10 million metric ton …
Indian Oil to double Ennore LNG terminal’s capacity to 10 million tpy – exec Read More »
(Reuters) – India’s markets regulator told the country’s top court on Friday it would not seek an extension to complete a probe into billionaire Gautam Adani’s group. (Reporting by Jayshree P Upadhyay, Arpan Chaturvedi; Editing by Nivedita Bhattacharjee)
By Nimesh Vora Mumbai (Reuters) – The Indian rupee’s relative stability is changing hedging behaviour among businesses in the country, spurring them into using creative options structures in place of conventional tools. Companies are using options-structures such as seagulls and range-forwards, bankers say, rather than simply using a forward contract to lock in a rate …
Indian rupee’s low volatility spurs more options hedging Read More »
By Nikunj Ohri NEW DELHI (Reuters) – India will struggle to raise even half the proceeds it had targeted from planned sales of state-run firms this year and will miss divestment targets for the fifth straight year, sources said, as elections shift government priorities. The government may fall short of its divestment goal by 300 …
India set to miss divestment targets by more than half this year – sources Read More »
By Jaspreet Kalra MUMBAI (Reuters) – Broad losses in the dollar failed to aid the Indian rupee on Thursday as demand for the greenback from local corporates and large foreign banks weighed despite gains across most other Asian peers. The rupee ended at 83.3425 against the U.S. dollar, barely changed from its close at 83.32 …
Rupee ends little changed; strength in Asian peers fails to aid Read More »
By Harshit Verma (Reuters) – Gold prices edged up on Thursday as the U.S. dollar ticked lower, but investors remained largely on the sidelines in holiday-thinned trading with uncertainty around the Federal Reserve’s rate path. Spot gold was up 0.1% to $1,991.79 per ounce at 3:22 p.m. ET (2022 GMT). U.S. gold futures were flat …
Gold up on weaker dollar as investors wait on Fed rate path Read More »
By Siddhi Nayak MUMBAI (Reuters) -Go First’s lenders will vote on a proposal to liquidate the insolvent Indian airline, two banking sources told Reuters on Thursday, days after a deadline to bid for the company ended with no suitors. “The proposal whether or not to liquidate the airline has been floated and individual lenders will …
India’s Go First lenders to vote on liquidation amid lack of suitors -sources Read More »
(Reuters) – India’s crude oil imports rose in October, after falling in the previous four months, as the world’s third biggest oil importer and consumer shipped in more fuel to meet winter demand, Petroleum Planning and Analysis Cell (PPAC) data showed on Thursday. Crude imports in October rose 5.9% month-on-month to 18.53 million metric tons, …
India’s October crude oil imports rise after four months of declines Read More »
