By Harshit Verma (Reuters) – Gold held steady after briefly trimming gains on Thursday as data showed tightness in the U.S. job market, with focus now shifting to a host of Federal Reserve speakers for cues on interest rate hikes. Spot gold was up 0.1% at $1,918.68 per ounce by 1:47 p.m. EDT (1747 GMT), …
By Siddhi Nayak MUMBAI (Reuters) – Transactions in the Indian digital rupee are averaging close to 18,000 a day, a source directly familiar with the matter said on Thursday, well below the target of hitting a million transactions a day by year-end. The source declined to be identified as he is not authorised to speak …
India digital rupee transactions tracking below target – source Read More »
By Anant Chandak BENGALURU (Reuters) – Inflation in India was likely to have eased in August from a 15-month high in July, led by cooling vegetable prices, but held above the upper end of the Reserve Bank of India’s 2%-6% target for a second month, a Reuters poll found. Erratic monsoon rains have ruined some …
India inflation likely cooled in August, but still above RBI target range Read More »
By Sethuraman N R and Manvi Pant BENGALURU (Reuters) -Indian shares closed on Thursday at a more than one-month high, led by gains in banks and power stocks, with a technical breakout lending support. The Nifty 50 index settled 0.59% higher at 19,727.05, while the S&P BSE Sensex climbed 0.58% to 66,265.56. The 19,600 range …
Indian shares end at one-month high; small, mid-cap extend winning streak Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended at a record closing low on Thursday, despite the central bank’s likely intervention, as elevated U.S. treasury yields and weakness in other Asian currencies weighed on the local unit. The rupee ended at 83.21 against the U.S. dollar, compared with 83.1325 in the previous session. …
Rupee ends at record closing low despite cenbank intervention Read More »
(Reuters) – Vedanta Resources, parent of Indian metals-to-oil conglomerate Vedanta Ltd, is planning to meet bondholders in Singapore and Hong Kong as it faces repayment of about $2 billion of notes next year, Bloomberg News reported on Thursday. The non-deal roadshow would take place as soon as next week, the report said, citing people familiar …
Vedanta plans to meet investors as it faces $2 billion debt bill – Bloomberg News Read More »
By Ira Dugal MUMBAI (Reuters) – Larsen & Toubro, India’s largest capital goods company, expects the contribution from private sector projects to be at about a third of its orderbook as investment activity picks up, a senior executive said. But the contribution is seen staying below the historical peak of 40%, CFO R. Shankar Raman …
India’s L&T sees share of private orders settle at a third but remain below peak Read More »
By Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India has been frequently intervening in the non-deliverable forward (NDF) market to make sure that the rupee does not drop to a record low, four bankers told Reuters on Thursday. The rupee was at 83.1525 to the U.S. dollar as of 11:16 a.m. IST, not …
With Indian rupee near record low, cenbank steps up NDF intervention Read More »
By Sudarshan Varadhan SINGAPORE (Reuters) -GAIL (India) Ltd will tap spot liquefied natural gas (LNG) markets to address surging power demand, an executive at the state-run company said on Thursday, as the Indian government calls for more supplies to address an electricity crunch. Much of India’s domestic gas supply is already committed, Sanjay Kumar, marketing …
India’s GAIL to tap spot LNG markets to meet surge in power demand Read More »
By Rajendra Jadhav and Sudarshan Varadhan SINGAPORE (Reuters) -India is seeking additional volumes of natural gas and has asked utilities to expedite completion of power plant maintenance, as part of emergency steps to stop electricity outages, according to a government note seen by Reuters. The move follows extension of an emergency law that forces power …
India seeks more natural gas amid emergency measures to end blackouts Read More »
