Reuters India Business

By Ankur Banerjee SINGAPORE (Reuters) – Global investors looking for alternatives to China’s anaemic economy are pouring money into India, picking stocks carefully in a market they abandoned in 2022 and still deem expensive. India is attractive, investors say, because it is insulated from China while also emerging as a strong parallel offshore manufacturing hub, …

Analysis-Foreign investors rush into Indian stocks as locals lie low Read More »

By Dharamraj Dhutia and Siddhi Nayak MUMBAI (Reuters) – The Reserve Bank of India (RBI) may ask lenders to continue maintaining additional cash reserves for two more fortnights, with some tweaks to the proportion, as it seeks to keep liquidity tight amid high inflation, at least six senior treasury officials told Reuters. The incremental cash …

Indian cenbank may extend incremental cash reserve ratio with tweaks – bankers Read More »

By Dharamraj Dhutia MUMBAI (Reuters) – Foreign investors stepped up their pace of Indian government bond purchases in August as the recent sell-off has provided attractive points of entry and on renewed expectations of the country’s inclusion in a global bond index. Foreign investors bought bonds worth 45.3 billion rupees ($545.5 million) on a net …

Foreign investors step up India bond buying in Aug citing attractive entry points Read More »

MOSCOW (Reuters) – India remained the main buyer of Russian Urals oil loaded from the state’s ports in August, despite a record rise in prices for the grade, traders, LSEG data and Reuters calculations showed. Indian refineries said in August that the Urals discount to the dated Brent benchmark crude had narrowed too much, making …

India remained top buyer of Russian Urals in Aug despite rising prices Read More »

By Nidhi Verma NEW DELHI (Reuters) – The average price of Russian oil delivered at Indian ports in July dropped to the lowest since Moscow’s invasion of Ukraine in February last year, according to Indian government data. India received Russian oil at an average price of $68.09 per barrel in July, marginally down from $68.16 …

Russia’s oil price to India in July lowest since Ukraine war began Read More »

MUMBAI (Reuters) – The rupee on Tuesday dropped to 83 against the U.S. dollar for the first time in almost two weeks on likely dollar outflows and broad weakness in Asian currencies. The rupee was at 83.0050 to the dollar, down from 82.7475 in the previous session. The offshore Chinese yuan dropped to near 7.30 …

Indian rupee drops to 83/USD, lowest in about two weeks Read More »

By Hritam Mukherjee BENGALURU (Reuters) -Inventory levels for passenger vehicles in India hit an all-time high in August ahead of the festive season, an “alarming” trend that needs vigilant monitoring by automakers, an industry dealers’ body said on Tuesday. The average passenger vehicle (PV) inventory at the end of August ranged from 58-63 days, up …

Indian automakers must be vigilant about ‘alarming’ inventory levels – industry body Read More »

MUMBAI (Reuters) – Discussions are underway on a global framework to regulate crypto assets, India’s finance minister said on Tuesday, adding that cryptocurrencies could not be regulated efficiently without the co-operation of all countries. “India’s (G20) presidency has put on the table key issues related to regulating or understanding that there should be a framework …

G20 chair India says talks underway for global framework on crypto rules Read More »