Reuters India Business Archives - Page 810 of 1191

India banking liquidity enters deficit for first time in nearly 5 months

22 Aug 2023 22 Aug 2023

By Dharamraj Dhutia MUMBAI (Reuters) -Indian banking system liquidity slipped into a deficit for the first time since end-March, as the Reserve Bank of India’s (RBI) temporary liquidity withdrawal and tax outflows impacted banks’ funding, traders said on Tuesday. Banking system liquidity stood at a deficit of 236 billion rupees ($2.84 billion) as of Aug. …

India banking liquidity enters deficit for first time in nearly 5 months Read More »

India’s July Russian oil imports dip; Saudi import down to 2-1/2-yr low -trade

22 Aug 2023 22 Aug 2023

By Nidhi Verma NEW DELHI (Reuters) – India’s July crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2 years following OPEC+ cuts, tanker data from trade and industry sources showed. Both China and India, the world’s biggest and third-biggest …

India’s July Russian oil imports dip; Saudi import down to 2-1/2-yr low -trade Read More »

Rupee inches up but US yields seen as major headwind

22 Aug 2023 22 Aug 2023

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee rose slightly on Tuesday on the back of a subdued U.S. dollar, but was not expected to make a significant move higher in the wake of worries over U.S. yields. The rupee was at 83.0650 to the U.S. dollar by 11:58 a.m. IST, up from 83.1075 …

Rupee inches up but US yields seen as major headwind Read More »

India says inflation pressures warrant government, central bank vigilance

22 Aug 2023 22 Aug 2023

By Shivangi Acharya NEW DELHI (Reuters) – Inflationary pressures in India caused by global uncertainty and domestic disruptions will require greater vigilance by the government and the Reserve Bank of India, the finance ministry said in its monthly economic report on Tuesday. The ministry’s comments come weeks after data showed retail inflation in July rose …

India says inflation pressures warrant government, central bank vigilance Read More »

India considering export tax on parboiled rice variety – report

22 Aug 2023 22 Aug 2023

NEW DELHI (Reuters) – India is considering imposing an export tax on parboiled rice variety, ET Now television channel reported on Tuesday, citing agencies. The Indian government had last month surprised buyers by imposing a ban on export of widely consumed non-basmati white rice. (Reporting by Tanvi Mehta; editing by Sudipto Ganguly)

Gold hovers near 5-month low as yields rise, Jackson Hole in focus

21 Aug 2023 21 Aug 2023

By Harshit Verma (Reuters) – Gold prices hovered around a five-month low on Monday, as elevated bond yields pressured bullion, while investors looked ahead to the U.S. Federal Reserve’s Jackson Hole symposium later this week for more clarity on the interest rate path. Spot gold edged up 0.3% to $1,893.82 per ounce by 02:13 p.m. …

Gold hovers near 5-month low as yields rise, Jackson Hole in focus Read More »

India and ASEAN agree to review trade pact by 2025

21 Aug 2023 21 Aug 2023

NEW DELHI (Reuters) – India and the Association of Southeast Asian Nations (ASEAN) have agreed to review their trade pact by 2025, the Indian government said on Monday, less than a month after India’s trade minister called the agreement unfair to the Indian industry. The decision came at a meeting of economic ministers from the …

India and ASEAN agree to review trade pact by 2025 Read More »

Rupee ends flat, in contrast to peers, on likely cenbank intervention

21 Aug 2023 21 Aug 2023

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee ended little changed after trading in a narrow band on Monday, on likely dollar-selling intervention by the central bank which helped the currency navigate the decline in its the Asian peers. The rupee closed at 83.1075 per U.S. dollar compared to its close of 82.1025 on …

Rupee ends flat, in contrast to peers, on likely cenbank intervention Read More »

Indian shares gain as IT, financials rebound outweighs Reliance’s slide

21 Aug 2023 21 Aug 2023

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares rose on Monday, as a rebound in IT and financial stocks outweighed the slide in Reliance Industries following spin-off Jio Financial’s weak trading debut. The Nifty 50 index settled 0.43% higher at 19,393.60, while the S&P BSE Sensex added 0.41% to 65,216.09. IT stocks gained 1.09%, rebounding from …

Indian shares gain as IT, financials rebound outweighs Reliance’s slide Read More »

Reliance’s Jio Financial hits limit-down on debut, valued at $19 billion

21 Aug 2023 21 Aug 2023

By Rama Venkat and Sethuraman N R BENGALURU (Reuters) -Shares in India’s Jio Financial Services (JFS), carved out of billionaire Mukesh Ambani’s Reliance Industries, fell limit-down on Monday at its trading debut as investors waiting for more clarity about the scope of the business cashed out of the stock. Ambani’s Reliance had last month spun …

Reliance’s Jio Financial hits limit-down on debut, valued at $19 billion Read More »