Reuters India Business

By Nimesh Vora MUMBAI (Reuters) – Indian importers should hedge their near-term foreign currency payments on expectations that the U.S. dollar will rally in the next quarter on the back of more Federal Reserve rate hikes, several analysts said. The greenback is projected to strengthen against most Asian currencies in the July-September quarter, with a …

Indian importers must hedge near-term exposures on USD rally risk – analysts Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was poised for its biggest monthly advance versus the U.S. dollar since January, aided by persistent foreign equity inflows. The rupee was little changed at 82.0450 to the dollar on Friday, having hovered around the 82 handle throughout this week. For the month, the rupee was …

Rupee heads for best monthly performance since Jan on portfolio inflows Read More »

LONDON (Reuters) – Britain will discuss temporary business visas as part of Free Trade Agreement talks with India but any deal will not contain broader immigration commitments or access to Britain’s labour market for Indian workers, trade minister Kemi Badenoch said. Britain launched trade talks with India in January last year, and Prime Minister Rishi …

UK says India trade talks discussing business travel, not broader immigration Read More »

BENGALURU (Reuters) – Procter & Gamble India said it would invest 20 billion rupees ($243.79 million) to set up a personal healthcare manufacturing facility in the western state of Gujarat. The company will manufacture digestive products that are part of parent P&G’s global healthcare product portfolio at the facility, it said in a statement on …

Procter & Gamble India to invest $244 million to set up manufacturing facility Read More »

By Upasana Singh (Reuters) – Investors increased bearish bets on most Asian currencies, as a stuttering post-pandemic recovery in China, the world’s second-largest economy, weighed on sentiment, a Reuters poll showed on Thursday. Bearish bets on Thailand’s baht and the Malaysian ringgit rose to their highest since early November, while investors raised their short positions …

Bearish bets on Asian currencies firm as weak China growth weighs: Reuters poll Read More »

By Jayshree P Upadhyay MUMBAI (Reuters) -India’s markets regulator on Wednesday strengthened disclosure requirements for a set of “high-risk” offshore funds investing in local markets to prevent attempts to dodge regulations on mandatory public shareholding. The move is aimed at unraveling opaque structures through which some offshore funds invest in India-listed companies and follows an …

India tightens disclosure norms for offshore funds Read More »