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MUMBAI (Reuters) – The Indian central bank likely sold U.S. dollars to cap further deprecation in the rupee after the currency hit a fresh record low on Wednesday due to strong dollar demand from local importers and oil companies, four traders told Reuters. The rupee fell to a record low of 83.45 in the closing …

Indian cenbank likely sold US dollars after rupee slips to fresh record low, traders say Read More »

By Siddhi Nayak and Swati Bhat MUMBAI (Reuters) -India’s current account deficit narrowed in the October-December quarter, largely due to higher service exports, the central bank said on Tuesday. The deficit was $10.5 billion, or 1.2% of GDP, in the third quarter of fiscal 2023/24, compared with $11.4 billion, or 1.3% of GDP, in the …

India current account gap narrows to 1.2% of GDP in Oct-Dec, cenbank says Read More »

By Jaspreet Kalra MUMBAI (Reuters) – India’s central bank will continue to curb sharp swings in the rupee, traders said, after it fell to a record low on Friday, spurring speculation the Reserve Bank of India (RBI) may be loosening its grip on the currency. Persistent intervention by the RBI in the foreign exchange market …

India cenbank to limit sharp swings in rupee after slip to record low, traders say Read More »

By Hritam Mukherjee and Bharath Rajeswaran BENGALURU (Reuters) -Indian shares fell on Tuesday, dragged by high-weightage financials and information technology stocks and as consolidation continued in the holiday-truncated last week of the financial year. The Nifty 50 index lost 0.42% to 22,004.70 but ended above 22,000 for the fourteenth session out of 17 this month. …

Heavyweights drag Indian shares as consolidation continues Read More »

MELBOURNE (Reuters) – Perth will host the opener of the blockbuster five-test Australia-India series in November, which will conclude with the traditional New Year’s test in Sydney, Cricket Australia said on Tuesday. The teams’ first five-test series in over 30 years will kick off on Nov. 22 at Perth Stadium, where Virat Kohli’s India were …

Cricket-Perth to kick off India’s blockbuster test tour of Australia Read More »

By Sakshi Dayal NEW DELHI (Reuters) -Police in the Indian capital detained dozens of opposition supporters on Tuesday as they attempted to march to Prime Minister Narendra Modi’s residence to protest against last week’s arrest of Delhi Chief Minister Arvind Kejriwal. Kejriwal, a key opposition leader whose Aam Aadmi Party (AAP) has governed the national …

Indian opposition supporters detained ahead of protest at Modi’s home Read More »

(Reuters) – Virat Kohli showed he is more than just a promotional tool for T20 cricket with a blistering knock in the Indian Premier League as the former Indian captain sent out a warning to bowlers ahead of the World Cup in the U.S. and West Indies this year. Despite playing only two T20 internationals …

Cricket-Kohli serves timely reminder of T20 prowess with fiery IPL knock Read More »

(Reuters) – Chennai will host the Indian Premier League (IPL) final on May 26, the first time in 12 years the city is hosting the summit clash after the Indian cricket board (BCCI) released the full schedule of the T20 franchise tournament on Monday. The BCCI had announced the schedule only for the first two …

Cricket-Chennai to host IPL final on May 26 Read More »

(Reuters) – Rajasthan Royals paceman Sandeep Sharma welcomed a rule change in the Indian Premier League (IPL) that allows bowlers to send down two bouncers per over, saying it would keep batsmen guessing and make the game more unpredictable. Twenty20 cricket has largely been a batsmen-friendly format with bowlers allowed only one short-pitched delivery every …

Cricket-Rajasthan’s Sandeep, Lucknow’s Pooran back two-bouncer rule in IPL Read More »

By Krishna N. Das NEW DELHI (Reuters) – A billionaire industrialist and a former Indian Air Force chief on Sunday became the latest prominent figures, including a judge and an ambassador, to join Prime Minister Narendra Modi’s party in recent weeks as it seeks to widen its lead over the opposition. Modi’s Bharatiya Janata Party …

Billionaire among prominent Indians flocking to Modi’s party ahead of vote Read More »