By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was marginally higher on Friday, while its Asian peers were weaker in the lead-up to the monthly U.S. jobs report that analysts say will shape expectations around the March Federal Reserve policy decision. The rupee was at 83.2050 to the U.S. dollar at 09:58 a.m. IST, …
Rupee inches up; Asia FX awaits US jobs report to assess Fed outlook Read More »
By Nidhi Verma and Nikunj Ohri NEW DELHI (Reuters) – India plans to halve the amount of equity investment to $1.8 billion for 2023/24 to help fund three state oil refiners’ green energy projects, four government and industry sources said, as the federal government seeks to curb its fiscal deficit. Asia’s third largest economy, facing …
Exclusive-India set to halve oil refiners’ FY24 energy transition equity support Read More »
By Nick Said CAPE TOWN (Reuters) – India chased down a modest victory target of 79 to claim a seven-wicket win over hosts South Africa in the second test at Newlands on Thursday and share the two-match series 1-1 after an extraordinary game finished inside five sessions. India seamer Jasprit Bumrah took 6-61 to bowl …
Cricket-India complete seven-wicket win over South Africa to share series Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – India’s benchmark 10-year bond yield could fall around 50 basis points in 2024, and it is an “opportune” time to increase duration risk, Sandeep Yadav, head of fixed income at DSP Mutual Fund said. “Fixed income investors should increase debt duration further in 2024, as this the best time …
Opportune time to up duration risk in Indian bonds, says DSP Mutual Fund’s Yadav Read More »
By Nick Said CAPE TOWN (Reuters) -South Africa closed an extraordinary see-saw first day of the second and final test against India at Newlands on 62 for three in their second innings, trailing the tourists by 36 runs after 23 wickets and several records fell on Wednesday. Aiden Markram (36 not out) and David Bedingham …
Cricket-South Africa trail India after record-breaking first day of second test Read More »
BENGALURU (Reuters) -Adani Ports and Special Economic Zone, India’s largest private port operator, will raise up to 50 billion rupees ($600.6 million) by selling non-convertible debentures, it said on Wednesday. Billionaire Gautam Adani was re-designated as executive director from managing director and his son Karan Adani was re-designated as managing director from CEO, the company …
India’s Adani Ports to raise up to $601 million by selling debentures Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s oil imports from Russia fell due to unattractive pricing and not because of payment problems, oil minister Hardeep Singh Puri said on Wednesday. “There is no payment problem … It is a pure function of the price at which our refineries will buy,” Puri told a press …
India’s Russian oil imports drop on pricing, not due to payment woes Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s benchmark indexes declined on Wednesday, dragged down by information technology and metal stocks, as global markets slid amid fading optimism about early U.S. interest rate cuts ahead of the release of the Federal Reserve minutes. The NSE Nifty 50 index fell 0.69% to 21,517.35, while the S&P BSE Sensex …
IT, metals drag Indian shares lower ahead of Fed policy minutes Read More »
MUMBAI (Reuters) – The Indian rupee closed marginally higher on Wednesday, supported by dollar sales from foreign banks, even as most of its Asian peers fell pressured by a recovery in the U.S. dollar index. The rupee ended at 83.2750 against the dollar, slightly higher compared with its close at 83.3175 in the previous session. …
Rupee ends slightly higher; traders await US data, Fed minutes Read More »
By Anant Chandak BENGALURU (Reuters) – India’s manufacturing industry ended 2023 on a slightly shaky footing as factory growth decelerated to an eighteen-month low in December, pressured by a weaker rise in new orders and output, a business survey showed on Wednesday. The HSBC India Manufacturing Purchasing Managers’ Index, compiled by S&P Global, fell to …
India’s factory growth ends 2023 at 18-month low on weaker new orders, output Read More »
