By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to open largely unchanged on Tuesday despite a decline in Asian peers on expectations that the central bank will not allow the currency to drop to an all-time low. Non-deliverable forwards indicate the rupee will open flat from 83.5925 in the previous session. The …
Rupee pressed by weak Asia, supported by intervention hopes Read More »
By Shivangi Acharya NEW DELHI (Reuters) – India is exploring ways to boost its exports to Russia, including by encouraging rupee-rouble trade and pushing Moscow to lift non-tariff barriers, New Delhi said on Monday, in the wake of Prime Minister Narendra Modi’s visit to Moscow. Old partners India and Russia have stepped up trade since …
India seeks to boost exports to Russia after Modi trip Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -Indian bond market participants are expecting the government to help towards the payout of the interest and principal for Mahanagar Telephone Nigam Ltd bonds after a guarantee was invoked for one issue, four merchant bankers said. MTNL had raised 24.80 billion rupees ($296.97 million) through 10-year government-guaranteed bonds in July …
India may intervene for interest payment of MTNL’s other bonds, bankers say Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended lower on Monday, pressured by a decline in the Chinese yuan and tracking losses in Asian peers amid rising odds of Donald Trump’s re-election as U.S. president. The rupee closed at 83.5925 against the U.S. dollar, lower than its close at 83.5350 in the previous …
Rupee ends lower pressured by weaker yuan; Fed Powell’s remarks in focus Read More »
ROME (Reuters) – Italian police said on Saturday they had freed 33 Indian farm labourers from slave-like working conditions in the northern Verona province and seized almost half a million euros ($545,300) from their two alleged abusers. Labour exploitation is in the spotlight in Italy following an accident in June in which an Indian fruit …
Italian police free 33 Indian farm labourers from ‘slavery’ Read More »
NEW DELHI (Reuters) – U.S. National Security Adviser Jake Sullivan spoke to his Indian counterpart Ajit Doval on Friday, India said, just days after the U.S. raised concerns with New Delhi about Indian Prime Minister Narendra Modi’s meeting with Russian President Vladimir Putin. Sullivan and Doval “discussed a wide range of issues of bilateral, regional …
Sullivan talks to Indian counterpart days after Indian PM Modi’s Russia visit Read More »
By Aditya Kalra and Dhwani Pandya MUMBAI (Reuters) – Indian billionaire Mukesh Ambani’s son marries on Friday in a lavish ceremony that has been a hot talking point at home and abroad, with his father’s $260 billion-conglomerate Reliance taking to social media to heavily publicise the event. Reliance’s efforts, coupled with posts from a host …
India’s Reliance, Bollywood fuel Ambani wedding hype through social media Read More »
By Dhwani Pandya and Aditya Kalra MUMBAI (Reuters) -The wedding of a scion from India’s ultra-wealthy Ambani family – much in the news for its opulent celebrations and VIP-studded guest list – has suddenly developed more political overtones with posters of Prime Minister Narendra Modi now lining the road to the venue. The four-day extravaganza …
India’s Ambani wedding spectacle gets political with Modi posters Read More »
(Reuters) – India’s retail inflation rate rose for the first time in five months in June due to a continued sharp spike in food prices, government data showed on Friday. Annual retail inflation was 5.08% in June, up from 4.75% in May. Economists polled by Reuters had forecast inflation at 4.80%. Prices of food, which …
Instant View: India’s retail inflation accelerates in June Read More »
NEW DELHI (Reuters) – India’s industrial output rose 5.9% year-on-year in May, government data showed on Friday. Economists polled by Reuters had expected growth of 4.9%. (Reporting by Nikunj Ohri; Editing by Sohini Goswami)
