By Nimesh Vora MUMBAI (Reuters) – The plunge in forward premiums to more than a decade low could impact carry trades and fuel the demand for dollars, leading to weakness in the Indian rupee, analysts said. The USD/INR 1-year forward premium has fallen to 1.70%, down almost 300 basis points year-to-date and the lowest since …
Fall in forward premiums to pile pressure on Indian rupee – analysts Read More »
AHMEDABAD, India (Reuters) – India’s ruling Bharatiya Janata Party (BJP) is set to win a comfortable majority in Prime Minister Narendra Modi’s home state of Gujarat, three exit polls showed on Monday, cementing the party’s fortunes ahead of national elections due in 2024. The western industrial state is a bastion of the Hindu-nationalist BJP, which …
India PM Modi’s home state Gujarat set to vote his party into power – exit polls Read More »
By Tanvi Mehta NEW DELHI (Reuters) -India’s capital, New Delhi, was engulfed in thick smog early on Monday as cooler weather exacerbated pollution, even though government data showed that crop residue burning in neighbouring states had dropped significantly. Residents of New Delhi and its suburbs endure poor air every winter as colder, heavier air traps …
India’s capital blanketed in smog despite drop in stubble burning Read More »
By Rajendra Jadhav SOLAPUR/KOLHAPUR/LATUR, India (Reuters) – India’s sugar output is likely to fall 7% this year as erratic weather conditions have cut cane yields, which could dampen exports from the world’s biggest producer of the sweetener, farmers, millers and traders said. Lower sugar exports from India, also the world’s second biggest exporter, could lift …
India’s sugar output set to drop 7%, could crimp exports Read More »
NEW DELHI (Reuters) – A panel of Indian state finance ministers has yet to submit its report on taxation of the booming online gaming sector that is crucial to a final decision on how the levies should be imposed, a senior government official said on Monday. The panel has for weeks been deliberating how it …
India tax panel may not reach consensus on taxing online gaming – source Read More »
NEW DELHI (Reuters) -India gave a list of Indian products to Moscow for access to Russian markets, Foreign Minister Subrahmanyam Jaishankar said on Monday, as his country seeks to narrow a growing trade deficit with Russia at a time when Moscow faces acute shortages of some crucial materials following Western sanctions. Reuters reported last week …
India shared a list of products with Moscow for access to Russian market – minister Read More »
By Anushka Trivedi and Dharamraj Dhutia MUMBAI (Reuters) – The Indian rupee is expected to stay on the weaker side of 81 per dollar, while bond yields will remain rangebound until the Reserve Bank of India’s (RBI) monetary policy decision on Wednesday when yet another interest rate hike is widely expected. The rupee ended up …
Rupee to hover near 81/USD, bond yields await RBI decision Read More »
By Amlan Chakraborty NEW DELHI (Reuters) – Twenty20 cricket has brought much-needed financial security for players and while there are concerns it may divert attention and resources away from tests and ODIs former India batsman Virender Sehwag sees no reason why all three formats cannot co-exist. The success of the Indian Premier League (IPL) has …
Cricket-Plenty of room for all three formats to flourish, says Sehwag Read More »
BENGALURU (Reuters) – Maruti Suzuki India Ltd, the country’s top carmaker, said on Friday it expected a shortage of electronic components to impact its production in December more than in recent months. The company’s production in November, which also saw a “minor impact” due to the shortage, rose 5% year-on-year to 152,786 units, but was …
India’s Maruti says chip shortage to cause bigger hit to Dec production Read More »
(Reuters) – Pakistan Cricket Board Chairman Ramiz Raja said on Friday that he saw no reason for India and Pakistan not to host each other in Test and white-ball games. Bilateral cricket between the archrivals remains suspended, thanks to their soured political relation, and emotions run high on both sides of the border whenever they …
