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By Arsh Tushar Mogre BENGALURU (Reuters) – India’s rupee will trade near its historic low in the coming three months, despite a recent recovery, based on a widening trade deficit and global flows into safe-haven U.S. dollars, a Reuters poll of foreign exchange strategists found. After a month of trading near a nadir of 80.065 …

Indian rupee set to trade near historic low in coming three months – Reuters Poll Read More »

By Aditi Shah and Tanvi Mehta BENGALURU (Reuters) – India’s biggest airline IndiGo said on Wednesday the wait for new planes was limiting its growth during a strong pick-up in demand for air travel as pandemic restrictions are lifted. “I wish we had more aircraft,” outgoing Chief Executive Ronojoy Dutta told analysts after the company …

India’s top airline says wait for new planes limiting growth Read More »

By Aftab Ahmed NEW DELHI (Reuters) – India expects bilateral trade worth $8-9 billion with Russia and Sri Lanka in the next two months after it allowed international trade in rupees, India’s trade secretary said. The Reserve Bank of India last month allowed importers and exporters to pay in the partially convertible rupee, a move …

India expects $8-$9 billion in trade with Russia and Sri Lanka in two months Read More »

By M. Sriram MUMBAI (Reuters) -An Indian government agency has accused Chinese-owned Vivo Mobile of evading taxes worth 22.1 billion Indian rupees ($280 million), it said in a statement. The tax evasion allegation is India’s second this week against a Chinese phone-maker. India’s Directorate of Revenue Intelligence (DRI) detected customs duty evasion, following which it …

Indian agency accuses Vivo of $280 million tax evasion Read More »

(Reuters) – India captain Rohit Sharma is optimistic he will be fit for Saturday’s fourth Twenty20 International against West Indies after suffering a back spasm in their seven-wicket victory in Basseterre on Tuesday. Rohit retired hurt on 11 in the second over of the Indian innings after experiencing discomfort. India still chased down the victory …

Cricket-India captain Rohit hopes to be fit for fourth T20 Read More »

By Rama Venkat BENGALURU (Reuters) -Indian shares shed early gains on Wednesday, with losses across the board as investors took profits in the backdrop of a broader risk-averse sentiment spawned by rising U.S.-China tensions. Investors are awaiting the outcome of Reserve Bank of India’s (RBI) monetary policy meeting expected later this week, with the three-day …

Indian shares retreat on broader risk-off sentiment Read More »

MUMBAI (Reuters) – India’s trade deficit is likely to remain above $20 billion for an extended period, posing the risk of a wider current account deficit, Barclays said. “While we still expect the trade deficit to hit US$265 billion, the risks are skewed towards an even larger deficit, which poses risks to our forecast for …

India’s trade deficit to remain above $20 billion – Barclays Read More »

By Shaloo Shrivastava BENGALURU (Reuters) – Growth in India’s dominant services industry slowed sharply in July, squeezed by high inflationary pressures and weaker demand, leading to a further fall in business expectations, a private survey showed. The S&P Global India Services Purchasing Managers’ Index sank to 55.5 in July from 59.2 in June, its lowest …

India’s July services growth slips to 4-month low as inflation stays high Read More »

MUMBAI (Reuters) – Indian government bond yields rose on Wednesday after a nine-session slide, tracking a spike in U.S. Treasury yields, with market participants now awaiting the Reserve Bank of India’s monetary policy decision on Friday. India’s 10-year benchmark bond yield was at 7.2294%, as of 0420 GMT, after rising to 7.2526% in early trade. …

Indian bond yields track U.S. peers higher, up after 9-session slide Read More »