The local currency was down more than 60 paise on March 4
The report is based on an online survey among 2,006 employees from across sectors in the country during May 12 to June 6.
China’s Taiwan Affairs Office stated it will not tolerate Taiwan’s "separatist" forces and reiterated its commitment to defending sovereignty and peace in the Taiwan Strait. Taiwan's defense ministry reported increased Chinese military activity, including 53 aircraft near the island. The Taiwanese presidential office condemned these actions as a "blatant disruption" of regional security and stability. China has not confirmed military exercises but is deploying its largest naval fleet in nearly 30 years, signaling heightened tensions. Beijing’s actions are partly in response to President Lai Ching-te’s recent Pacific tour, which included stops in Hawaii and Guam, angering China’s government.
Hyundai India sold a total of 1,91,939 units of Passenger Vehicles (PVs) during Q2, out of which export volumes stood at 42,300 units. The automaker had sold a total of 2,09,777 units in the year-ago period
Only around 20 percent of the respondents point to geopolitical tensions as the main factor weighing on the market.
The World Trade Organisation (WTO), however, lowered the trade growth projection for 2024 to 2.6 per cent.
In its Monthly Economic Review report for January, the finance ministry also said that the outlook for "reasonably low" inflation is "good" given the fall in core inflation and moderation in food prices.
Chairman and Managing Director G. Krishnakumar said weak demand in major economies and geopolitical issues ranging from ongoing war between Russia- Ukraine and crisis in the Middle-East would lead to volatility in crude prices.
On the growth outlook for 2024, Kim maintained that it is very optimistic for this calendar year but added that he could not predict the future due to the geopolitical tensions in the Middle East and war between Russia and Ukraine.
Asian stocks rose on Monday as investors greeted news of Egyptian President Hosni Mubarak's resignation with relief, while US crude steadied near USD 85.50 per barrel after falling to 10-week lows as geopolitical tensions eased for now.