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Any change in the status quo resulting from Nancy Pelosi’s visit can sabotage the existing India-Taiwan bilateral agreements and Free Trade Area negotiations which began in 2021
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At the interbank foreign exchange market, the local currency opened lower at 78.70 and fell further to settle at the day’s low of 79.21.
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For April-July as a whole, the merchandise trade deficit now stands at $100.01 billion, sharply up from $42.07 billion for the first four months of FY22.
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US retail giant WalMart's profit warning signals a mounting threat to retail businesses as inflation and a slowdown hurt growth in key markets
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The Chinese Internet is condemning Sri Lanka and accusing it of taking advantage of China. Why is the Chinese strategic community furious at Sri Lanka?
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Prime Minister Narendra Modi to inaugurate India's first bullion exchange at Gujarat's GIFT City on July 29.
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The success of India’s G20 presidency will depend on how deftly Prime Minister Narendra Modi can bridge the divides, peace the conflicts, and rebuild damaged supply chains
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Shares of Bharti Airtel gained 0.83 per cent to settle at Rs 683.80 apiece on the BSE. During the day, it climbed 1 per cent to Rs 685.10.
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On the Multi Commodity Exchange, zinc contracts for July delivery traded higher by Rs 1.30 or 0.47 per cent at Rs 278.50 per kg with a business turnover of 556 lots.
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The remarks come amid reports that exporters of pulses want a cash subsidy to boost exports
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Participating in multiple regional blocs can help New Delhi pursue sustainable development provided it can balance its interests across such initiatives
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Beyond smoothening trade with Russia and a few other countries in the near term, the long-term impact of trade settlement in rupee is hazy for now
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Benchmark indices ended lower for the second consecutive day with Nifty below 16,100. At close, Sensex was down 509 points, and Nifty was down 158 points. Except power, all other sectoral indices ended in the red. BSE midcap and smallcap indices shed 0.5 percent each.
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At the interbank foreign exchange market, the local currency opened weak at 79.20 and touched a high of 79.20 and a low of 79.32. It finally ended at 79.26, down 13 paise over its previous close of 79.13.
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The U.S. Dollar Index, which measures the value of American money against six major foreign currencies, has jumped nearly 12 percent this year to a two-decade high. The euro is now worth just under $1.02.
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A sustainable downward correction in oil prices would be crucial in curbing the overall trade deficit, as everything else being equal, for every $1 increase in the price of crude oil, India’s trade deficit goes up by nearly $1 billion
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At the interbank forex market, the local unit opened at 79.29 against the greenback and witnessed an intra-day high of 79.24 and a low of 79.37.
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This is in line with the online platform, SCORES, launched by the capital markets regulator in June 2011 to help investors lodge their complaints, pertaining to the securities market, against listed companies and SEBI-registered intermediaries.
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In the previous reporting week, the overall reserves had declined by USD 5.87 billion to USD 590.588 billion.
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Sharp increase in crude oil stoked concerns over a widening current account deficit and inflation. So far this year, FIIs have sold around $28 billion in equities
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Confirming that both sides are now getting on with the market access aspects of a trade deal, the minister in-charge of the negotiations on the UK government side said that some compromise and cooperation will be required on both sides to get a deal over the line.
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India ships both Robusta and Arabica varieties, besides instant coffee.
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India banned wheat exports in May because of lower domestic production, but made allowances for countries like Egypt with food security needs.
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Ever since the Russian invasion of Ukraine and the subsequent barrage of sanctions on Moscow by the West, trade between India and Russia has depended on routing transactions through smaller Russian banks which are as yet untouched by sanctions.
