Indian Rupee edges lower in Wednesday’s early Asian session. MSCI-driven outflows weigh on the INR, but lower crude oil prices and a weaker US Dollar might cap its downside. Traders will closely monitor the FOMC Minutes, which will be released later on Wednesday. The Indian Rupee (INR) weakens on Wednesday. Foreign outflows worth $900 million…
May 26, 2025May 26, 2025 On 24th May, NITI Aayog CEO BVR Subrahmanyam said India had overtaken Japan to become the world’s fourth-largest economy, citing IMF data. He added that India has a $4 trillion economy, behind only the US, China, and Germany. However, IMF…
According to sources, India is planning to let U.S. firms bid for federal government contracts worth over $50 billion as part of an ongoing trade deal. This follows a recent UK pact where British firms were allowed limited access to Indian contracts on a reciprocal basis. India’s public procurement market is estimated at $700–750 billion…
The Supreme Court of India has issued a scathing critique of the central government’s inertia in regulating cryptocurrencies. India’s apex judicial authority warned that the lack of a legal framework has created an ecosystem ripe for misuse and financial fraud. The Supreme Court, on May 19, 2025, likened unregulated crypto trading to a more sophisticated…
May 7, 2025May 7, 2025 India is expected to oppose the IMF’s $2 billion aid package to Pakistan during the Executive Board meeting on 9th May, 2025, amid rising tensions. The move follows the Pahalgam terror attack, which took 26 lives, and Operation Sindoor, where…
Markets in India and Pakistan painted a starkly divergent picture on Wednesday as military tensions escalated across the Line of Control. While Pakistan’s benchmark KSE-100 index tumbled 6% following India’s overnight tri-services strike on terror hubs in Pakistan and Pakistan-occupied Kashmir, Indian equities shrugged off early jitters to trade in the green. The military strike,…
Indian Rupee may regain its ground due to expected progress on a US-India trade agreement. USD/INR appreciates due to importer hedging demand and potential RBI dollar-buying interventions. The INR struggles due to improved crude oil prices, driven by OPEC+’s decision to ramp up production more quickly. The Indian Rupee (INR) edges lower against the US…
Indian Rupee softens in Wednesday’s Asian trading hours. Heightened tensions between India and Pakistan weigh on the INR. Traders await the US ADP Employment Change, PCE inflation and flash Q1 GDP report later on Wednesday. The Indian Rupee (INR) weakens on Wednesday, pressured by rising geopolitical tensions between India and Pakistan. Many tourist sites in…
India Bank Loan Growth remains unchanged at 11% in March 31 Source link
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