The Indian Rupee holds steady in Wednesday’s Asian session. Outflows from local equities and the widening of India’s November merchandise trade deficit could weigh on the INR. The Fed interest rate decision will take center stage on Wednesday. The Indian Rupee (INR) trades on a flat note on Wednesday after reaching a new record low…
December 13, 2024December 13, 2024 According to RBI data, India’s foreign exchange reserves fell by $3.23 billion to $654.86 billion for the week ending 6th December 2024. India’s forex reserves dropped by $3.23 billion to $654.86 billion, down from $658.09 billion the previous week. The…
December 5, 2024December 5, 2024 According to provisional government data, India’s finished steel imports from China hit a record high in the first seven months of the current financial year, raising concerns among small Indian steel producers. India imported 1.7 million metric tons of finished steel from China during…
The Indian Rupee extends its downside in Tuesday’s Asian session. Trump’s tariff threat, foreign fund outflows, and a stronger USD weigh on the INR. The US October JOLTs Job Openings will be released on Tuesday. The Indian Rupee (INR) remains under pressure on Tuesday after depreciating to a fresh all-time low in the previous session….
November 29, 2024November 29, 2024 India was re-elected to the UN Peacebuilding Commission for the 2025-2026 term, reinforcing its commitment to global peace efforts. India was re-elected to the UN Peacebuilding Commission (PBC) for the 2025-2026 term, as announced by the Permanent Mission of India on X. The PBC,…
Bilateral trade between India and Russia has reached a record USD 66 billion in 2024, marking a significant increase over the past five years, according to a senior Russian diplomat. India and Russia aim to achieve USD 100 billion in bilateral trade by 2030. Recent dialogues have focused on diversifying trade and increasing investments in…
November 22, 2024November 22, 2024 India’s business activity saw its fastest growth in three months in November, driven by a strong services sector and record job creation, despite a surge in output inflation to a near 12-year high. India’s business activity grew at its fastest pace in three months…
November 20, 2024November 20, 2024 The government stated on Wednesday that the UDAN scheme has revolutionised the civil aviation sector by boosting regional connectivity and making air travel accessible to millions. On 17 November, the domestic aviation industry achieved a significant milestone as 5,05,412 passengers flew on a single…
November 19, 2024November 19, 2024 Prime Minister of the United Kingdom (UK), Keir Starmer, will resume free trade agreement talks between India and the UK by next year. “A new trade deal with India will support jobs and prosperity in the UK, and represent a step forward in our…
November 15, 2024November 15, 2024 John T. Chambers, ex-Cisco chairman, predicts India will soon become the top global economy, highlighting its AI, defence, and job-creation potential at the CNBC-TV18 Global Leadership Summit. John Chambers predicts India will become the world’s top and fastest-growing economy, driven by its 1.4 billion…