After declining for days, on August 26, the rupee gained 6 paise to 79.86 against US Dollar. As per the early market trend, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.05% to 108.51. Furthermore, BSE Sensex was trading 471.65 points or 0.80 per cent up at 59,246.37. Similarly, the broader NSE Nifty rose 139.50 points or 0.80 per cent to 17,661.95.
Courtesy: The Free Press Journal
In early trade, the rupee fell by 23 paise against US Dollar at Rs 79.68, on August 18. Moreover, the dollar index, which gauges the greenback's strength against six currencies, rose 0.06% to 106.64, whereas, the global oil benchmark Brent crude advanced 0.14% to USD 93.78 per barrel. Meanwhile, the 30-share Sensex was trading 229.29 points at 60,030.84, the broader NSE-Nifty was down 61.15 points to 17,883.10.
Courtesy: The Free Press Journal
The US Food and Drug Administration has issued warning letters to Amazon, Ariella Naturals, and Justified Laboratories, the country's three largest internet retailers. Online sales presently account for 14.2 percent of India's $5.70 billion over-the-counter drugs sector. The online platforms, which include international conglomerates and domestic enterprises, sell a broad range of such items, ranging from cosmetic care products to supplements… read-more
Courtesy: Free Press Journal
After a gain, the rupee fell by 4 paise, against US Dollar, in early trade. Currently, the rupee fall opened at Rs 79.66, weighing tension on investors. Furthermore, the dollar index increased 0.26% to 105.36. Moreover, on the equity market front, Sensex was trading 130.18 points at 59,462.78, while the NSE Nifty was up 39.15 points or 0.22% to 17,698.15 points.
Courtesy: Press Trust of India
PM Modi & Russian President Vladimir Putin Have Telephonic Conversation, Discuss 'Global Energy & Food Markets'
PM Modi and Russian President Vladimir Putin, over a telephonic conversation, reviewed the implementation of decisions made during Putin's visit to India in December, 2021 for the annual bilateral summit. The two leaders discussed the state of global energy and food markets. They also discussed ways to encourage bilateral trade in agriculture goods, pharmaceutical products and fertilizers. This was the fourth telephonic conversation between… read-more
Courtesy: Hindustan Times
Bilawal Bhutto-Zardari, Pakistan's Foreign Minister, emphasised that Pakistan intends to engage in trade with India. He blamed the former policies and government for driving the country to being "internationally isolated and internationally disengaged". The relationship between India and Pakistan worsened in 2019 after the revocation of Article 370 in J&K, and Bilwal believes that with engagement of trade, a unity can be established.
In early trade on May 24, the rupee began flat versus the US dollar, pressured down by continued foreign money outflows and rising crude oil prices. The rupee opened at 77.56 relative to the dollar on the interbank foreign exchange market. The Rupee gained 18 paise versus the US dollar on May 23, closing at 77.52. On May 24, the share market started in green.
Courtesy: India Today
India is eyeing a deeper discount on Russian oil. The country is reportedly seeking Russian cargoes at less than 70 US dollars per barrel. This could make up for additional obstacles, like securing financing for purchases. India imports around 85% of its oil. India is among the few nations that still purchases crude oil from Russia, which is a significant source of revenue for the Russian regime.
The current situation of Afghanistan, Connectivity, and trade will be the agenda of the India-Central Asia Summit, on January 27. The virtual summit is being held after the leaders of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan were unable to attend India’s Republic Day celebrations, amid the Covid-19 surge. The meeting indicates the importance attached by all six countries to a comprehensive and enduring partnership, The… read-more
Courtesy: One India
The domestic currency gained in Asian markets against the greenback. The Indian rupee gained 6 paise to open at 73.02 against the dollar, reflecting a bullish trend in local stocks and sustained foreign capital inflows on September 2. The domestic unit opened at 73.04, rose to 73.02 by gaining 6 paise over its previous closing. The rupee also hit a low of 73.10 during the early trade.
Courtesy: Deccan Herald