trade

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.

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

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

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.

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