The rupee appreciated 9 paise to shut at 83.30 (provisional) towards the US greenback because the Reserve Financial institution of India on Friday stored the benchmark rate of interest unchanged at 6.5 per cent for the seventh time in a row. Additionally learn:Rupee rises 9 paise to shut at 83.44 towards US greenback Nonetheless, a … Read more
The Reserve Financial institution of India’s transfer to soak up many of the Greenback (USD) flows in a bid to stop a pointy appreciation of the Rupee (INR) has led to a report construct up in foreign exchange reserves, which stood at $642.49 billion as of March 15. Additionally learn:India’s foreign exchange reserves contact 2-year … Read more
Whereas India’s export numbers are encouraging, warning is warranted as a result of rising world tensions and unevenness in world progress, in line with a report by CRISIL Market Intelligence & Analytics (MI&A). What this implies is that sustaining export momentum is not going to be a simple job, opined Crisil’s Dharmakirti Joshi, Chief Economist; Adhish Verma, Senior Economist … Read more