India’s gold imports are anticipated to nosedive by more than 90 per cent in March, reaching their lowest point since the COVID-19 pandemic outbreak, according to a government official and two bank dealers cited by Reuters. The drop comes as banks curtailed imports following a surge in prices, which dampened demand for the precious metal, […]
The Indian rupee ended slightly stronger on Thursday, aided by dollar inflows, even as most of its Asian peers were on the back foot as investors moderated their expectations of early US rate cuts this year. The rupee ended at 83.23 against the US dollar, higher by 0.05 per cent compared with its close at […]
The Indian rupee rose on Monday, but higher near-maturity US Treasury yields were expected to limit the upside for the currency. The rupee was at 82.61 against the US dollar by 10:35 a.m. IST, compared with 82.6475 in the previous session. The domestic currency reached an intraday high of 82.5325. The two-year US Treasury yield […]
Amid the ongoing concerns of global economic slowdown and a possible recession in the United States (US), the Bank of Baroda in a report on Saturday has said that a weaker rupee will improve India’s export competitiveness. According to government data, India’s exports reportedly contracted by 15.88 per cent to USD 32.25 billion in July […]
