economy

The rupee Wednesday declined by 24 paise to close at 69.86 against the US currency, weighed down by a strong dollar sentiment and high demand for the greenback from importers.

Rupee slips 23 paise to 69.85 against US dollar on fund outflows Apr 24 2019

The rupee on Wednesday declined 23 paise to 69.85 against the US dollar in early trade due to higher demand for the greenback from importers amid foreign fund outflows.

Oil dips on well supplied markets despite tighter Iran sanctions Apr 24 2019

Oil prices inched lower on Wednesday on signs that global markets remain adequately supplied despite a jump to 2019 highs this week on Washington’s push for tighter sanctions against Iran.

Global warming shrank Indian economy by 31%: Study Apr 23 2019

The study, published in the journal Proceedings of the National Academy of Sciences, showed that growing concentrations of greenhouse gases in Earth's atmosphere since 1960s have enriched cool countries like Norway and Sweden, while dragging down economic growth in warm countries such as India and Nigeria.

Rising oil prices an 'Achilles heel' for Indian economy: Report Apr 23 2019

The surging price of oil is an Achilles heel for the Indian economy, complicating its inflation, current account, fiscal balance and currency outlook, a market report by Singapore's DBS banking group has said.

Rupee drops 32 paise to close at 2-wk low against dollar Apr 22 2019

The rupee Monday plunged by 32 paise to close at a two-week low of 69.67 against the US dollar following a spike in crude oil prices on reports that the US will end waivers on Iranian oil imports.

Oil hits 2019 high on U.S. plan to tighten squeeze on Iran Apr 22 2019

Oil topped $74 a barrel on Monday, the highest since November, as the United States was set to announce a further clampdown on Iranian oil exports, tightening global supplies.

March foreign flows into Asian bonds the highest since January 2018 Apr 22 2019

Foreign inflows into Asian bonds surged in March as lower US yields and hopes for a Sino-US trade deal boosted demand for regional assets.

India hopes US will allow allies to buy some Iranian oil: Source Apr 22 2019

India hopes the US will allow its allies to continue to buy some Iranian oil instead of halting the purchases altogether from May, a source familiar with US-India talks said on Monday.