Where is rupee headed in near term? After suffering multiple lows over the year, rupee may now see some stability against the US dollar. The currency is likely to remain in the Rs 94.5-96 per dollar range in the near term, despite sizeable dollar inflows through FCNR deposits and external commercial borrowings (ECBs), according to…
FIIs unlikely to return in large numbers without new growth engines in India: Bernstein Foreign investors may continue to remain cautious on Indian stocks even after the artificial intelligence (AI) trade peaks, brokerage Bernstein said. It said foreign investors are unlikely to return in large numbers unless India is able to build industries and companies…
Crude prices climbed as prolonged Iran tensions and disrupted Strait of Hormuz flows heightened concerns over Middle East oil supplies and refined-fuel availability. Oil prices fell over 2% as markets weighed growing hopes of a US-Iran truce against fresh concerns over oil supplies from Saudi Arabia. Talk of a possible US ban on diesel exports…
New Delhi: Most urban travellers opt for hotels, guesthouses or house rentals for their stay for an overnight domestic trip, while dharamshalas remain the top place of stay for those from rural India.A part of the reason may have to do with the fact that over three-fourths of Indians who travelled in the past year…
NEW DELHI: Tata Motors is absorbing a substantial share of rising input costs as price increases and savings fail to fully offset the pressure, even as it expands its compact sedan offering for family buyers.Commodity inflation over past five-to-six months had created uncertainty over costs and margins, said Shailesh Chandra, managing director, Tata Motors Passenger…
Forex reserves decline by $15bn MUMBAI: India’s foreign exchange reserves fell by $14.9 billion to $765.9 billion in the week ended Sept 18, according to the RBI’s weekly statistical data. The decline was driven mainly by a fall in foreign currency assets (FCA), the largest component of the reserves. FCA fell by $14.8 billion to…
NEW DELHI: Govt will raise nearly Rs 7.9 lakh crore from securities in the second half of this fiscal year, reducing the total borrowing for the current financial year by Rs 1,20,494 crore despite global headwinds.The reduction in total borrowing indicates govt’s commitment to fiscal prudence.A senior finance ministry official said the reduction is mainly…
BENGALURU: The festive bonus is no longer always one big cheque at the end of a busy month. For workers packing orders, staffing stores or delivering parcels, the extra money can now come through a higher rate on a busy day, an attendance reward after a week, a productivity payout or a bonus for staying…
NEW DELHI: The new model bilateral investment treaty (BIT), which will address concerns of several countries and streamline investment negotiation procedures, while ensuring investor protection is in final stage and is likely to be approved by govt soon. The approval will pave the way for it to be rolled out along with trade agreements, with…
MUMBAI: With the rupee under pressure, the RBI has rolled back an earlier move to give exporters more time to bring in export proceeds from Oct 2026. In Jan, the RBI had allowed exporters 15 months from the date of shipment or invoice to realise and repatriate the proceeds from Oct. The Sept amendment retains…
