IOC sets up new unit for treasury operations
India’s top refiner Indian Oil Corp has set up a subsidiary to pool the funds of its overseas units in order to meet capital and […]
Day: September 29, 2022
Govt hikes interest rates on some small savings schemes
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate […]
Current account deficit widens to 2.8% of GDP in Q1 of FY23: RBI
India’s current account deficit, a key indicator of the balance of payment position, widened to 2.8 per cent of GDP at $23.9 billion in the […]
India a star among emerging market economies with 7.3% growth: S&P
In a report, S&P said global macro performance over the next few quarters points towards growth slowdown with tightening financial conditions amid rate hikes by […]
India heads for its third half-point hike as rupee slumps
The Reserve Bank of India’s six-member monetary policy committee will raise its repurchase rate by 50 basis points to 5.9%, according to 24 of 35 […]
Indian companies are still buying Russian oil using dollars
Indian companies are still buying Russian oil using dollars after Dubai’s Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams […]
Rupee nears 82/$, sensex slides for sixth day in row
Continuing to weaken against the dollar, the rupee closed at a new life low of 81.94 against the US currency after nearing the 82-level in […]