Tag: Indian Economy
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Rupee slides to new low, hits 91.28 per dollar in early trade amid broad dollar strength
Rupee slides to a new low against the US dollar The Indian rupee extended its downward trajectory in early trading, slipping 31 paise to 91.28 per dollar. This marks another fresh low for the currency, continuing a stretch of weakness that has kept the exchange rate in the spotlight for traders, policymakers, and businesses alike.…
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Rupee Sinks to 91.28 Against USD in Early Trade Amid Broad Dollar Demand
Rupee Falls to New Lows in Early Trade The Indian rupee extended its depreciation streak, slipping 31 paise in early trade to reach 91.28 against the US dollar. The move marks another fresh low for the local currency, underscoring ongoing pressure from a firm dollar and global risk-off sentiment that has weighed on emerging market…
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Reliance Industries Denies Reports of Russian Crude Vessels Heading to Jamnagar
RIL dismisses claims of inbound Russian crude shipments Reliance Industries Limited (RIL) has rejected circulating reports that three vessels carrying Russian crude oil are en route to its Jamnagar refinery. In a post on the social media platform X, the conglomerate described the claims as “blatantly untrue” and said there was no truth to the…
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Rupee in for a Tough Week as Venezuela Crisis Heats Up U.S. Action Looms
Overview: A Week of Turbulence for the Rupee The Indian rupee is expected to contend with renewed volatility this week as the geopolitical standoff surrounding Venezuela deepens and signs point to possible further U.S. action. Traders and analysts say the combination of uncertain oil supply dynamics from Venezuela and shifting U.S. policy could keep the…
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Air India and Tata: Is It Becoming an Achilles Heel
Has Air India become Tata’s Achilles Heel? The 2022 acquisition of Air India by the Tata Group was hailed as a landmark reset for Indian aviation. The price, industry optimism, and the consolidation of a long-struggling state carrier with one of India’s most respected private groups created anticipation of a brighter, more efficient era for…
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Repair Strained Ties with India: 19 U.S. Lawmakers Urge Trump
US Lawmakers Call for Immediate Reset of India Ties A coalition of 19 Members of Congress is urging President Donald Trump to take swift steps to repair what they describe as a strained relationship between the United States and India. Led by Congresswoman Deborah Ross and Congressman Ro Khanna, the group argues that the recent…
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Tata Group Infighting: Trustees Meet Ministers to Resolve Governance Disputes
Rising Tensions Within Tata Trusts The Tata Group, India’s most valuable business conglomerate, is facing a rare public flashpoint as infighting within its governing body—Tata Trusts—takes center stage. Reports indicate a split among trustees over governance and board appointments at Tata Sons, the group’s promoter and holding company. With Tata Trusts owning about 66% of…
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LPG Cylinder Price Hike Hits Businesses This Festival Season
Festival-season LPG price revisions and who they affect In a move that mirrors global crude trends, public sector oil marketing companies (OMCs) in India hiked the price of commercial LPG cylinders (19 kg) during the festival season. The latest revision raised the consumer price by ₹15-15.5, lifting the Kerala average to around ₹1,623.5 in Thiruvananthapuram,…
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RBI Deputy Governor Appointment: Shirish Chandra Murmu Named Deputy Governor
RBI Deputy Governor Appointment: Shirish Chandra Murmu Named Deputy Governor In a move that underscores the government’s ongoing leadership transition at India’s central bank, the Union Cabinet’s Appointments Committee approved the nomination of Shirish Chandra Murmu as Deputy Governor of the Reserve Bank of India (RBI). Murmu is set to assume the post for a…
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Shirish Chandr Murmu Appointed RBI Deputy Governor
Shirish Chandr Murmu Appointed RBI Deputy Governor In a development that shapes India’s central banking landscape, the government announced the appointment of Shirish Chandr Murmu as the Deputy Governor of the Reserve Bank of India. The decision, taken after due process by the Appointments Committee of the Cabinet (ACC), grants Murmu a fixed term of…