The Indian rupee experienced significant volatility in June, largely driven by the impact of elections, Foreign Portfolio Investor (FPI) outflows, and a rise in oil prices, which collectively strengthened the US dollar against the rupee, according to a report by Bank of Baroda.
Sushanta Chowdhury made the remarks during the launch of the paddy procurement drive at Jolaibari in South Tripura district on Saturday and said that this year's target stands at 15,000 metric tons.
The price of petrol has surged by Rs 3, bringing the cost per litre in Bengaluru to Rs 102.84, up from the previous rate of Rs 99.84. Similarly, the price of diesel has increased by Rs 3.02, raising the cost per litre from Rs 85.93 to Rs 88.95.
BJP leader BY Vijayendra lambasted the Congress government's decision, stating, "The Karnataka Congress government has been talking a lot about guarantee schemes. However, the situation of the state is such that there is not enough money to run the state. BJP demands the CM roll back the dec
The BJP had won nine of the 29 seats it fought for, while its 'Mahayuti' ally, Ajit Pawar's NCP, bagged only one of the four seats it was allotted in the recently concluded parliamentary election.
While retaining its position as the fastest-growing large economy, India's real gross domestic product (GDP) growth will moderate to 6.8 per cent in fiscal 2025 from 8.2 per cent in fiscal 2024, CRISIL observed in its recent report, citing high interest rates and lower fiscal impulse.
Wholesale food prices have skyrocketed month-on-month in May, with official data showing that the Whole Price Index for food rising from 5.52 per cent in April to 7.40 per cent in May.
India and France are carrying out negotiations for the price and other related issues for the all-important 26 Rafale Marine fighter aircraft deal for the Indian Navy.
Wholesale inflation in India, based on the Wholesale Price Index, came in at 2.61 per cent in May versus 1.26 reported in April, official data from the commerce ministry showed on Friday.