A review of the data shows that ECB funds during the month were primarily utilised for import of capital goods, new project execution, modernisation of facilities, and on-lending by financial institutions. Manufacturing, financial services, infrastructure and transportation sectors accoun
India's external position among Asian peers improves following the interim trade framework announced between India and the United States, with exports expected to rebound and dollar inflows likely to strengthen, according to a report by JM Financial.
India's former G20 Sherpa and ex-NITI Aayog CEO Amitabh Kant on Saturday said that India will gain a competitive edge over countries like Vietnam and Bangladesh, while protecting its agriculture and dairy sectors, after the announcement of the framework of the India-US trade agreement.
AIMIM Chief Asaduddin Owaisi lashed out at Assam Chief Minister Himanta Biswa Sarma over his "Miya Muslims" remarks, mocking the latter by offering him "two rupees."
"During polls, our Ponnam Prabhakar said that the BJP gave "donkey's egg" (sarcastically) to the state. Today, the BJP National President, while coming to Telangana, has brought a "donkey's egg" but not a single rupee," Reddy said.
Indian rupee is expected to depreciate by around 2 per cent to the 92 level against the US dollar by the end of 2026, despite the short -term relief rally following the announcement of the US-India trade deal on January 3, according to a report by UBS.
The Indian Rupee is likely to find support in the near to medium term from improving trade prospects with the US after the reduction in tariffs and a possible shift of portfolio flows towards India, according to Trinh Nguyen, Senior Economist for Emerging Markets at Natixis based in Hong
Targeting the BJP and Prime Minister Narendra Modi, Owaisi further said that while the government talks about building a developed India, becoming the world's third-largest economy, and emerging as a global superpower, it hesitates to pay "one rupee" to an autorickshaw driver.
Terming it the "era of India", Larry Fink, Chairman and CEO of BlackRock, on Wednesday lauded the Narendra Modi government for digitising the rupee and transforming commerce across the country, saying he is worried that other nations, including the United States, are falling behind.
Nguyen attributed the change partly to expectations that the India-US trade deal will boost India's export income, providing a stronger underlying flow of foreign exchange.
At the time of closing, Sensex was at 83,739.75, up by 2072 points or 2.5 per cent, while Nifty was at 25,727, up by 639 points or 2.5 per cent. In terms of sectors, all the major indices traded in the green.
India's Chief Economic Adviser V. Anantha Nageswaran on Tuesday said that boosting the manufacturing sector is crucial for strengthening the rupee over the medium term and for bringing down the cost of capital in a meaningful manner. He noted that countries with strong and stable currencies