Category: NEWS CATEGORIES

India’s economy is expected to grow by 8-8.5 per cent in the fiscal beginning April 1 and is well placed to meet the future challenges on the back of widespread vaccine coverage, supply-side reforms and easing of regulations, said the pre-Budget Economic Survey on Monday The Economic Survey 2021-22, tabled by Finance Minister Nirmala Sitharaman in Parliament, expects the economy to grow by 9.2 per cent during the current financial year, indicating a recovery to the pre-pandemic level. The economy had contracted by 7.3 per cent in 2020-21 on account…

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The rupee declined 7 paise to 74.67 against the US dollar in opening trade on Tuesday weighed down by the strength of the American currency and muted domestic equities. Forex traders said geopolitical tensions, sustained foreign fund outflows and elevated crude oil prices also dragged down the local unit. Further, investors will also await the outcome of the US Federal Reserve meeting this week. At the interbank foreign exchange, the rupee opened flat at 74.60 against the US dollar, then slipped further to 74.67, registering a decline of 7 paise…

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The rupee declined 9 paise to 74.52 against the US dollar in opening trade on Monday, as muted domestic equities and elevated crude oil prices weighed on investor sentiments. Forex traders said the Indian rupee is trading in a narrow range ahead of the US Federal Reserve meeting later this week. At the interbank foreign exchange, the rupee opened weak at 74.43 against the US dollar, then slipped further to 74.52 against the greenback, registering a decline of 5 paise from the last close. On Friday, the rupee had settled…

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