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Indian economy

Gold Surges Due To Festive Demand, Rupee Weakens

New Delhi: Gold prices on Friday rose by Rs. 140 to stand at Rs 31,340 per 10 gram at the Delhi bullion market due to increased buying by local jewellers and global firm trend. On the other hand, the Indian Rupee touched a historic low of…

Sensex, Nifty Fluctuate After Hitting Record Highs

Mumbai: Key benchmark indices including BSE Sensex and Nifty on Thursday lost opening gains after hitting record highs in the midst of weakening Indian Rupee, metal and banking stocks, US-China trade war concerns and mixed global cues.…

Rupee Stronger By 24 Paise Against US Dollar In Early Trade

Mumbai: Continuing its rising streak for the second consecutive day, the Indian Rupee gained 24 paise against the U.S. dollar to stand at Rs. 69.58 in early trade on Tuesday, despite weakness in the greenback against other currencies…

India’s Growth Rate Will Be Above 7.5% This FY: Former CEA

New Delhi: Former Chief Economic Adviser (CEA) Arvind Virmani on Sunday said that India's economic growth seems to be back on the recovery path and the country will witness a 7.5%-plus growth rate this fiscal year. He further stated that…

CPI Inflation To Average 4.4 Percent In 2018-19 FY: Reports

New Delhi: The Retail inflation is likely to average 4.4 per cent this financial year, higher than 3.6 per cent recorded in the previous fiscal year, says a report. Kotak Economic Research has stated that CPI inflation will remain at sub-5…

Indian Rupee At All Time Low, Hits 70 Per Dollar Mark

New Delhi: The Indian rupee on Tuesday tumbled to a record low after hitting the 70-per dollar mark for the first time ever. This comes in the wake of the dwindling value of Turkish Lira and increasing tensions between the USA and Turkey.…

Rupee Hits Record Low Amid US-Turkey Conflict

New Delhi: The Indian Rupee on Monday hit an all-time low at Rs. 69.62 against the US Dollar, amid the deteriorating relationship between Turkey and the USA. The Indian currency was also affected by dwindling value of Turkish Lira which has…

IMF forecasts India’s GDP to grow at 7.3% in current fiscal

New Delhi: The International Monetary Fund says India's GDP is poised to grow by 7.3 per cent in the 2018-19 fiscal and 7.5 per cent in 2019-20 on strengthening of investment and robust private consumption. IMF, in its latest projection,…

IMF Exhorts Government To Strenghten PSB Boards

New Delhi: Expressing worry over the steadily weakening of PSBs, the International Monetary Fund (IMF) has exhorted the Central Government to take steps in order to enhance the efficiency of bank operations and promote disciplined lending…