New Delhi [India], July 21 (ANI): The Indian rupee this week slipped below the psychologically important level of 80 against the US dollar for the first time even as high crude oil prices amid tighter global supplies boosted demands for the American currency.
New Delhi [India], July 16 (ANI): Gold prices in India have been declining in July tracking weak global cues. Investors seemed to have turned towards the US dollar on the possibility of another steep policy rate hike in the upcoming review meeting later this month.
New Delhi [India], July 15 (ANI): India's services sector has witnessed a broad-based recovery in sales revenues in both nominal and real terms during the January-March 2022 quarter 2022, the Ministry of Finance said in its latest Monthly Economic Review report.
New Delhi [India], July 15 (ANI): India's current account deficit, meaning a shortfall between the imports and exports, is expected to deteriorate in 2022-23 if recession concerns do not lead to a sustained and meaningful reduction in the prices of food and energy commodities, the Ministry of Finance said in its latest Monthly Economic Review report.
New Delhi [India], June 20 (ANI): Government revenues have taken a hit following cuts in excise duties on diesel and petrol, posing an upside risk to the budgeted level of gross fiscal deficit, the Department of Economic Affairs said in its Monthly Economic Review for May 2022.