A security guard stands in the lobby of RBI headquarters in Mumbai. Reuters
Sustained foreign inflows along with a slew of upcoming IPOs are expected to strengthen the Indian rupee during the week ahead. Accordingly, these factors are expected to push the rupee beyond its current 52 week high mark.
India’s central bank kept rates steady at record low levels as expected on Friday and said it would maintain support for the economy’s recovery from the pandemic by ensuring ample liquidity
Persistently high retail inflation fanned in part due to supply side disruptions along with seasonal factors led the Reserve Bank of India (RBI) to maintain the key lending rates.
India’s foreign exchange reserves rose by $4.344 billion during the week ended April 9. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the reserves increased to $581.213 billion from $576.869 billion reported for the week ended April 2.
The United States and the European Union have agreed a truce in their near 17-year conflict over aircraft subsidies, suspending for five years one set of Trump-era tariffs which had soured relations between them.
"Not only have we effectively safeguarded the health and wellbeing of citizens and residents, we have also weathered the economic impact of the crisis. Thanks to the vision of our founding fathers, combined with our robust institutions and public services, have enabled us to counter the COVID-19 challenge'
Oil prices reached their highest in more than two years on Tuesday, buoyed by expectations demand will recover rapidly in the second half of 2021.