New Delhi,  As economists have predicted that India's current account deficit (CAD) is likely to reach the level of 3 per cent of the GDP in the current financial year and is unlikely to come down in the near future, the government seems to be cautiously optimistic about reining it within tolerable standards.

Mumbai,  The Indian rupee, which was falling since the start of calendar year 2022 and touched lifetime lows multiple times, was defended by the Reserve Bank of India (RBI) multiple times in a prudent manner by spending the country's forex reserves.

"The erosion in the forex reserves amid the ce

New Delhi, India's double-digit annualised growth is impressive prima facie, but the actual print is around 2 per cent lower than market expectations and is also accompanied by weak sequential momentum, Acuite Ratings said in a report.

Acuite acknowledges growing downside risks to its existing FY23 GDP growth

Chennai,  While the Indian rupee has fallen against the US dollar, it has plunged less than most other currencies, said a top official of Mecklai Financial Service Private Ltd.

He also gave the Reserve Bank of India (RBI) high marks for using its reserves to stem the rupee's fall.

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Mumbai,  Jateen Trivedi, VP Research Analyst at LKP Securities, has said that 81.50 can be the lowest point for rupee as the dollar index trend has been bullish.

In the last three months, the dollar has been moving higher from $102 to $110 and the rupee falling from 78.00 to 80.00. If it continues the bu

New Delhi,  The dollar index is at a two-decade high, reflecting the ongoing interest rate hikes by US Fed and the continuing geo-political risks.

Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said: "Along with the expanded trade and current account deficit, such an envir

New Delhi,  Indigenous crafts and products manufactured at a district level in Uttar Pradesh under the flagship 'One District One Product' (ODOP) scheme have generated huge demands even outside the country in the past few years.

Government data said that the total value of exports of ODOP product

San Francisco,  Intel has kicked off work on the new $20 billion semiconductor plant in the Ohio state in US, as President Joe Biden joined the chip-maker and Ohio Governor Mike DeWine to celebrate breaking ground in the "Silicon Heartland" on the world's most advanced chipmaking facilities.

Chennai,  The Tamil Nadu Electricity Regulatory Commission (TNERC) has revised the tariff rates with effect from Saturday despite stiff opposition from several sectors.

The commission has also approved a 6 per cent increase in tariff rates every July.

According to the revised tariff, the p

Chandigarh,  Punjab Revenue Minister Bram Shanker Jimpa has written to Union Road Transport and Highways Minister Nitin Gadkari, making a case for repair of the Jalandhar-Hoshiarpur-Dharamsala national highway linking the state with Himachal Pradesh.

He said it is an important road connecting the two sta