The rupee plunged below the 67-mark to close at a 15-month low of 67.13 against the US dollar as crude oil prices zoomed past the $75 per barrel level and demand for the dollar surged.

posted by Jawwad Kazi 8th May 2018

The Reserve Bank of India (RBI) said Foreign Portfolio Investors (FPIs) will be allowed to invest in treasury bills issued by the government in a move that could lead to more foreign portfolio investment in India.

posted by Jawwad Kazi 7th May 2018

Among foreign countries, the maximum investment proposals in critical sectors like telecom and defence that was cleared by the Home Ministry in 2017, were from China, United Kingdom, U.S. and Mauritius.

posted by Jawwad Kazi 5th May 2018

Following a normal monsoon and the government’s efforts to raise rural incomes, the demand for gold in India, one of the world’s largest consumers, is expected to improve following a normal monsoon and the government’s efforts to raise rural incomes.

posted by Jawwad Kazi 4th May 2018

Cabinet approves accession to the Protocol under WHO Framework Convention on tobacco control to eliminate illicit trade in tobacco products

posted by Jawwad Kazi 3rd May 2018