Mumbai, June 5 (IANS) India's foreign exchange reserves rose by $938 million to $682.321 billion in the week ended May 28, reversing the decline recorded in the previous week, according to data released by the Reserve Bank of India (RBI) on Friday.
New Delhi, June 5 (IANS) The reforms, rewards and resilience seen in the RBI MPC decisions can result in potential capital flows of $40 billion, which can pull back the rupee to 92-93 level against US dollar, an SBI Research report said on Friday, adding that it expects rate pause in RBI’s August policy.
New Delhi, June 5 (IANS) BJP leader Amit Malviya took a dig at Congress leader Rahul Gandhi, citing the high GDP growth figure for the Indian economy released on Friday as a “tsunami” that has “washed away” the Opposition leader’s “latest sinister attempt to malign India.”
New Delhi, June 5 (IANS) The RBI’s repo rate decision reflects the wait-and-watch approach to assess the evolving impact of external developments and their implications for domestic growth and inflation before going for interest rate adjustments, industry leaders and economists said on Friday.
New Delhi, June 5 (IANS) India's GDP growth was estimated at a robust 7.8 per cent in the January-March quarter (Q4) of 2025-26, as result of which the growth rate for the full financial year works out to 7.7 per cent on the back of a strong performance of the agriculture, construction, and services sectors, data released by the Ministry of Statistics on Friday showed.
New Delhi, June 5 (IANS) China strategy of taking up economic projects such as the Belt and Road Initiative (BRI) in developing countries with the objective of extending its geopolitical clout across regions appears to have run into a hurdle when it comes to spreading its influence to Latin America, according to an article in The Diplomat.
New Delhi, June 5 (IANS) State-owned Maharatna company Oil India Limited on Friday announced a fresh discovery of natural gas in its third exploratory well in the Andaman shallow offshore block, marking another significant indication of hydrocarbon presence in the region.
New Delhi, June 5 (IANS) The Reserve Bank of India's (RBI) decision to keep policy repo rate unchanged focuses on preserving financial stability and will keep growth prospects intact in the long term, economists and industry leaders said on Friday.
New Delhi, June 5 (IANS) China’s leadership is moving to tighten oversight of the country’s vast and rapidly expanding gig economy workforce, that has become both economically essential and politically sensitive for the ruling Communist Party, according to a report in the PML Daily.
New Delhi, June 5 (IANS) Contrary to popular beliefs, artificial intelligence could double its electricity consumption by 2030 to about 3 per cent of the world’s power use and produce greenhouse gas emissions equivalent to the United Kingdom, a report has said.
