INSUBCONTINENT EXCLUSIVE:
The rupee traded in a range of 68.57-68.71 during Wednesday's session before settling at 68.63Extending its recovery against the US dollar
Weakness in the dollar against a basket of currencies, amid prevailing fears of a trade war between the world's two largest economies,
helped the rupee register some more recovery against the greenback, say analysts
The rupee had advanced sharply to 68.57 against the American currency earlier in the session however it could not sustain those levels.Here
remained well supported by tightening supply, in view of declining US crude inventories and introduction of fresh US sanctions against
Tuesday announced another round of tariffs on Chinese products
China said it was retaliating against US tariffs by slapping additional import duties of 25 per cent on $16 billion worth of US goods,
including oil and diesel.4
The International Monetary Fund (IMF) said India's economic growth is expected to rise to 7.3 per cent in FY19 and 7.5 per cent in FY20, on
The Reserve Bank of India - which follows a July-June financial year - said it has decided to pay a dividend of Rs
50,000 crore to the government for the year ending June 30, 2018.
