Page 2084 - Economy & Policy News

New gold policy likely soon

The policy would include the setting up of a gold spot exchange for transparent trading

Myopic gold CEOs get a tongue-lashing from Randgold's Bristow

Similarly, severe damage has been done by high-grading, which shortens the life of a mine by focusing on the best quality ore

Rupee crashes to over 8-month low of 71.81 on foreign fund outflows

Also, the sudden drop in Chinese yuan led to increased volatility in emerging market currencies, including the rupee

Rupee hits fresh 6-month low of 71.71 as economic uncertainty continues

Meanwhile, higher crude oil prices also had its impact on rupee's trading pattern

Rupee cheers GDP, PMI data; up 9 paise to 64.37

The RBI, meanwhile, fixed the reference rate for the dollar at 64.3799 and for the euro at 76.3739

Rupee climbs to 1-wk high of 65.08 on dovish Fed minutes

Consistent selling of dollars by some foreign banks and unwinding of short-term forward contracts by exporters mainly boosted the rupee trade

Rupee slumps 16 paise to near 1-week low amid fears of Fed rate hike

On the energy front, crude prices dropped, hit by rising supplies in the US and expectations that producer group OPEC could relax voluntary output cuts

Reserve Bank may have bought breathing space for rupee as crude cools

The country's foreign-exchange reserves plunged $5.14 bn in the week ended October 12, the biggest drop in seven years

More trouble for rupee? Forecaster ING lowers year-end projection to 76.50

The rupee is highly correlated with oil prices, which are definitely moving higher, and that's going to make the current-account situation more difficult

Tough road ahead for govt as weak rupee pushes fuel prices to record high

Rising fuel costs may fan consumer prices and force the inflation-targeting RBI to add to its two interest rates hikes this year -- a decision that can be both unpopular as well as affect growth

Rupee settles at six-month low of 71.40 over global risk-off sentiment

The rupee's fall, though, was the sharpest in the region, followed by the Indonesian rupiyah, which lost 0.52 per cent

Rupee slides further to end at fresh lifetime low of 70.74 against dollar

A possible US sanction on India, if it goes ahead with buying Russian air defence system, also weighed on the sentiments

Rupee surges to two-year high of 63.8 to the dollar

The rupee rose to as much as 63 per dollar, its strongest level since August 10, 2015

Rupee set to shed gains, weaken to 65 if dollar revives: Reuters poll

Chinese yuan is forecast to weaken to 6.90 per dollar a year

India may be looking at a dry spell for FTAs if RCEP falls through: Experts

Talks with major economies like the EU and US, among others, on trade and investment deals are stuck on similar issues

RBI panel for maximum of two-layered core investment companies by 2021

The RBI panel's advice to limit CIC to two levels is another reform for better financing arrangement

Reliance Industries puts off gas bid for the second time to November 15

Sources in the company said bidders want more time to adapt to the new bidding system. Some added RIL may be facing lack of interest from potential bidders

Govt likely to extend 15th Finance Commision's term by six months

Officials say there have been discussions on whether the treatment given to J&K will be unfair to Delhi and Puducherry

Rs 25,000-cr boost for realty: Govt sets up fund to revive stalled projects

Targeted at affordable and middle-income housing units, the fund will address residential properties in Mumbai that are priced below Rs 2 crore

Over 50 companies in race for 10 iron ore blocks in Odisha

At a pre-bid conference convened by the state steel & mines department, more than 50 companies turned up