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Raghuram Rajan to take over as new chief economic advisor

Raghuram Rajan to take over as new chief economic advisor

Former International Monetary Fund chief economist Raghuram Rajan has been appointed as the new chief economic advisor who would replace Kaushik Basu. The Appointments Committee of the Cabinet approved his…

Industrial production declines by 1.8 per cent in June

Industrial production declines by 1.8 per cent in June

Poor show by manufacturing and capital goods sectors led to the decline in industrial production by 1.8 per cent in June, indicating a persistent slowdown in the economy. Industrial output…

Rupee gains 5 paise against dollar to 55.02

Rupee gains 5 paise against dollar to 55.02

The rupee rose by 5 paise to trade at fresh one-month high of 55.02 against the American currency in early trade on Wednesday at the Interbank Foreign Exchange on persistent…

Rupee gains 20 paise against dollar in early trade

Rupee gains 20 paise against dollar in early trade

The rupee strengthened by 20 paise to trade at 55.32 against the US dollar in early trade on Tuesday, extending its rising streak for the third day at the Interbank…

Rupee soars by 51 paise against dollar in early trade

Rupee soars by 51 paise against dollar in early trade

The rupee gained a hefty 51 paise to 55.24 against the US dollar in early trade on Monday at the Interbank Foreign Exchange market on increased dollar selling by banks.…

Poor monsoon will pull down economic growth: Montek Singh Ahluwalia

Poor monsoon will pull down economic growth: Montek Singh Ahluwalia

The Planning Commission on Friday warned that a deficient monsoon is likely to pull down the economic growth in the current fiscal to about six per cent, from 6.5 per…

Exports plunge 5.45 per cent in June, imports low 13.46 per cent

Exports plunge 5.45 per cent in June, imports low 13.46 per cent

Growing economic uncertainties in the western market hit India’ exports for the second consecutive month , dropping 5.45 per cent year-on-year in June to $25 billion. Imports dipped more sharply…

Drought-like situation to hit several sectors like FMCG, banking, auto and fertiliser

Drought-like situation to hit several sectors like FMCG, banking, auto and fertiliser

The drought-like situation will severely impact several sectors such as fastmoving consumer goods (FMCG), automobile, banking and fertiliser whose stocks could take a beating in the coming months, according to…

Indian rupee recovers by 9 paise against US dollar

Indian rupee recovers by 9 paise against US dollar

The Indian rupee rose by 9 paise to 55.43 against the US dollar in early trade on Friday at the Interbank Foreign Exchange, on increased capital inflows amid stronger euro.…

Rupee rises 13 paise against dollar in early trade

Rupee rises 13 paise against dollar in early trade

The rupee on Thursday rose by 13 paise to Rs 56.03 against the US dollar in early trade, snapping four sessions of losses, on the Interbank Foreign Exchange, as the…