Tag Archives: US dollar

Sri Lankan economic crisis worries South India’s textile and fabric exporters

South India’s textile and fabric exporters are worried that the economic crisis in Sri Lanka–India’s second largest export destination for clothing products—may lead to a delay in payments from buyers in the island nation. The Sri Lankan rupee has weakened … Continue reading

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Sri Lankan economic crisis worries South India’s textile and fabric exporters

South India’s textile and fabric exporters are worried that the economic crisis in Sri Lanka–India’s second largest export destination for clothing products—may lead to a delay in payments from buyers in the island nation. The Sri Lankan rupee has weakened … Continue reading

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Gold eases on firmer US dollar, yields ahead of central bank meetings

Gold prices eased on Wednesday, retreating from the key $1,800 mark, as a stronger U.S. dollar and elevated bond yields dented bullion’s safe-haven appeal ahead of key central bank meetings. FUNDAMENTALS * Spot gold was down 0.2% at $1,788.66 per … Continue reading

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Petrochemical prices rise 30% in 6 months, raise packaging costs

NEW DELHI: Petrochemical prices have soared almost 30% in less than six months, raising the cost of a range of goods from ice creams to textiles and consumers goods, though it is good news for suppliers such as Reliance Industries … Continue reading

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Downturn will mark unprecedented shift for mining industry: Moody’s

NEW DELHI: The slowdown in the mining sector, particularly in China — the world’s biggest metal consumer — will lead to an “unprecedented shift in the industry, Moody’s Investor Service said today. The downturn and subdued prices have weakened the … Continue reading

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Falling Rupee: Consumer goods companies like Samsung, Panasonic, Akai, BlackBerry to bite price bullet aga

KOLKATA | MUMBAI: Prices of consumer products such as televisions, digital cameras and personal computers are set to increase once again next month, while carmakers and mobile phone makers are under pressure to follow suit due to the rupee‘s free … Continue reading

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TV prices of 32 inch and above may go up from next month

Television makers are mulling to increase prices of their products of 32 inch and above sizes from next month to offset the adverse impact of depreciating rupee against US dollar. While Haier is planning to increase the prices by up … Continue reading

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RBI’s dollar purchases hit three-year high in forwards

The Reserve Bank of India‘s US dollar purchases in the forward market hit a three year high in March as the central bank accumulated reserves to prevent the rupee’s sharp rise despite which the currency gained to multi-month high. The … Continue reading

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policy | India, UAE currency swap pact to reduce Delhi’s dependency on US dollars

The currency swap deal between India and the UAE will enhance and strengthen trade relations between the two countries and reduce India’s dependency on currencies like US dolllars. “These agreements and upcoming agreements in many areas will enhance and strengthen … Continue reading

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debt markets | US 5-year note sold at highest yield since Sept 2008

The U.S. Treasury Department on Wednesday sold $36 billion of five-year government notes at a yield of 2.864 percent, which was the highest yield at an auction of this maturity since September 2008, Treasury data showed. The ratio of bids … Continue reading

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