Tag Archives: USD

Aim for $450-500 billion exports next year, Industry Minister Piyush Goyal tells exporters

The country’s exports are growing at a healthy rate and now exporters can aim for USD 450-500 billion of outbound shipments during the next fiscal year, Commerce and Industry Minister Piyush Goyal said on Saturday. Exports have touched USD 197 … Continue reading

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Forex reserves up by USD 1.492 billion to USD 641 billion

The country’s foreign exchange reserves rose by USD 1.492 billion to reach USD 641.008 billion in the week ended October 15, RBI data showed on Friday. In the previous week ended October 8, the reserves had increased by USD 2.039 … Continue reading

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Cairn CEO wants to meet FM Nirmala Sitharaman on arbitration award next week

The chief executive of Cairn Energy is expected to meet finance minister Nirmala Sitharaman next week to seek a ‘swift’ implementation of an arbitration award the UK company won against the government. This is yet another attempt by Cairn to … Continue reading

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Off-highway tyre maker Alliance Tire to invest Rs 1,240 crore in third plant at Visakhapatnam

MUMBAI: Off-highway tyre-maker Alliance Tire Group (ATG), owned by the Japanese major Yokohama Group, is setting up its third plant in the country in Visakhapatnam with an investment of $ 165 million (around Rs 1,240 crore). The proposed $ 165-million … Continue reading

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Pakistan likely to face current account deficit of USD 12-17 billion in 2021-22: PM’s former aide

Pakistan’s economy will be under increasing pressure during the ongoing fiscal and likely to face a current account deficit of USD 12 to 17 billion for 2021-22, a veteran bureaucrat and former aide to Prime Minister Imran Khan has said. … Continue reading

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France’s Sarkozy found guilty of illegally financing 2012 election bid

Former French President Nicolas Sarkozy was found guilty of illegal campaign financing over his failed 2012 re-election bid by a Paris court on Thursday. It was the second guilty verdict this year for Sarkozy, who led France from 2007 to … Continue reading

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HDFC Securities | Gold gains Rs 198; silver jumps by Rs 1,008

Gold gained Rs 198 to Rs 48,480 per 10 gram in the national capital on Tuesday following a rally in international precious metal prices, according to HDFC Securities. In the previous trade, it had closed at Rs 48,282 per 10 … Continue reading

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Gold | Gold slips on buoyant bond yields

April 9: Gold prices fell more than 1% on Friday, weighed down by a jump in U.S. Treasury yields and a rebound in the dollar, but bullion was still on course for its first weekly gain in three weeks. Spot … Continue reading

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FTSE | Asia shares turn cautious ahead of US inflation

SYDNEY: Asian shares turned lower on Monday as relief over the benign US jobs report was chilled by caution ahead of key inflation data later this week, while a coronavirus outbreak in Taiwan took a toll on chip manufacturers. Investors … Continue reading

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gold imports | Gold imports jump multi-fold to USD 6.91 billion in April-May on low base effect

Gold imports, which have a bearing on the current account deficit, zoomed to USD 6.91 billion (Rs 51,438.82 crore) during April-May 2021 due to low base effect in the wake of the COVID-19 pandemic, according to data from the Commerce … Continue reading

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