The rupee on Monday opened 13 paise higher at 70.43 against the US dollar on account of some selling in American currency by banks and exporters amid softening crude oil prices.
The RBI may cut the key policy rate again on Friday, the fifth in row, to complement the government's measures like reducing corporate tax and promoting credit offtake to spur economic activity during the festive season amid range-bound inflation.
NEW DELHI: The government will soon constitute a working group on the proposed new industrial policy which is aimed at promoting emerging sectors, reducing regulatory hurdles and making India a manufacturing hub, an official has said.
NEW DELHI: In a boost to Prime Minister Narendra Modi’s ambitious target of India breaking into top 50 nations on the World Bank's ease of doing business ranking, the country has figured among the 20 countries that have improved the most on the list.
MUMBAI (Reuters) - The Indian government may request an interim dividend of around 300 billion rupees ($4.3 billion) from the Reserve bank of India (RBI) in order to meet its fiscal deficit target, Mint newspaper reported on Sunday citing news agency Press Trust of India (PTI).
NEW DELHI : The government may seek an interim dividend of about ₹30,000 crore from the RBI towards the end of the financial year to meet its fiscal deficit target of 3.3% of GDP for 2019-20, sources said.