The rupee fell 17 paise to 69.59 against the US dollar in opening trade Tuesday on increased demand for the greenback from importers and banks.
China is an important trading partner for India with imports of $65 billion and exports of $15 billion in the period April 2018 to February 2019, recording an all-time high in exports and sharp decline in imports from China.
Three years after its inauguration, the government e-marketplace (GeM) has seen the cumulative procurement by the central and state governments reach Rs 24,183 crore at the end of 2018-19.
A foreign brokerage, on Monday, said the Reserve Bank of India will cut its key policy rates by another 25 basis points, after Governor Shaktikanta Das’ weekend speech focussing on ways to revive growth.
The RBI is likely to release its revised stress assets resolution circular after the elections to clear the model code of conduct.
Mumbai: "Better three hours too soon than one minute too late." If the Reserve Bank of India (RBI) needs inspiration to decide on policy rate cuts, William Shakespeare can come to the rescue.