We have obtained an advance authorisation and got it invalidated in favour of a domestic supplier for supply of an intermediate. The domestic manufacturer has obtained an advance intermediate authorisation and imported his inputs duty-free.

New Delhi, Mar 25 (KNN) The continuous increase in cotton price is reducing international competitiveness of the Indian textile value added industry and also affect exporters negatively said Confederation of Indian Textile Industry (CITI).

The rupee ended almost flat at 68.96 per US dollar Monday as participants preferred to wait on the sidelines to see the outcome of RBI's first-ever rupee-dollar swap auction.

Mumbai: Companies owned by business groups dependent on bank funding will have to adjust to new single borrower limits of the Reserve Bank of India (RBI) from April 1.

Indian rupee on Tuesday was trading marginally higher against US dollar, tracking gains in Asian currencies market. At 9.08 am, the rupee was trading at 68.88 a dollar, up 0.05% from its previous close of 68.94. The home currency opened at 68.90 a dollar.