Tag
#India
India raises gold import duty to 15% to support rupee
India's gold import duty jumped to 15% as New Delhi moved to curb bullion inflows, defend foreign-exchange reserves and steady the rupee.
RBI Weighs Rate Hike as Rupee Slides Toward 97 Per Dollar
The Reserve Bank of India is weighing an emergency interest rate increase alongside currency swaps and dollar-raising measures to arrest the rupee's slide after it hit a fresh low of almost 97 per dollar this week.
India's rupee defence edges toward capital-control territory
India currency controls are back in focus as Citi warns oil pressure and foreign outflows may push the rupee toward 100 per dollar.
Nifty 50 drops 1.3% as oil surge hits rupee, Indian shares
Nifty 50 drops 1.3% as Brent tops $111, weakening the rupee and showing how a Middle East oil shock is hitting Indian equities.
Asia-Pacific banks raise Iran war provisions as $180B credit risk looms
Asia-Pacific banks have set aside $3.8 billion in combined war-related provisions as the Iran conflict's oil shock and trade disruption begin flowing into corporate and consumer credit risk. S&P warns a prolonged conflict could drive $180 billion in additional credit losses.
Arohan files for IPO as India tests demand for lenders
Arohan's ₹600 crore IPO filing offers a read on whether India's public markets will still fund specialist non-bank lenders after a cooler stretch for new issues.
Silver import curbs: India tightens rules after $12B bill
Silver imports: India curbed most shipments after a record $12B fiscal-year bill, widening its rupee-support push with trade controls on precious metals.
Rapido raises $240 million in Prosus-led round at $3 billion valuation
Rapido raised $240 million in a Prosus-led round that valued the Indian ride-hailing platform at $3 billion, offering a fresh marker for late-stage mobility funding in India.
