Beijing – China has once again resorted to provoking India as on Sunday, China’s Ministry of Civil affairs changed the names of 11 places in Arunachal Pradesh. China has clarified that it is not interested in resolving border disputes and improving ties with India. As China announced the name changes, India has warned that Arunachal […]
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New Delhi: Sri Lanka has agreed to set aside US dollars and trade in Rupee with India. Apart from Sri Lanka, other countries like Russia, Mauritius, Myanmar, Malaysia, Singapore, Israel, and Germany are also willing to trade in Rupee. More than 50 countries have opened Special Rupee Vostro Account-SRBA for transactions. This clearly indicates that […]
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New Delhi: India’s growth rate will be between 6% and 6.8% in the next fiscal year. This conclusion has been recorded in the financial inspection report presented in Parliament before the budget. The report also noted that although India’s growth rate seems to have come down so much for the first time in the last […]
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New Delhi: Reserve Bank Governor Shaktikanta Das informed that India is discussing with South Asian countries the use of the rupee for cross-border trade. The governors of the Reserve Bank have said that Bhutan and Nepal are trying to use India’s ‘UPI’ facility to a greater extent. While the pilot project of the Digital Rupee […]
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New Delhi: A discussion was held between the trade ministers of India and Bangladesh on the free trade agreement between both countries. Negotiations between the two countries will start soon. Simultaneously, it is reported that Indian Commerce Minister Piyush Goyal and Bangladesh Commerce Minister Tipu Munshi have discussed conducting trade between the two countries in […]
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New Delhi: Saudi Arabia’s Crown Prince Mohammed bin Salman will visit India next month. The Crown Prince is said to be coming to India on a special invitation from Prime Minister Narendra Modi. Before this visit, the energy minister of Saudi Arabia will arrive in India next week. The direct transaction between the Indian rupee […]
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Washington: The US dollar has reached its highest level in the last two decades. Compared to the dollar, the Chinese currency, Yuan has reached the bottom and recorded the lowest level. The changes recorded in the currencies of the world’s first and second largest economies are significant. With the US Federal Reserve raising interest rates […]
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Washington/Moscow: Russia is exploring options to overcome sanctions imposed by the West. One of the options is that Russia is planning to buy large amounts of foreign currency. Leading US website Bloomberg has claimed that Russia is planning to buy currencies of friendly countries, which include the Chinese Yuan. Following this report, the Chinese Yuan, […]
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Washington: The US Federal Reserve has indicated that the interest rate hike would continue to counter inflation for some time. This claim has caused the US Dollar value to jump compared to other currency rates. The Dollar has reached a 20-year-record hike in the Asian markets. The rise in the value of the US Dollar […]
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Dhaka: Bangladesh Prime Minister Sheikh Hasina will visit India next month. The Bangladesh economy also has taken a big hit due to the Coronavirus pandemic and the subsequent Ukraine conflict and concerns that a situation like Sri Lanka can develop in the country. The reductions in the foreign currency reserves of Bangladesh are proof of […]
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