Currency India Latest Information

Currency India Latest Information

Booming Indian Stock Markets May Not Show Its Economic Reality
Surging capital inflows, booming stock markets and a fast-appreciating currency suggest the India story is again shining after a dismal 2011.

India-Iran work out oil payment deal
NEW DELHI, Feb. 7 (UPI) -- Iran, facing tough U.S. and European sanctions, reached a deal with India to accept 45 percent of payment for its oil in Indian currency, its ambassador said.

Exuberant Indian markets gloss over economic reality
NEW DELHI (Reuters) - Surging capital inflows, booming stock markets and a fast-appreciating currency suggest the India story is again shining after a dismal 2011. Dig a little deeper, and problems afflicting Asia's third-largest economy remain largely unabated and unaddressed. Inflationary risks remain and a political logjam continues to hem in reforms, clouding the economic outlook. "Nothing ...

India ETFs Vault Over 30% This Year
After being shunned in the risk-off, volatile market environment over 2011, India exchange traded funds are making up the difference on a combination of improved market conditions and an appreciating rupee.The ...

India Eases FX Trading Limits For Some Banks
MUMBAI -- India's central bank has eased limits on currency trading positions for some banks after considering their applications for relaxation on a case-by-case basis, two bankers said Monday.

India expects slowest growth in three years
India forecast on Tuesday economic growth would fall below seven percent for the first time in three years, hit by an aggressive string of interest rate hikes and economic reform paralysis.

Indian markets gloss over reality
Surging capital inflows, booming stock markets and a fast-appreciating currency suggest the India story is again shining after a dismal 2011. Dig a little deeper, and problems afflicting Asia's third-largest economy remain largely unabated and unaddressed.

India, Iran seal oil payment mechanism
Ruling out gold as a mode of payment, Iran Tuesday said Indian companies will pay for 45 percent of their oil imports from Iran in the Indian currency as part of a mechanism agreed between the two countries.

Iranian envoy: India will buy oil partly in rupees
Iran's envoy in New Delhi says India will make 45 percent of payments for Iranian oil in rupees as Western sanctions hinder international bank transactions.

Market rally is no indication of economic reality: experts
Surging capital inflows, booming stock markets and a fast-appreciating currency suggest the India story is again shining after a dismal 2011. Dig a little deeper, and problems afflicting Asia’s third-largest economy remain largely unabated and unaddressed.

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