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Tag: Trade updates

Rupee falls 2 paise to 83.81 against U.S. dollar in early trade

Posted on October 1, 2024 By admin
Rupee falls 2 paise to 83.81 against U.S. dollar in early trade

Image for representation | Photo Credit: istock.com The rupee fell 2 paise to 83.81 against the U.S. dollar in early trade on Tuesday (October 1, 2024), tracking massive outflow of foreign funds amid volatile global markets. Forex traders said a strengthening American currency weighed down the Indian unit against major rivals, though retreating crude oil…

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Explained | Why are India-Russia trade payments in crisis?

Posted on July 8, 2023 By admin
Explained | Why are India-Russia trade payments in crisis?

Oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia on June 4, 2023. | Photo Credit: Reuters The story so far: As India continues to import oil from Russia, it is getting tougher for the country to pay for it. On the one hand, it faces repercussions of breaching the oil price cap…

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