The Rupee climbed by 9 paise to 67.43 against the US dollar in early trade on Friday.
Amid global economic uncertainty following the shock Brexit vote, mining stocks have notched considerable gains as investors seek a safe haven in gold.
Termination of money transfer services in small Pacific states due to anti-money laundering and anti-terrorism, finance compliance has hurt foreign remittances, the IMF study said.
The IRDA board on Thursday approved the initial license — known as R1 in regulatory parlance — to ITI Reinsurance, promoted by a firm controlled by Sun Pharma co-promoter Sudhir Valia.
Steel, cement sectors slow down; fertiliser & steel output post healthy growth.
The drop in numbers is significant as the Narendra Modi government has stepped up efforts both at the domestic and diplomatic level.
India is the largest client of the World Bank, which lent it around $4.8 billion between 2015 and 2016.
Forex dealers said weakness in the dollar against some other currencies overseas provided added momentum to the rupee.
The value of assets held overseas by Japanese investors consistently exceeds the value of Japanese assets owned by foreign investors. Domestic investors own 90 percent of the nation's public debt.
The three members gave the same arguments as Raghuram Rajan for RBI to remain cautious and keep the policy repo rate on hold until inflation eases further.
BSE Sensex rallied 149.33 points, or 0.56 per cent, to 26,673.88 in early session today.
According to the FSR report, top 100 large borrowers (in terms of outstanding funded amounts) accounted for 27.9 per cent of credit to all large borrowers and 16.2 per cent of the credit of all banks.
Weakness in the dollar against some other currencies overseas gave the rupee some muscle, forex dealers said.
The Union Cabinet is expected to take up the committee’s report in its meeting on June 29.
MPC to aim to contain consumer price index-based inflation in the range of 4% plus or minus 2%.
7th Pay Commission: The Empowered Committee of Secretaries, which was formed to look into the recommendations, has finalised its report, Finance Secretary Ashok Lavasa said on June 27.
Karat noted Kejriwal has been raising concern over several issues, including that of statehood for Delhi, and said the Left parties back the demand.
The circular added that TCS is "required to be collected at source on cash component of the sales consideration and not on the whole of sales consideration".
Arun Jaitley, was in China primarily to attend the first meeting of the Board of Governors of the $100-billion Asian Infrastructure Investment Bank (AIIB).
A new Monetary Policy Committee also will be chosen soon, the official said.
Meanwhile, BSE Sensex fell further by 98.84 points, or 0.37 per cent, to 26,298.87 in early trade.
Jaitley was addressing the Asan Infrastructure Investment Bank (AIIB), which he said has come up ''amid huge expectations.''
"We are able to deal with it as we've solid macroeconomics," CEA Arvind Subramanian said, delivering the keynote lecture on 'Overview of Indian Economy' at an international conference.
This year, FPIs have invested Rs 19,883 crore in equities while withdrawing Rs 11,537 crore from the debt market.
"I am sure in due course as the economy is picking up, private sector will also boost this," Jaitley said.
After exiting EU, locations like Greece, Spain and Portugal may not remain as attractive to UK investors, and India may benefit from that.
Housing activists say that a heavy reliance on private sector is the prime reason for poor pace of implementation of the PMAY
Signing an FTA with the UK may be somewhat easier than the proposed Broad-based Trade and Investment Agreement (BTIA) under negotiation since 2007 between India and EU.
‘Well prepared’ to deal with any volatility, says Finance Minister Arun Jaitley
After initial worries, money will come back; Rupee well behaved, says Reserve Bank Governor Raghuram Rajan
India's total pharma exports in 2015-16 were USD 13 billion. Of these, EU accounted for USD 1.51 billion, UK (USD 469 million) and the US (USD 5.02 billion).
The dollar index was trading up 2.80 per cent against a basket of six currencies in the late afternoon trade.RBI fixed the reference rate for the dollar at 68.01 and euro at 75.10.
Jaitley said that India respected the referendum’s verdict but at the same time was aware of its significance in the days ahead and also for the medium term.
Federation of Indian Export Organisations (FIEO) said that much will depend on what kind of negotiation Britain works out with EU within the two years window available to replace the terms of EU membership.
The changes in the policy include allowing 100 per cent FDI under government approval route for trading, including through e-commerce.
"Let's not see this as unremittingly gloomy. There are a couple of silver linings. Oil prices have come down. That's good for India's macro situation," Chief economic Advisor, Arvind Subramanian said.