India to import Iranian oil using rupee payment mechanism; goods to be exported to Tehran for 50% payment

2 weeks ago
New Delhi: India will import crude oil from Iran using a rupeebased payment mechanism, an industry source told on Thursday, adding that 50 percent of those payments will be used for exporting items to Tehran. The United States last month  ... ...

Fitch lowers India growth forecast to 7.2% for current fiscal; rupee to weaken to 75 vs dollar by end of 2019

2 weeks ago
New Delhi: Fitch Ratings on Thursday revised downwards India's GDP growth forecast to 7.2 percent for current fiscal citing higher financing cost and reduced credit availability. In its Global Economic Outlook, Fitch projected that for 201920 and 2020 ... ...

Markets LIVE: Sensex, Nifty trade lower; ONGC, Infosys, Wipro top gainers

2 weeks ago
Mumbai: Indian benchmark indices BSE Sensex and NSE's Nifty 50 traded little changed on Tuesday as global markets struggled after confusing signals over USChina trade talks. Stock markets dropped in Japan, Korea and Australia and fluctuated in China.Markets Live: Sensex drops 150 pts, Nifty tests 10850 ... ...

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