Rupee strengthens against US dollar on Tuesday

Indian rupee strengthened against the US dollar on Tuesday supported by a weaker American currency ahead of the US Federal Reserve's last meeting minutes and the US Consumer Price Index release for September later this week. Meanwhile, investors also awaiting key policy decision by the RBI's Monetary Policy Committee headed by RBI Governor Shaktikanta Das, … Read more

Power generation via renewable energy up 86 pc in India since 2014: Pralhad Joshi

 India saw an impressive 86 per cent increase in power generation via renewable energy since 2014, from 193.5 billion units (BU) to 360 BU, Union Minister of New and Renewable Energy, Pralhad Joshi, said on Monday.   Delivering the keynote address at the 'Hamburg Sustainability Conference' in Germany, the minister said India stands as a … Read more

Rupee to rely on central bank support amid higher US yields, outflows

 The Indian rupee is expected to hold near all-time lows on Tuesday amid the 10-year U.S. Treasury yields hitting the highest in two months and relentless equity outflows. The Reserve Bank of India, however, is expected to not let the rupee slip past the psychologically important 84 handle. The 1-month non-deliverable forward indicated that the … Read more

India`s fuel demand fell 1.6% y/y in Sept

 India's fuel demand fell 1.6% in Sept compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 17.92 million metric tons, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Sales of gasoline, or petrol, were 3.0% higher from a year earlier at 3.15 … Read more