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Rupee rises 12 paise to close at 79.57 against US dollar

The rupee appreciated 12 paise to close at 79.57 (provisional) against the US dollar on Friday, tracking positive domestic equities and foreign fund inflows. At the interbank forex market, the local unit opened at 79.66 against the greenback. It witnessed an intra-day high of 79.47 and a low of 79.66 during the session. It finally [...]

Rupee rises 9 paise to 79.81 against US dollar in early trade

The rupee appreciated 9 paise to 79.81 against the US dollar in early trade on Monday, supported by the fall in crude oil prices. At the interbank foreign exchange, the rupee opened at 79.86 against the American dollar. In initial trade, the local currency witnessed a high of 79.81 and a low of 79.87 against [...]

Rupee rises 20 paise to close at 79.85 against US dollar

The rupee recovered from its all-time low of 80.06 to close 20 paise higher at 79.85 (provisional) against the US dollar on Thursday following overall weakness in crude oil prices and fresh foreign fund inflows. At the interbank forex market, the local unit opened lower at 80.03 against the greenback and fell further to an [...]

Rupee hits intra-day record low of 78.78 against US dollar

The rupee fell 41 paise to hit its intra-day record low of 78.78 against the US dollar on Tuesday, weighed down by persistent foreign capital outflows. At the interbank foreign exchange, the rupee opened at 78.53 against the American dollar, then fell further and touched its intra-day record low of 78.78, registering a fall of [...]

Top Latest News on Indian Economy 

FPIs infuse Rs 5,600 crore in Indian equities in September so far

Foreign investors have pumped in close to Rs 5,600 crore into the domestic equity markets in this month so far on expected growth in consumer spending in festive season and better macro fundamentals compared to other emerging markets. This comes following a net investment of staggering Rs 51,200 crore in August and nearly Rs 5,000 [...]

India bans export of broken rice

After imposing 20 per cent export duty on non-basmati rice, the government has banned the export of broken rice with an aim to increase domestic availability, according to a government notification "Export Policy of broken rice ...is amended from ‘Free’ to ‘Prohibited’," the Directorate General of Foreign Trade (DGFT) said in a notification dated September [...]

Mcap of BSE listed firms at all time high of Rs 282.66 lakh cr

The market capitalisation of BSE-listed firms reached an all-time high of Rs 282.66 lakh crore on Thursday, helped by a rebound in equities. The 30-share BSE Sensex climbed 659.31 points or 1.12 per cent to settle at 59,688.22 after falling in the previous two trading days. The bounce back in equities, helped the market capitalisation [...]

Import of Russian oil at discounted price part of inflation management: FM

Finance Minister Nirmala Sitharaman on Thursday said India has ramped up the import of crude oil from Russia at discounted prices amid sanctions on Moscow as part of the country's inflation management. "In a situation where global prices were going beyond anyone's affordability, at that stage to take a very strong political decision, I respect [...]

Markets rally: Investors richer by Rs 5.68 lakh cr

Investors' wealth soared by Rs 5.68 lakh crore on Tuesday driven by a smart recovery in the equity market with benchmark BSE Sensex rallying nearly 3 per cent. The BSE Sensex jumped 1,564.45 points or 2.70 per cent to settle at 59,537.07. During the day, the benchmark rallied 1,627.16 points or 2.80 per cent to [...]

Housing prices rise in 42 cities in Q1 of FY23: NHB

Housing prices rose in 42 cities in the first quarter of 2022-23, while the rates of residential units fell in five cities and remained stable in three cities, according to the price index Residex released by NHB. All the eight major metros recorded an increase in the index on an annual basis -- Ahmedabad (13.5 [...]

Diesel export falls 11% in July on levy of windfall profit tax

India's diesel exports fell by 11 per cent in July and overseas shipment of petrol dropped by 4.5 per cent after the government slapped a windfall profit tax on such sales, official data showed. Diesel exports dropped to 2.18 million tonnes in July from 2.45 million tonnes a month back, data from the Oil Ministry's [...]

Inflation trajectory heavily contingent on geopolitical developments: RBI Dy Guv

Inflation trajectory continues to be "heavily contingent" upon the evolving geopolitical developments, international commodity prices and global financial sector developments, Reserve Bank Deputy Governor Michael Debabrata Patra has said. The RBI on its part has front-loaded monetary policy response, with a cumulative 140 basis points increase in the benchmark rate so far with an aim [...]

Sugar export may decline 28.57% to 8 mn tonnes in next season: Official

The country's sugar exports are likely to decline by 28.57 at around 8 million tonne in the 2022-23 season on expected lower opening balance stock and higher diversion for ethanol, according to a senior food ministry official. However, whether to permit export under an open general licence or the prevailing quota system will be decided [...]

Govt puts restrictions on export of wheat flour

The government on Thursday decided to put restrictions on the export of wheat flour to curb rising prices of the commodity. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi here. The decision of the Cabinet "will now allow to put a restriction [...]

Home Ministry, railways, banks get maximum corruption complaints in 2021: CVC’s annual report

The Union Home Ministry, railways and banks have got maximum number of corruption complaints against their employees last year, according to the Central Vigilance Commission (CVC) latest annual report, which was made public on Wednesday. Of the total of 1,09,214 complaints received against all category of officers/employees, a highest of 37,670 were against the Ministry [...]

Govt plans to auction 17 non operational mines surrendered by PSUs

The government plans to put on auction 17 mines surrendered by public sector undertakings which could not put the blocks into operation, Coal and Mines Minister Pralhad Joshi said on Tuesday. The statement comes in the wake of the government making efforts to ramp up domestic coal production to ensure adequate availability of dry fuel [...]

Gold imports up 6.4% to USD 13 billion in April-July this fiscal

India's gold imports, which have a bearing on the country's Current Account Deficit (CAD), rose 6.4 per cent to USD 12.9 billion during April-July this fiscal due to healthy demand, according to government data. The imports stood at USD 12 billion during the same period a year ago. In July 2022, however, imports of the [...]

Elevated inflation warrants appropriate policy response, says RBI

Inflation is persistently at elevated levels that warrants appropriate policy responses to anchor expectations going forward, said an RBI article published on Thursday. Retail inflation based on the consumer price index (CPI) softened to 6.71 per cent in July, mainly on account of moderation in food prices. The Reserve Bank has increased the benchmark lending [...]

Frequently Asked Questions

1. What is GDP in an Economy?

Gross domestic product (GDP) is the standard measure of the value-added created through the production of goods and services in a country during a certain period. As such, it also measures the income earned from that production or the total amount spent on final goods and services (less imports).

2. What type of news will you get on the Economy section?

Economy news section on Trade Brains News will provide you with the news on the Indian economy and the factors that affect it. It will also provide you with news on retail inflation, foreign exports and imports and more. Stay updated with news on the Indian economy on Trade Brains News.

3. What is inflation in an economy?

Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.

What is Retail Inflation?

Retail Inflation, refers to the rate of inflation based on the Consumer Price Index (CPI), The CPI is an index that tracks the daily consumption of households and the change in the price of the goods and services these households spend on.

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