Category: Indian Economics

The IMF chief is warning Emerging markets of the impact from the US-China trade war. The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C. It is comprised of 189 countries that aim to “foster global monetary cooperation..

Iraq replaced Saudi Arabia in August as the top oil supplier to India, data from industry and shipping sources showed, as refiners turned to Iraqi barrels to compensate for a lower intake of Iranian oil ahead of U.S. sanctions in November. India has historically had close economic ties to the Saudi..

India’s securities regulator issues a new order which will no longer recognise People of Indian Origin (PIOs) as ‘foreign portfolio investors’. This move is directed to prevent the hoarding of wealth outside India. The Securities and Exchange Board of India is the regulator for the securities market in India. It was established in…

Buenos Aires’s bond market is in a downward spiral as debt mounts and the peso continues to underperform. President Macri proposed to reduce a few of his ministries as a new, harder austerity drive is about to begin. Argentina is the eight largest country in the world and covers most of the southern..

Emerging economies have been plunged into turmoil this year as their currencies collapse under pressure from rising US interest rates, political clashes and the global trade war. An emerging market is a country that has some characteristics of a developed market, but does not satisfy standards to be termed a developed market..

The rupee fell to a record 71 per dollar in opening trade on Friday, tracking weakness in almost all other Asian peers as the latest round of U.S.-China trade tensions. The rupee has reached its lifetime low of 70.93 just before closing on Thursday. The Indian Rupee (INR) is the official currency of India which…

IMF revises Argentina bailout terms after a sharp drop in the value of the peso. Buenos Aires requests an early disbursement of funds as refinancing worries grow. Argentina is the eight largest country in the world and covers most of the southern portion of South America. Following three centuries of Spanish..

Uday Kotak, MD of Kotak Mahindra Bank was asked to meet a year-end deadline to reduce his personal stake in Kotak Mahindra Bank Ltd. below 20 percent. Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. In February 2003, Reserve Bank of India (RBI)…

Jerome Powell bats for a gradual rise in interest rates. The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913. The main goal behind establishing the body was…

New Delhi imported record quantities of oil from West Africa in August, driving up exports to pre-2015 levels. Africa is the world’s second largest and second most-populous continent after Asia. It is surrounded by the Mediterranean Sea, the Isthmus of Suez, the Red Sea, the Indian Ocean and the Atlantic Ocean. West Africa’s massive oil…