India is in talks with Russia to import wheat at a discount to surging global prices in a rare move to boost supplies and curb food inflation ahead of state and national elections next year, reported Reuters.
India will not impose countervailing duty (CVD) on select steel products imported from China despite a recommendation from trade officials and lobbying from local steel manufacturers, Reuters reports.
The hike, the Fed’s 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, a level last seen just prior to the 2007 housing market crash and which has not been consistently exceeded on an effective basis for about 22 years.
Adani Ports and Special Economic Zone has received offers worth about $213 million under its dollar bond buyback, but will accept only $195 million as announced earlier, the company said in an exchange filing on Thursday.
The Reserve Bank of India decided to increase the risk weight on the exposure of banks to consumer credit, credit card receivables and non-banking finance companies.
He also said the department will soon start sending advisories to businesses who are non-compliant in issuing e-invoices to their B2B customers.
Gold reserves were down $99 million to $47.13 billion during the week, the RBI said.
The economies in the Netherlands’ neighbours, France and Belgium, both grew in the last quarter while another neighbour, European economic powerhouse Germany, stagnated.
As per the pricing methodology that these oil marketing companies (OMCs) are supposed to follow, petrol and diesel prices should be revised daily based on the 15-day rolling average of international benchmark prices.
This comes a week after the Ministry of Commerce and Industry had asked the DFS to maintain credit flow to the exporters amid disruption in the Red Sea region that could impact over 80 per cent of the exports to Europe, following an inter-ministerial meeting on January 17.