Economy News

TAPI Gas Pipeline Project: India and Pakistan Agree Transit Fee Formula

At a bilateral discussion between the Indian Minister of Petroleum and Natural Gas, S. Jaipal Reddy, and Pakistan's Federal Minister for Petroleum and Natural Resources, Asim Hussain, in New Delhi on Wednesday, both nations have reportedly "agreed to settle the Transit Fee issue at the earliest".

Jan 26, 2012

RBI's Reference Rate for Dollar Today (Jan 24, 2012)

The Reserve Bank of India (RBI) on Tuesday fixed the reference rate for the US dollar at 49.9673 rupees and the euro 65.0887 rupees.

Jan 24, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Friday fixed the reference rate for the US dollar at 50.3288 rupees and the euro 65.3070 rupees.

Jan 20, 2012

RBI to Issue Rs. 100 Notes With Rupee Symbol

The Reserve Bank of India (RBI) will shortly issue Rs 100 notes, which will have the rupee symbol.

Jan 20, 2012

RBI's Reference Rate for Dollar on January 19, 2012

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at 50.2890 rupees and the euro 64.6664 rupees.

Jan 19, 2012

Rupee Turns Lower in Afternoon Trade

The rupee came off its day's highs, to turn lower in afternoon trade on Wednesday, tailing euro, with oil buying and choppy domestic shares adding to the pressure.

Jan 18, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the US dollar at 50.6655 rupees and the euro 64.6314 rupees.

Jan 18, 2012

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RBI's Reference Rate for Dollar Today (Jan 17, 2012)

The Reserve Bank of India (RBI) on Tuesday fixed the reference rate for the US dollar at 51.0650 rupees and the euro 64.9998 rupees.

Jan 17, 2012

Moderation in Inflation Could Continue in Coming Months: Pranab Mukherjee

The country's Union Finance Minister, Pranab Mukherjee, has said the decline in the monthly headline inflation for Dec. 2011 to 7.47 percent (down from 9.11 percent in Nov. 2011) was mainly due to a significant decline in inflation for primary articles, including food inflation, in the month of Dec. 2011.

Jan 16, 2012