Economy News

jaipal-reddy-asim-hussain

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
small-businesses

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. More details here. Jan 20, 2012
rupee

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
pranab-mukherjee

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
small-businesses

RBI's Reference Rate for Dollar Today

Based on the reference rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of British pound as against the rupee is 79.0985. Jan 16, 2012
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