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Dipak Mondal
New Delhi, September 17, 2018
The government has made a slew of announcements -- including removal of limits on foreign portfolio investor (FPI) exposure to corporate bonds and curbs on import of non-essentials goods -- to check depreciation of rupee and ballooning current account deficit (CAD).


BusinessToday.In
September 17, 2018
On Saturday, the government announced steps to check non-essential imports and promote exports in order to arrest the decline in rupee, check the widening current account deficit and relaxing norms for raising overseas borrowing.


BusinessToday.In
New Delhi, September 17, 2018
The petrol reached Rs 82.06 per litre in Delhi on Monday, while diesel surged 6 paise to Rs 73.78 per litre. Petrol has already crossed the Rs 90 mark in two districts of Maharashtra.


PTI
September 16, 2018
The revenue department has instructed its field formations to collect safeguard duty on imported solar cells, withdrawing its earlier direction issued a month ago regarding suspension of the levy.


Reuters
September 15, 2018
India's loadings from Iran for this month and next will drop to less than 12 million barrels each, after purchases over April-August had been boosted in anticipation of the reductions.


PTI
September 15, 2018
The United States has warned of having a \"fundamentally different set of rules\" to deal with the countries continuing to have economic activities with Iran after its sanction against Tehran becomes fully operational on November 4.


BusinessToday.In
September 15, 2018
Finance Minister Arun Jaitley said that external factors like policies adopted by the United States, trade tensions and skyrocketing crude oil prices are impacting economies like India, despite \"strong fundamentals\".


PTI
New Delhi, September 14, 2018
In August, the growth rate in overseas shipments touched a three-month high of 19.21 per cent. Earlier in May, exports had recorded a growth of 20.18 per cent.


Mudit Kapoor
September 14, 2018
The 15-member OPEC (The Organisation of the Petroleum Exporting Countries) cartel pumped 32.98 million barrels per day last month. The rise in production was last matched in October 2017.


BusinessToday.In
September 14, 2018
The top gainer among sugar stocks was Avadh Sugar and Energy which hit the upper circuit of 19.99% to 472.65 level on BSE today. On Wednesday, the stock closed 6.47 per cent higher at Rs 393.90 on the BSE.


PTI
September 12, 2018
\"Export trade during August 2018 recorded at $27.84 billion, a positive growth of 19.21 per cent. Exports excluding petroleum also reported a positive growth of 17.43 per cent,\" said Commerce and Industry Minister Suresh Prabhu.


BusinessToday.In
New Delhi, September 12, 2018
The Indian currency hit a fresh record low of 72.91 against the dollar on Wednesday, only to recover to Rs 72.35. The currency has fallen over 13 per cent against the dollar since January.


BusinessToday.In
September 12, 2018
Credit Suisse in a note said an overhang on Titan is potential regulatory action if rupee depreciation worsens. In 2013, govt had taken measures to curtail gold imports to support the currency.


BusinessToday.In
September 11, 2018
Today, the market extended losses with the Sensex closing 509 points or 1.34% lower at 37,413. Nifty too fell 150 points or 1.32% to 11,287 level. The Sensex has lost nearly 1,000 points in the last two sessions in a rout triggered by the worsening trade data. The Nifty too has lost 300 points in the same period.


BusinessToday.In
September 11, 2018
The Sensex has seen over 1% fall in the second straight session today for first time since February 2016. On Monday, the Sensex closed 467 points or 1.22% lower at 37,922, the Nifty fell 151 points or 1.30% to 11,438 level.


BusinessToday.In
New Delhi, September 11, 2018
The measures will cost the Vasundhara Raje government around Rs 2,000 crore due to a reduction in price, while Andhra will lose around Rs 1,120 crore.


BusinessToday.In
New Delhi, September 10, 2018
Brands such as Xiaomi, TCL, Skyworth, BPL and Thomson have all started local production at the component stage in the past few weeks, which is a major fillip to PM Narendra Modi's Make in India initiative


BusinessToday.In
New Delhi, September 10, 2018
Economic Affairs Secretary Subhash Chandra Garg said last week's rupee fall was on account of the belief that emerging markets with a current account deficit may face some pressures going forward, and the rupee was no exception


PTI
September 10, 2018
At 10:09 am, the Sensex was trading 206.85 points, or 0.54 per cent lower to 38,127.97. The laggards include Yes Bank, PowerGrid, Kotak Bank, ONGC, Hero MotoCorp, HUL, HDFC Bank, ICICI Bank, HDFC, Tata Motors, Sun Pharma and Asian Paint Sun Pharma, Yes Bank, SBI, ICICI Bank, NTPC, ONGC and Maruti Suzuki, falling up to 2.12 per cent.


BusinessToday.In
September 10, 2018
Xiaomi launched its new Redmi series last week and one of the three new smartphones will go on sale for the first time in India today. The device sits between both Redmi 6 Pro and Redmi 6A that were launched alongside the Redmi 6.


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