New Delhi, April 23 (IANS) The Reserve Bank of India purchased $7.41 billion in the foreign exchange market during February this year on a net basis, marking the second straight month of net dollar buys, data from the monthly bulletin released on Thursday showed.The value of the Indian rupee rose 1 per cent vis-a-vis the dollar in February to post its first monthly gain in 10 months following the announcement of a trade deal between India and the US.During the month, the RBI purchased $21.4 bill…
Latest global trade News & Updates
New Delhi, April 20 (IANS) Legal verification of the New Zealand-India Free Trade Agreement (FTA) has been completed, with both countries agreeing to its signing in New Delhi on April 27 in the presence of a large contingent of representatives of businesses from the two countries, Trade and Investment Minister Todd McClay said on Monday.In a statement, McClay said, “This once-in-a-generation agreement gives our exporters unprecedented access to 1.4 billion people and an economy set to become t…
New Delhi, April 19 (IANS) The legal and policy implications of the WTO Panel Report on transnational subsidies, particularly under the Agreement on Subsidies and Countervailing Measures, came under sharp focus during a panel discussion held in the national capital on Sunday, as experts examined its impact on global trade rules and evolving industrial policies.The discussion was organised by the Centre for Trade and Investment Law (CTIL) at the Indian Institute of Foreign Trade in collaboration …
Washington, April 16 (IANS) The US on Thursday called on allies to do more to secure critical maritime routes in the Gulf, saying Washington cannot be expected to shoulder the burden alone amid escalating tensions with Iran. Defence Secretary Pete Hegseth said while some regional partners had supported US efforts, many countries had failed to act when needed.”Other allies have talked a lot and haven’t done anything,” he added, referring to the response during recent hostilities.Hegseth was speak…
New Delhi, April 16 (IANS) India’s benchmark 10-year government bond yield could ease below the 7 per cent mark by June, even as near-term volatility persists due to global and domestic factors, a report said on Thursday.As per the analysis of Crisil Intelligence, bond yields witnessed significant volatility in March, driven by a sharp rise in crude oil prices and heightened geopolitical tensions, which pushed the benchmark yield to its highs for the current financial year.However, easing inflat…
New Delhi, April 10 (IANS) India is set to outpace the broader Asian region, and China, even as growth across developing Asia and the Pacific is projected to slow down over the next two years amid geopolitical headwinds, according to a report released by Asian Development Bank (ADB) on Friday.According to the ADB analysis, economic growth in developing Asia and the Pacific is projected to ease to 5.1 per cent in 2026 and 2027, down from 5.4 per cent last year, weighed by geopolitical tensions an…
Washington, April 9 (IANS) Pakistan is facing mounting debt pressures, weak growth prospects and persistent structural vulnerabilities, which risks its economic stability, the World Bank said.The report highlighted that economies with high public debt, limited fiscal space and heavy external financing needs remain particularly exposed to global shocks such as rising energy prices and tighter financial conditions.Pakistan, now assessed under a broader regional grouping rather than South Asia, fal…
New Delhi, April 2 (IANS) The domestic automotive metal forming market of India is projected to nearly double to $90-95 billion by FY30, growing at around 12 per cent annually, as global supply chain realignments drive value concentration toward process-led manufacturers, a report has said.As per Avendus Capital analysis, India’s auto component industry — casting, forging, stamping and machining — crossed $80 billion in size in FY25 and turned a net exporter during the year, with exports reach…
Washington, April 2 (IANS) US President Donald Trump has said that countries that depend on key global routes should take responsibility for securing them. He questioned why the United States should continue to police critical energy corridors such as the Strait of Hormuz.“Let China do it. Let Japan do it. Let South Korea do it… what the hell are we doing it for?” Trump said in his remarks at a White House Easter lunch. The video of the event was posted by White House on its YouTube channe…
Washington, March 31 (IANS) US Trade Representative Jamieson Greer said on Tuesday that the US is largely shielded from supply chain disruptions stemming from tensions in the Strait of Hormuz, but these disruptions are impacting key Asian economies. “Right now, I think the thing to understand is that the United States is generally insulated from a lot of the supply chain effects when it comes to… direct commodities,” Greer told Bloomberg in an interview, noting reliance on “domestic sourcing” …