New Delhi, Feb 24 (IANS) India’s aviation industry is expected to cut net losses by one-third to Rs 110–120 billion in 2026‑27 as domestic passenger traffic growth will recover to 6–8 per cent, a report said on Tuesday.The report from ICRA said the current losses at Rs. 170–180 billion will see a huge cut as domestic traffic touches 175–179 million passengers in 2026-27.The international air passenger traffic growth for Indian carriers is expected to remain relatively stronger, aided…
Latest Rupee-Dollar Exchange Rate News & Updates
Mumbai, Feb 3 (IANS) The Indian rupee surged over 1 per cent on Tuesday, trading at 90.29 to the US dollar, following an India-US trade agreement that sparked investor optimism and prompted foreign inflows.The local currency had closed at 91.53 on Monday, reaching a two-week high to gain 48 paise in the prior session, after the Reserve Bank of India reportedly intervened in the spot market.Analysts said the rupee’s surge to the dollar pair was higher before it consolidated 90.20–91.20 zone. …