Why SCO matters?

India will attend the SCO summit in Qingdao, China on June 9-10 as a full member.

Rupee hits 15-month low

The rupee plunged below the 67-mark to close at a 15-month low of 67.13 against the US dollar as crude oil prices zoomed past the $75 per barrel level and demand for the dollar surged.

RBI allows FPIs to buy T-bills

The Reserve Bank of India (RBI) said Foreign Portfolio Investors (FPIs) will be allowed to invest in treasury bills issued by the government in a move that could lead to more foreign portfolio investment in India.

Rising gold demand in India

Following a normal monsoon and the government’s efforts to raise rural incomes, the demand for gold in India, one of the world’s largest consumers, is expected to improve following a normal monsoon and the government’s efforts to raise rural incomes.

Manufacturing growth improves slightly : PMI

Driven by a rise in new business orders amid favourable demand conditions, and easing inflationary pressures, India’s manufacturing sector activity improved marginally in April.