Trade  

The recently-held informal summit between the Chinese President Xi Jinping and Indian Prime Minister Narendra Modi included an announcement about the setting up of a high-level economic and trade dialogue mechanism to discuss issues related to trade imbalances, investment, and services. The high-level trade-centric mechanism comes as no surprise, given the galloping trade deficit between the two countries and the pending status of the Regional Comprehensive Economic Partnership Agreement (RCEP) negotiations since 2012.

The Indian rupee appreciated by 16 paise to 70.65 against the US dollar in early trader. On Friday, the rupee had finished at 70.81 against the US currency.

The Regional Comprehensive Economic Partnership (RCEP) is a proposed free trade agreement among 10 ASEAN countries and their six FTA partners

Prime Minister Narendra Modi welcomed the recent decision to review the India-ASEAN Free Trade Agreement (FTA) which he said will deepen economic cooperation

Chinese goods worth Rs 3,200 crore were sold in the run up to Diwali in India this year, said Confederation of All India Traders on Thursday

 

Mary Kom will represent the Asian bloc in the ambassadors group for Tokyo Olympics, which also comprise the likes of Ukrainian legend Vasyl Lamachenko (Europe), a two-time Olympic and world gold-medallist who now plies his trade in the professional circuit, and five-time world champion and 2016 Olympic gold-winner Julio Cesar La Cruz (Americas) among others

The Indian rupee appreciated by 9 paise to 70.81 against the US dollar in early trade. However, rising crude oil prices capped the gains for the domestic unit.

The Indian rupee opened 11 paise lower to 70.95 against USD in early trade. On Tuesday, the rupee had settled at 70.84 against the US dollar.
 

The Indian rupee gained 14 paises at 70.74 per dollar. On October 25, the rupee gained 14 paise and settled at 70.88 against the US dollar. 

Ram Madhav, Bharatiya Janata Party’s (BJP) national general secretary said that terrorists are harming the interests of locals by attacking the traders in Jammu and Kashmir

Indian rupee opened at 71.06, 4 paise lower than its previous closing, against the US dollar in early trade. The Indian rupee on Thursday closed at 71.02 against the US dollar.

The Indian rupee rose by 21 paise to 70.70 against the US dollar in early trade. On Wednesday, rupee had settled at 70.91 against the US dollar. The domestic unit however could not hold on to the gains and was trading at 70.87 against the dollar at 1006 hrs.
 

The US is today our most important partner overall in terms of trade, investment, services and technology, not to mention a growing defence relationship. Our people-to-people ties are the closest taking into account the quality of our diaspora, the number of Indian students and cultural flows. However, that does not make the relationship easy. The US as a global power has foreign policy priorities that differ from ours. The US is more important to us as a partner than India is for the US and, therefore, it can make more demands on us than we can make on it, and apply more pressure points.

The rupee fell 9 paise against the US dollar in early trade on Wednesday morning. The Indian rupee on Tuesday had closed at 70.94 against the US dollar.

On account of the Maharashtra Assembly election, the Forex market on Monday (October 21) remained closed