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Parliament Watch: FM on rupee, `16.1 lakh cr fuel taxes, India-US trade talks and more
Rupee depreciation is influenced by rising crude oil prices and reduced capital account support. India monitors US trade policy changes and remains engaged with Washington after a recent trade deal. Single-brand retail FDI has seen a slump, while multi-brand retail FDI experienced an increase. The textile PLI scheme has attracted significant investment and generated numerous jobs. Fuel taxes have fetched the government substantial revenue over the past five years.
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economictimes.indiatimes.com
Rupee hits two-month low, oil prices remain focal point
The Indian rupee hit a two-month low on Monday as oil prices hovered around ninety dollars per barrel. In an effort to stabilize the currency, the Reserve Bank of India intervened…
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Rupee hits two-month low despite RBI intervention as crude oil surge weighs
The Indian rupee fell to a two-month low against the dollar on Monday. This decline occurred despite significant interventions by the central bank. Rising crude oil prices are…
