PM Modi told the diaspora in Paris that soon Indian tourists will be able to pay in rupees via UPI in Paris. The service will first begin from Eiffel Tower.
Stock markets: The 30-share BSE Sensex climbed 391.48 points to 65,785.38 in early trade. The NSE Nifty went up by 111.3 points to 19,495.60.
Stock markets: The 30-share BSE Sensex jumped 356.13 points to 65,700.30 in early trade. The NSE Nifty climbed 102.45 points to 19,458.35.
Stock markets: The 30-share BSE Sensex climbed 54.09 points to 65,500.13 in early trade. The NSE Nifty went up by 21.15 points to 19,419.65.
Stock markets: The 30-share BSE Sensex jumped 280.62 points to 63,198.25 in early trade. The NSE Nifty climbed 82.8 points to 18,770.90.
Stock markets: The 30-share BSE Sensex jumped 418.45 points or 0.67 per cent to settle at 63,143.16. Meanwhile, the NSE Nifty climbed 114.65 points or 0.62 per cent to end at 18,716.15.
India and the UAE already implemented a free trade agreement (FTA) in May last year to give a boost to bilateral trade and economic ties.
Stock markets: The 30-share BSE Sensex climbed 174.2 points to 63,317.16 in morning trade after the monetary policy announcement. The NSE Nifty advanced 49.2 points to 18,775.60.
Stock markets: The 30-share BSE Sensex climbed 235.1 points to 63,027.98. The NSE Nifty advanced 77.05 points to 18,676.05. Meanwhile, the rupee gained 8 paise to 82.52 against the US dollar in early trade on June 7.
Stock markets: The 30-share BSE Sensex climbed 291.3 points to 62,719.84 in early trade. The NSE Nifty advanced 85.95 points to 18,573.70. Meanwhile, Asian and US markets were also trading in green.
Stock markets: Extending their previous day's rally, the 30-share BSE Sensex climbed 178.34 points to 62,050.96 in early trade. The NSE Nifty gained 51.1 points to 18,372.
Among the Sensex firms, HDFC, HDFC Bank, Maruti, IndusInd Bank, Larsen & Toubro, Mahindra & Mahindra, Bharti Airtel and ITC were the biggest laggards. Bajaj Finance, Infosys, Bajaj Finserv, Wipro, Asian Paints and Tata Consultancy Services were among the major gainers.
We need to use this (Indian Rupee) money. But for this, these rupees must be transferred in another currency, and this is being discussed now," said Russian Foreign Minister.
The Reserve Bank of India (RBI) has approved 60 requests to open Special Rupee Vostro Accounts (SRVAs) of correspondent banks from 18 countries, including the UK, Singapore, and New Zealand.
The local unit, in the interbank market, closed at 287.29 against the US dollar, 0.78 per cent or Rs 2.25, down from Monday’s close of 285.04.
The top Russian official stressed that both nations should work to obtain a new medium for payment and added digital payment could be the "most promising" and "most viable" option for both nations.
The bureaucrat was responding to a question about whether India will be looking at the upcoming G-20 meeting of the trade and investment group as a platform to boost rupee trade.
Union Budget 2023: According to reports, the domestic unit opened at 81.76 against the dollar, registering a rise of 12 paise over its previous close at the interbank foreign exchange
According to Forex traders, the rupee has been the best performer among Asian currencies.
Rajeswari Sengupta, an associate professor at IGIDR, said the rupee is expected to trade at 84 to a dollar and even plumb to 85 in the second half of the next year, only if the Reserve Bank of India (RBI) stops intervening in the money market.
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