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02.05.26 - 04:12
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Banks should get more active in offshore rupee trade: RBI (Times of India)
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RBI Governor Sanjay Malhotra urged Indian banks to become global market-makers, aiming to bring rupee price discovery onshore. This move seeks to counter offshore non-deliverable forward markets' influence on the rupee and reduce arbitrage. Malhotra also highlighted the need for improved liquidity in government securities and expanded access to the FX retail platform for fair customer deals....
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02.05.26 - 04:12
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At $4.9 trillion, Nvidia beats listed Indian companies′ market-cap (Times of India)
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US chipmaker Nvidia's market capitalization has surpassed India's total listed company valuation. While Nvidia's value surged due to AI demand, India's market cap remained stagnant, impacted by foreign fund outflows and a weakening rupee. This shift highlights global tech's dominance over emerging markets, despite India's earlier peak valuations....
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02.05.26 - 04:12
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Over the moon excited about India, says Tim Cook (Times of India)
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Apple's India business is booming, with double-digit growth across iPhones, iPads, and Macs. CEO Tim Cook expressed immense excitement about the market's potential, highlighting India as the second-largest smartphone and third-largest PC market globally. Growth is fueled by first-time buyers and expanding reach into smaller cities, with analysts predicting significant market share gains....
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01.05.26 - 11:06
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Jobs are up, but so is the gap: Decoding India′s wage reality (Times of India)
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While India's workforce participation has increased, a deeper look reveals significant disparities. More people are working, but many are in self-employment or informal roles with uncertain incomes. Gender and location heavily influence access to stable, well-paying jobs, highlighting a critical imbalance in job quality and opportunity....
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01.05.26 - 09:42
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Top Russian & Indian Think Tanks Devised A Plan For Rebalancing Economic Relations (ZeroHedge)
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Top Russian & Indian Think Tanks Devised A Plan For Rebalancing Economic Relations
Authored by Andrew Korbybko via Substack,
Sanctions, bureaucracy, and logistics are the primary obstacles to “diversifying economic ties and correcting the existing imbalance”, but these can be surmounted through SMEs playing a greater role, more localization and procedure simplifications, and optimizing their trade corridors.
The Russian International Affairs Council (RIAC) and Gateway House, which are among their country's top think tanks, published a joint report in late March about moving “Toward More Balanced Russia–India Economic Relations” for the second Russia-India International Conference. It's over 40 pages long so this piece will highlight the top takeaways and then briefly analyze them. The report began by acknowledging the challenges posed by US sanctions for reaching their goal of $100 billion in bilateral trade by 2030.
The solution that was presented, especially for the oil and finan...
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01.05.26 - 04:00
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Rupee breaches 95 intra-day as crude leaves markets guessing (Times of India)
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The rupee hit a record low of 95.33 against the dollar on Thursday, driven by surging crude oil prices and concerns over inflation and capital flows. Suspected RBI intervention helped the currency recover to close at 94.91, though it remains under pressure. The outlook for the rupee is closely tied to the trajectory of global oil prices....
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