Euro lurches closer to dollar parity

Last Updated: Thursday, March 12, 2015, 21:39

The euro lurched closer to parity with the dollar Thursday, in a boost to eurozone exporters battling deflation risks at home.

Rupee ends higher for the 2nd consecutive day vs USD, up 3p

Last Updated: Monday, February 16, 2015, 19:07

The rupee today ended higher for the second consecutive day, moving up by another 3 paise to close at 62.16 against the dollar on continued selling of the US currency by banks and exporters.

Engg exporters unhappy over move to replace credit refinance

Last Updated: Monday, February 16, 2015, 17:57

A section of exporters have expressed displeasure over the RBI's decision to replace export credit refinance facility with the provision of system level liquidity from February 7, saying this will discourage banks to disburse credit when the key lending rate falls.

Rupee trims early gains, still up by 14 paise Vs USD

Last Updated: Friday, February 13, 2015, 11:44

The rupee pared its early gains, but was still higher by 14 paise against the US dollar at Rs 62.14 in late morning trade today on sustained bouts of dollar selling by banks and exporters.

Around 12 million tonnes of iron ore stuck at Indian ports

Last Updated: Wednesday, February 4, 2015, 11:31

Around 12 million tonnes of low-grade iron ore has been stuck at Indian ports for months, stranded as hefty export taxes and plunging prices make higher quality ore more appealing to buyers, said industry and government officials.

Ease of doing biz: Exporters can use credit cards to pay fee

Last Updated: Tuesday, February 3, 2015, 13:37

To further improve the ease of doing business in India, the Commerce Ministry is taking steps that include allowing exporters and importers to make the payment of fee through debit or credit cards.

Commerce Ministry calls meeting with jewellers on gold import issues

Last Updated: Tuesday, January 6, 2015, 20:24

The Commerce Ministry has called a meeting of gems and jewellery exporters Wednesday to discuss issues regarding gold imports for the sector.

Asian shares fall to nine-month low as oil prices sink

Last Updated: Monday, December 15, 2014, 12:44

Global shares prices came under pressure on Monday as oil prices briefly sank to fresh 5-1/2 year lows in choppy trade, doing little to allay concerns that some energy producers and exporters could find themselves in dire straits as revenues slump.

After sluggish 2014, India awaits 'promising' 2015 for exports

Last Updated: Monday, December 15, 2014, 11:13

The overall exports during the first ten months of calendar year 2014 stood at about USD 270 billion.

IMF says lower oil prices positive for global economy

Last Updated: Tuesday, December 2, 2014, 05:20

Falling oil prices are positive for the global economy as a whole, though they may hurt individual commodity exporters, IMF Managing Director Christine Lagarde said on Monday.

EEPC seeks FinMin intervention for release of duty claims

Last Updated: Thursday, January 9, 2014, 17:08

Worried over rising duty refund claims, which have touched over Rs 5,000 crore, engineering exporters on Thursday sought urgent intervention of the finance ministry saying that it will impact shipments.

World manufacturing ends 2013 on a strong note

Last Updated: Friday, January 3, 2014, 12:54

Global manufacturing ended 2013 on a strong note, as major exporters like the United States, Japan and Germany all saw demand pick up, although China's performance remained modest, surveys showed on Thursday.