Buisness - PioneerNewz

Rupee falls 1 paisa to close at 83.55 against US dollar

June 14, 2024 by James De Niro

Mumbai: The rupee consolidated in a narrow range and settled 1 paisa lower at 83.55 against the US dollar on Friday, June 14, as positive domestic markets and a decline in crude oil prices supported the rupee, while strong US Dollar and FII outflows capped sharp gains. Forex traders said the rupee was seen as … Read more

India’s industrial output growth slips to 3-month low of 5 pc in April: Report

June 12, 2024 by James De Niro

New Delhi: India’s industrial production growth slipped to a 3-month low of 5 percent in April 2024, mainly due to poor performance by the manufacturing sector, though mining and power segments performed well, according to official data released on Wednesday, June 12. Factory output growth, measured in terms of the Index of Industrial Production (IIP), … Read more