Thursday, November 21

Tag: Dollar

Indian Rupee Likely to Stabilise at 68-69 Against Dollar
19Aug By PriyankaNo Comments
INDIA

Indian Rupee Likely to Stabilise at 68-69 Against Dollar

Kolkata: The rupee is expected to stabilise at 68-69 per US dollar, riding on positive capital inflows, Economic Affairs Secretary Subhas Chandra Garg said on Saturday. The rupee, Asia’s worst performing currency, touched an all-time low of 70.09 against the dollar on Tuesday. The current turmoil in Turkey, triggered by US sanctions, had not affected the perception of India, Gard said. The flow of foreign portfolio investments (FPI) had not altered either and there had been no outflow in July, he added. During the first three months, there had been an outflow of capital and in the last year, the total outflow was around $20 billion. “If oil prices do not rise further, the chances of the rupee stabilising at 68-69 level is more,” according to Garg. When asked how the rupee will be ...
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17Nov By Press Trust of IndiaNo Comments
CHINA

China FDI – $98 Billion in Ten Months, 600 Companies Invested Over $100 Million

FDI in China rose 4.2 percent year on year to reach around USD 98 billion in the first ten months of the year with service sector attracting massive investments, unlike manufacturing which suffered over capacity, official data said today. The growth rate is unchanged from the January-September period, according to the Ministry of Commerce. The service industry continued to attract massive foreign investment from January to October, said Tang Wenhong, head of the ministry's foreign investment division. The FDI rose 4.2 percent to reach 666.3 billion yuan during initial ten months. In the service sector, which accounted for 70.7 percent of all investment, FDI increased 9.1 percent year on year during the period. In particular, FDI in high-tech services skyrocketed 90.2 percent from a y...
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