Pakistan's government has agreed to increase the policy interest rate by 2% or 200 basis points to meet another condition set by the International Monetary Fund to unlock USD 1.1 billion of the bailout package. Amid an unprecedented economic crisis in the country, Pakistan Prime Minister Shehbaz Sharif instructed the Ministry of Foreign Affairs to cut the number of foreign …
Rupee vs dollar: On expectations of 25 bps to 50 bps interest rate hike in the European Central Bank monetary policy meeting scheduled on 21st July 2022 and dollar index trading slightly lower in early morning session, Indian National Rupee gained 6 paise against the US dollar and ascended to 79.76 levels on Monday. According to currency experts, dollar index …
Even as the earnings season is going on and companies are disclosing their financial results, IT major Wipro is going to disclose its results on Friday. HDFC Securities in a report said, “Factored IT services USD revenue growth of 11 per cent over FY22-24E following 27 per cent growth in FY22E and EPS CAGR of 12 per cent over FY22-24E, …
The ongoing crisis in Ukraine is set to push the country's import bills beyond the $600-billion mark this fiscal, given India's import dependence on crude oil, natural gas, gems and jewellery, edible oils and fertilizers, which can lead to a spike in inflation and current account deficit, and a falling rupee, India Ratings warned in a report. The rating agency …
