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Indian

India’s $476 billion forex firepower can help arrest rupee’s panic drop

Mar 5, 2020

Citibank on Wednesday said the rupee appeared to have over-reacted to confirmation of the new virus cases and it recommends buying bullish rupee exposure via options. India’s link to the global supply chain is limited and the current-account deficit may narrow due to the virus’ impact on economic activity and lower commodity prices, strategist Gaurav Garg wrote in a note.

IRDAI proposes 10-15% hike in 3rd party motor premiums from Apr 1

Mar 5, 2020

A discount of 15 per cent is proposed for electric private cars, elctric two wheelers, electric goods carrying commercial vehicles and electric passenger carrying vehicles. The proposed discount will incentivize usage of environmental friendly Vehicles, said IRDAI..

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