India's economic growth slowed to 8.4 per cent in the second quarter of 2021-22, mainly due to waning low base effect, official data showed on Tuesday. The GDP growth in April-June quarter this fiscal stood at 20.1 per cent. The Indian economy had contracted by 24.4 per cent in April-June last year.
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The Indian currency had hit record low of 57.32 against a dollar in June last year.
After hitting a record low of 68.85 to the dollar last week, a Reuters poll suggests the rupee will stabilise at 66 to the dollar by the end of September, while technical charts also point to a period of relative calm.
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The rupee tumbled past 63.00 to the dollar, down about 2 per cent on the day and breaching the previous low of 62.03 hit on Friday despite a spate of measures in recent weeks by the central bank and government to defend it.
Norway nabbed the first gold medal of the Winter Games on Saturday
It is a sharp depreciation in rupee valuation against the US dollar that has led to this steeper fall in the Dollex.
The manufacturing sector during the fourth quarter recorded a growth rate of 9.3 per cent while the farm sector grew at 2.3 per cent.
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The central bank was seen selling dollars consistently when the rupee would approach the record low of 68.86 hit on August 28.
Summary of sports events and persons who made news on Thursday
Investors were seen in a cheerful mood and widened their positions in frontliners as well as midcap and smallcap stocks to mark the beginning of their new accounts
Specially designated global terrorist Sirajuddin Haqqani, who carries a reward of $10 million US bounty on his head, is the acting interior minister while his uncle -- Khalil Haqqani -- has been named as acting minister for refugees.
In New York market, the dollar fell further against the euro yesterday after minutes from the Federal Reserve's March meeting detailed risks that could keep interest rates depressed even after the first rate hike.
During the six-month period (April-September 2019), the Indian economy grew 4.8 per cent as against 7.5 per cent in the same period a year ago.
India's economy grew by 1.6 per cent in the fourth quarter of 2020-21, restricting the full-year contraction to 7.3 per cent, official data showed on Monday. The fourth quarter growth was better than the 0.5 per cent expansion in the previous October-December quarter of 2020-21. The gross domestic product (GDP) had expanded by 3 per cent in the corresponding January-March period of 2019-20, according to data released by the National Statistical Office (NSO).
Images from Day 1 of the 2022 US Open at the USTA Billie Jean King National Tennis Center, in Flushing Meadows, New York, on Monday.
All the results from the I-League and ISL matches played on Sunday
We understand the electoral compulsions, the desperate need for the BJP to have at least 50 per cent of the Hindus vote for them in Uttar Pradesh in a few months. For that, you need polarisation, put your own Muslim compatriots on the 'other' side. This is how your domestic politics runs contrary to your national, strategic interest, warns Shekhar Gupta.
Varsha Bhosle salutes that effervescent icon of Indian cinema, Dev Anand.
Over 1.03 crore voters will decide the political fate of 306 candidates in this phase.
It was the 12th day in a row that US military planes have approached the mainland coast, the report said.
This whirlwind of activity only confirms that rushing around creating an impression of pompous busy-ness is not the same thing as solving problems, argues Mitali Saran.
Donald Trump delivered his maiden State Of The Union address, an annual message presented by the United States President to a joint session of the congress. Trump's State of the Union address was originally slated to last an hour, but the president went substantially longer. The longest SOTU address was Bill Clinton's 2000 speech, which lasted 1 hour, 28 minutes, 49 seconds.
The Sensex ended up 380 points at 27,888 and the Nifty advanced 111 points to end five points shy of 8,400.
IMAGES from the US Open matches played on Day 1 at the Flushing Meadows in New York on Monday.
India's foreign exchange reserves surged $5.04 billion in the week ending March 28, its biggest weekly rise in four months, as the central bank started to buy dollars regularly in an effort to build up its defences against any potential global turmoil.
The Arsenal forward broke the record just five minutes into the match, taking his tally to 38 with his national side at the Kazan Arena, Kazan.
The move came as the country badly needs capital inflows as the rupee comes under pressure
P V Sindhu opens her campaign in the China Open women's singles against Evgeniya Kosetskaya of Russia, in Fuzhou, China, on Tuesday.
10 central trade unions have called a nationwide shutdown against 'anti-worker policies' of the central government. Apart from being successful in Bengal, Kerala and NE states, the bandh has also got support from Cong leader Rahul Gandhi and Shiv Sena in Maharashtra.
Kolkata police on Thursday issued a look out notice against Ambia Sohrab, Sambia Sohrab and their father former RJD MLA Mohammed Sohrab.
Caroline Wozniacki overcame a mid-match wobble and withstood a barrage of big hitting to get her WTA Finals title defence back on track with a 7-5, 3-6, 6-2 victory over Petra Kvitova at the Singapore Indoor Stadium.
Improved performance of manufacturing, services and trade sectors helped boost GDP
Trade sanctions on Russia by Europe and the US offer an opportunity for India, but the devaluation of the rouble may play spoilsport
NSO has pegged economic growth at 5 per cent in 2019-20 in its second advance estimates.
'The past year has yielded extraordinary results in the strategic, commercial, and people-to-people components of the India-United States partnership, US Ambassador to India Richard Rahul Verma tells Aziz Haniffa/Rediff.com in an exclusive interview.
Non-performers were not punished, performers were not rewarded, points out Utkarsh Mishra.
The judgement in the over 13-year-old case, whose trial saw many twists and turns, can make or mar the career of the actor on whom ride investments of over Rs 200 crore.
Images from Monday's action at the French Open.
Tillerson said China's behaviour and action is "posing a challenge to the rules-based international order".
Sensex firm on favourable GDP numbers for FY16.
