The rupee fell 11 paise amid a strong US dollar, rising Brent crude prices ($69.53/barrel), and foreign fund outflows. ECB’s unchanged rates and US economic resilience added pressure. Experts warn of further volatility.
The much awaited Free Trade Agreement (FTA) deal between India and the United Kingdom (UK) may be signed next week. This deal will not only be beneficial for small traders and exporters of India, but will also open new avenues of employment and investment.
China’s national legislature on Friday passed a new foreign investment law that aims to improve transparency and ensure a level playing field for domestic and foreign businesses.
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