Business Recorder

Indian rupee closes marginally weaker ahead of crucial central bank rate review

MUMBAI: The Indian rupee dipped on Thursday, extending a two-session decline, ahead of Friday’s all-important Reserve Bank of India monetary policy review, where traders are widely anticipating steps to support the currency. The Indian rupee close…

#IndianRupee

Business Recorder

Indian shares muted ahead of crucial RBI policy decision

Indian shares ended flat on Thursday as escalating U.S.-Iran hostilities and conflicting truce signals kept investors cautious ahead of a high-stakes central bank meeting, with war-fuelled inflation risks high on policymakers’ minds. The benchmark…

#IndiaEconomy #RBIPolicy

Business Recorder

Asia rice: Vietnam prices rise on El Nino concerns; Bangladesh rates stay high amid heatwave

Vietnamese rice rose this week as concerns over potential El Nino-related impacts on production weighed on prices, while rates in Bangladesh remained elevated as the country battles a heatwave. Vietnam’s 5% broken rice was offered at $415-$420 per…

#RicePrices #Heatwave

Business Recorder

Construction sector: Govt to reduce duties on specialised vehicles and machinery

The government has decided to reduce customs duties on specialised vehicles and machinery to promote the construction sector. Moreover, to provide facilities for the pharmaceutical sector, customs duty will be eliminated on raw materials, especial…

#ConstructionSector #TaxReduction

Business Recorder

Palm slips over 1% on weak demand, soft soyoil and crude oil

KUALA LUMPUR: Malaysian palm oil futures settled more than 1% lower on Thursday, reversing gains from the previous session, as subdued export demand, along with weaker soyoil and crude oil prices, pressured the market. The benchmark palm oil contr…

#PalmOil #SoyOil #CrudeOil

Business Recorder

Rupee records gain against US dollar

Rupee’s Performance Against US Dollar Since 04 March 2025 The Pakistani rupee appreciated 0.01% against the US dollar in the inter-bank market on Thursday. At close, the local currency settled at 278.42, a gain of Rs0.03 against the greenback. On …

#Rupee #Dollar

Business Recorder

India sees ‘perfect complimentarity’ with Venezuela in energy trade amid Gulf crisis

NEW DELHI: India and Venezuela sought to boost their ties in the energy sector on Thursday with New Delhi saying that Caracas sees it as a preferred partner in the sector at a time global oil supplies have been disrupted by the Middle East crisis….

#India #Venezuela #EnergyTrade #GulfCountries

Business Recorder

India’s Rajesh Exports chair asserts accuracy of financials after SEBI allegations

Financial disclosures of India’s Rajesh Exports over the years were correct, its chairman told Reuters on Thursday, a day after the country’s markets regulator alleged the jeweller inflated the scale of its revenue through unverified overseas enti…

#RajeshExports #SEBI

Business Recorder

Pakistan retains all options to safeguard its rights under IWT: FO

Pakistan has categorically affirmed that it retains all options necessary to safeguard its rights and entitlements under the Indus Waters Treaty (IWT) and protect its vital national interests. This was stated by Foreign Office Spokesperson, Tahir …

#FO #IndusWaterTreaty

Business Recorder

Iran’s Khamenei warns against divisions after ‘enemy’s defeat on battlefield’

DUBAI: Iran’s Supreme Leader Mojtaba Khamenei ​said in a message ‌on Thursday that Iran’s enemies, having been defeated ​on the battlefield, ​were now seeking to ⁠undermine public resilience and ​sow internal divisions. Khamenei ​called for nation…

#Tehran #Khamenei