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Avoid Settling Trade In Chinese Yuan, Government Tells Banks & Traders: Report

Banks and traders and India have been asked by the union government to avoid settling Russian imports using Chinese yuan, Reuters reported quoting three government officials and two banking sources. Three government officials said that India, which has emerged as a top buyer of Russian oil as well as discounted coal, would prefer the use of United Arab Emirates dirhams to settle trade, the report added. -- aaa
Jammu And Kashmir United Arab Emirates New Delhi Avoid Settling Trade In Chinese Yuan Government Tells Banks Tech Cement
Source: india.com

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Sensex, Nifty pare early gains to settle lower for 2nd straight session

Benchmark equity indices Sensex and Nifty pared early gains to close lower by over half a per cent on Monday due to losses in oil gas and banking shares amid concerns over further uptick in interest rates.Falling for the second straight session, the BSE Sensex closed lower by 311.03 points or 0.51 per cent at 60,691.54.
Hong Kong South Korea Bharti Airtel Vinod Nair Head Of Research At Geojit Financial Services Axis Bank

Sensex declines nearly 400 points in initial trade on weak global markets

The NSE Nifty fell 108.4 points to 17,927.45 points.Nestle, IndusInd Bank, Tech Mahindra, Wipro, HCL Technologies, Infosys, Tata Consultancy Services, HDFC and HDFC Bank were among the laggards in the Sensex pack.UltraTech Cement, Larsen Toubro, Tata Steel, Asian Paints and Reliance were among the gainers.In Asian markets, Japan, South Korea, Hong Kong and China were trading lower.The US markets had ended sharply lower on Thursday.There is a clear pattern to the trends from the mother market, U...
Hong Kong South Korea Larsen Toubro Investment Strategist At Geojit Financial Services Indusind Bank Tata Steel

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