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Rupee up 10 paise to 68.42 against US dollar

Rupee up 10 paise to 68.42 against US dollar

Mumbai – The rupee pared its initial gains, while trading 15 paise higher at 68.42 against the American currency in late morning deals on continued bouts of dollar selling from banks and exporters. The rupee resumed sharply higher at 68.32 from yesterday’s closing level of 68.57 at the inter-bank foreign exchange here. The Indian unit

India's external debt rises over $529 bn

India’s external debt rises over $529 bn

Mumbai (IANS) – India’s total external debt for the quarter ended March 2018 rose on a year-on-year basis by over 12 per cent to $529.7 billion, official data showed on Friday. According to the RBI, external debt rose to $529.7 billion from $471.3 billion reported for the corresponding period of 2017, on the back of