SCO & BRICS latest news and insights
By Rhod Mackenzie
The Indian rupee begins trading on Thursday, February 1, with a slight decline against the American currency - by 0.08%, to 82.97 per dollar. Overall, the pair has traded around 83 per dollar since mid-January, slightly weaker than its four-month high of 82.8 reached on January 1...
By Rhod Mackenzie
Foreign portfolio investors withdrew $3.4 billion worth of assets from India in January, the highest level in the past 12 months, Business Standard reports .
“Foreign portfolio investors sold $3.4 billion worth of shares in January this year, the highest in 12 months,” the artic...
By Rhod Mackenzie
The January release of the IMF's flagship quarterly forecast, the World Economic Outlook, was notable for the upward revaluation of forecasts for the economic dynamics of most of the major economies in the world. Global economic growth is now estimated at 3.1% in 2024, up from 2....
By Rhod Mackenzie
The Russian Foreign Minister Sergei Lavrov stated that, like many Eurasian states, Russia is interested in transport corridors and the creation of logistics transport chains that are not subject to Western policies.
According to the head of the Russian Foreign Ministry, like mo...
By Rhod Mackenzie
Bilateral trade between India and Russia was $50 billion in the fiscal year 2022-23 (ended March 31) and is expected to increase in the current period. The Minister of Ports, Shipping and Waterways of India, Sarbananda Sonowal, stated to the TASS agency.
Our bilateral partnersh...
By Rhod Mackenzie
The Indian Minister of Petroleum and Natural Gas, Hardeep Singh Puri, confirmed that the country purchases Russian oil at market prices. The decrease in purchases is due to the fact that oil from Saudi Arabia, the UAE, and Iraq is currently cheaper. According to the managing dire...
