1 in indian rupees8/13/2023 ![]() The central bank is widely expected to leave the repo rate unchanged at 6. The rupee is trading in a narrow range as market participants are vigilant ahead of the RBI's monetary policy later this week. MUMBAI: The rupee consolidated in a narrow range to settle just 1 paisa higher at 82.62 (provisional) against the US dollar on Tuesday amid a muted trend in domestic equities. On the domestic equity market front, the 30-share BSE Sensex advanced 5.41 points or 0.01 per cent to end at 62,792.88 points, and the broader NSE Nifty rose 5.15 points or 0.03 per cent to 18,599.00 points.įoreign Institutional Investors (FIIs) were net sellers in the capital market on Monday as they offloaded shares worth Rs 700.98 crore, according to exchange data. Headed by Reserve Bank Governor Shaktikanta Das, the six-member Monetary Policy Committee (MPC) will meet for three days and the decision would be announced on Thursday. Global oil benchmark Brent crude futures declined 1.60 per cent to USD 75.48 per barrel.įorex traders said the Reserve Bank's rate-setting monetary policy panel began deliberations on Tuesday. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.12 per cent to 104.12. On Monday, the rupee closed at 82.63 against the US currency. The Indira Gandhi Centre for Indian Culture (IGCIC), one of the main institutions of ICCR and inaugurated in March 2000, has established itself as a key location for the promotion of cultural events in Mauritius.A strengthening greenback in the international markets also kept pressure on the domestic unit, forex traders said.Īt the interbank foreign exchange market, the local unit opened at 82.56 against the US dollar and settled at 82.62 (provisional), up 1 paisa over its previous close.ĭuring the day, the domestic unit witnessed an intra-day high of 82.56 and a low of 82.66. Since 2007, India has been one of Mauritius's top trading partners and exporters of goods and services. Successive Mauritian leaders have made sure that India plays a significant role in Mauritius' foreign policy priorities and actions. Diplomatic ties between these two nations were established in 1948. The term "India-Mauritius Relations" refers to the connections that exist between the Republic of India and the Republic of Mauritius on a historical, political, economic, military, social, and cultural level. Over the past five years, Indian businesses have invested more than $200 million in Mauritius. DTAC amendment was signed in 2016 with Mauritius becoming India's third-largest source of FDI, with inflows ranging from USD 15.72 billion in 2016–17 to USD 9.39 billion in 2021–22. Due to the Double Taxation Avoidance Convention (DTAC), FDI totaling USD 161 billion came from Mauritius to India between the years 20, accounting for 26% of all FDI inflows into India. Among the world's major economies, India has one of the most open and liberal policies toward foreign direct investment. The economic policies of Mauritius have placed a lot of focus on promoting investment in order to create a stable economic climate. INR Exchange Rates Central Bank of India Historical Exchange Rates For Canadian Dollar to Indian Rupee 120-day exchange rate history for CAD to INR Quick Conversions from Canadian Dollar to Indian Rupee : 1 CAD 61. ![]() The trade partnership between India & Mauritius has grown manifold since the CECPA with numerous development activities and projects ranging from the social to the cultural, encompassing education, capacity building, trade & security. The most commonly used symbols for the rupee are, Rs and Rp. Mauritius is exporting Agri Products, Agro Processed, Seafood, Spirits, Textile & Apparel, and Medical Devices to the Indian market which holds enormous potential & demand. The CECPA is the first trade Agreement signed by India with a country in Africa to encourage preferential access to various products of Mauritius across diversified sectors in the Indian market. The Comprehensive Economic Cooperation and Partnership Agreement between India & Mauritius entered into force on 01st April 2021 to strengthen trade relations between the two nations by creating opportunities to increase business partnerships.
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