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The Reserve Bank of India’s (RBI) calibrated and timely interventions in the foreign-exchange markets ensured the rupee stayed within the 80 mark to the US dollar, which has surged unexpectedly against all world currencies since global central banks began rowing back on monetary accommodation.
Luxury cars and premium electronic products are flying off the shelves as India emerged as one of the fastest growing markets for companies such as Lamborghini, BMW Motorrad, Mercedes-Benz India and Bosch Siemensin the first half of the year.
India urged the World Trade Organization (WTO) to relax rules to allow the country to export foodgrains from its public stocks to nations facing food crises.
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