Financial

Indian Rupee Closes at Record Low

The Indian rupee closed at a near-record low, Monday, falling to nearly 54 to the dollar. The fall was linked to global aversion to risk, largely stemming from the Greek elections, and a domestic wholesale inflation rate that reached 7.2% in April. The rate also… Read More

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Financial

Men’s Apparel PPI Continues to Surge

The increase in April producer prices of apparel outpaced those of all goods for the second month in a row. PPI, which measures the average change in the selling prices received by domestic producers for their output, increased by 1.9%, marking a seventh consecutive month… Read More

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