Archive

  • Rapaport Analysis: Indian Manufacturers Feel the Pinch

    13/07/2024 09:01

    In an extensive analysis, Rapaport's Joshua Freedman takes stock of market sentiment in India and the US. While Indian manufacturers are feeling the pinch of bloated inventories, weak demand and sharp declines in polished prices, struggling to sell even at reduced prices, US traders have more flexibility in aligning supply to actual demand, Rapaport states.

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    Finance and Trade

  • India's Diamond Industry Asks Govt for Payment System with Russia

    13/07/2024 08:24

    Times of India reports representatives of India's diamond industry have asked government to come up with a payment system that would facilitate transactions between India and Russia. According to the report Indian traders now conduct payments in ruble or yuan through Dubai and China, as US$ payments are heavily restricted due to Western sanctions and currency conversions from rupee to ruble are much more difficult. 

    Photo credit: Envato Elements

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    Finance and Trade