The Indian rupee rose against the US currency on Monday, helped by likely dollar inflows and healthier risk, traders said.

Indian businesses showed interest to invest heavily in various sectors of Bangladesh.

India plans to extend restrictions on the export of diesel and gasoline after the current fiscal year ends this month to ensure the availability of refined fuels for the domestic market, two government sources with direct knowledge of the matter said.

The Indian rupee declined on Monday as relief from the Credit Suisse rescue deal proved to be short-lived, with investors dumping risk assets on worries over a contagion in the global financial sector.

India’s Adani Group has told creditors it has secured $3 billion loan from a sovereign wealth fund, two sources with knowledge of the matter said, as the embattled conglomerate seeks to ease concerns about its credit profile after a short-seller attack.

India’s economic growth likely slowed further in the October-December quarter amid weakening demand and is set to lose more momentum as a series of interest rate hikes weigh on activity, according to a Reuters poll of economists.

German Chancellor Olaf Scholz arrived in India on Saturday seeking to deepen business ties between the world’s number four and five economies and push for progress on an EU trade deal despite differences over Ukraine.

The World Bank will “provide as much concessionality to the debt treatment” for distressed economies as possible, its president told a meeting with the International Monetary Fund, India, China, and other creditor nations on Saturday.

India’s imports of Russian steel rose to an eight-year high during the first 10 months of the financial year that began in April 2022, government data compiled by Reuters showed.

India is considering extending a ban on wheat exports as the world’s second-biggest producer seeks to replenish state reserves and bring down domestic prices, government sources said.

Shares in the flagship firm of troubled Indian conglomerate Adani rose almost 15 percent Tuesday, clawing back some of its recent huge losses after saying it would repay more than $1 billion in loans.

The crisis engulfing the Adani group intensified on Monday as dozens of members India’s main opposition party were detained by police during protests, and parliament was suspended again due to disruptions over the saga.

India’s Ministry of Electronics and Information Technology (MeitY) has begun a process to ban and block 138 betting apps and 94 loan lending apps with Chinese links, India’s ANI reported on Sunday, citing sources.

Robust growth in India’s services industry eased last month after touching a six-month high in December, with softening orders spurring caution in companies’ business outlooks for the year, a private business survey showed on Friday.

The Indian stock market regulator has put three Adani group companies, including Adani Enterprises, under short-term additional surveillance measure framework (ASM), according to the latest data available with the exchanges on Thursday.

Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a US short-seller's criticisms wiped billions more off the value of the Indian tycoon's stocks.

India plans to slash the import duty on gold because higher taxes have made it more profitable for smugglers, who can offer hefty discounts and denting the market share of banks and refiners, government and industry officials told Reuters.

India is not looking at allowing more sugar exports, government and industry officials said on Thursday, dampening speculation that the world’s biggest producer of the sweetener would permit a second tranche of overseas shipments.

The Indian rupee strengthened on Friday, posting its biggest weekly gain in two months, as benign US inflation reading reinforced expectations of a smaller rate hike by the Federal Reserve next month.

India’s foreign exchange reserves fell to $561.58 billion in the week through January 6, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday.