| Follow us on:
|
Emerging countries fear an exodus of capital from their markets as they battle currency volatility.
The prime minister assured businesses that the government is taking action to improve the economy.
The decision comes as a major setback to India's foreign direct investment (FDI) initiatives.
The decisions were “unanimous” according to India's Commerce Minister Anand Sharma.
The Indian rupee touched a lifetime low of 61.21 to a dollar earlier this month.
Bilateral trade between India and Nigeria stands at $10 billion.
BRICS finance ministers will meet on the sidelines in Moscow to discuss preventive measures to counter a resurgent dollar.
The Indo-Russian Kudankulam Nuclear Power Plant will start functioning soon, says authorities.
The minister is on a four-day US trip to attend the annual leadership summit of the US-India Business Council.
The finance minister will meet US Treasury Secretary Jack Lew during his visit to the United States.
