RBI is expected to raise its benchmark rate for the 7th consecutive meeting & leave the door open for more increases to bring inflation back within its target range, economists said.
India's forex reserves rose for a second week, increasing by $5.98 billion & stood at its highest since early July, according to RBI's statistical supplement. The rupee ended at 82.16 Friday.
At conference held by FEDAI on Sunday, M. Rajeshwar Rao said if central bank’s efforts towards rupee-invoicing bear fruit, local exporters and importers will not need to hedge.
RBI said that cryptocurrencies are akin to a Ponzi scheme. Extending India's money laundering rules will help monitor transfer of these assets beyond country's borders.
At a post budget industry event in Jaipur Monday, the Finance Minister noted that inflation is unique to each country in the emerging markets & the RBI will take the required steps.
With non-leather products driving global footwear demand between 2020 and 2024, India’s global market share stood at 1.85% in 2024, says a NITI Aayog report.
ISKP, a sub-continental branch of the Islamic State, is said to have vowed to extend operations in Kashmir, on encouragement from Pakistan’s security establishment.
Pakistan’s army has been a rentier force available to a reasonable bidder. It has never come to the aid of any Muslims including Palestinians or the Gazans, except making noises here and there.
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