RBI Likely Sells Dollars As Surging US Yields Hold Rupee Hostage: Report

The rupee was trading at 81.8675 per U.S. dollar, down from 81.58 in the previous session. MUMBAI: The Reserve Bank of India likely sold dollars via state-run banks on Wednesday as rising Treasury yields and mounting risk aversion pushed the rupee to a record low, traders said. The rupee was trading at 81.8675 per U.S. […]

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Fuel price cut held hostage by volatile oil, rupee fall and inflation

NEW DELHI: A cut in domestic fuel prices has been held hostage to the volatility in the global oil market and the sharp fall in the rupee’s value against the Greenback due to interest rate hike by the US central bank. Benchmark Brent crude dropped $3.74 a barrel to $86.72 on Friday as the rate […]

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Indians held ‘hostage’ in Myanmar: MEA identifies 4 firms in racket | India News

HYDERABAD: The foreign ministry on Friday said that it has identified four companies involved in the job entrapment racket in Myanmar and is working on rescuing the Indians – about 100 to 150 men – who are still stranded there. So far the authorities have managed to rescue 32. However, people from Hyderabad and Delhi […]

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