A policeman stands guard at the Reserve Bank of India headquarters in Mumbai. File/Reuters
India’s central bank raised its key policy rate by 35 basis points to 6.25 per cent on Wednesday, the highest in over three years and its fifth straight increase, and vowed there will be no let up in its fight to tame high inflation. While there have been signs recently that price pressures may be moderating, Reserve Bank of India (RBI)
Rising trade deficit along with chances of a populist budget might dampen rupee’s prospects during the coming week. Nevertheless, persistent interest of Foreign institutional investors (FIIs) in India’s equity market will arrest any sharp depreciation moves.
The Reserve Bank of India (RBI) raised India’s retail inflation rate projection for FY23. Accordingly, inflation projection for 2022-23 has been raised to 5.7 per cent from an earlier estimation of 4.5 per cent
Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has successfully hosted a business event on the sidelines of Gulfood,
With the civil aviation industry almost fully recovered after the steepest fall in passenger numbers due to the 21st century’s second pandemic,
The Singapore Airshow kicked off on Tuesday with an array of aerial displays including some by China’s COMAC C919 narrow-body airliner,