Major currencies remained jittery on Friday as markets awaited U.S. job data and considered the impact of a politically turbulent week that saw the collapse of France's government and the brief imposition of martial law in South Korea. The U.S. dollar briefly spiked against South Korea's won after local media reported that the nation's main … Read more
Most Asian shares fell on Friday as political ructions in South Korea weighed on sentiment, while dollar bulls waited anxiously to see if U.S. payrolls challenged or cemented expectations of a rate cut this month. Chinese shares, however, climbed to three-week highs as investors scooped up technology shares ahead of a top-level policy meeting next … Read more
India's finished steel imports from China reached an all-time high during the first seven months of the current financial year from April, according to provisional government data reviewed by Reuters, rattling hundreds of small Indian steel producers. China, the world's biggest steel producer, shipped 1.7 million metric tons of finished steel to India during April-October, … Read more
India’s rising domestic production of thermal coal and the slowdown in the Chinese economy are expected to exert downward pressure on the price of fossil fuel in Asian markets during 2025, according to an S&P Global report released on Thursday. India’s rising domestic supply and the government’s emphasis on reducing import dependency are likely … Read more
The Indian government and the Asian Development Bank (ADB) on Thursday signed a $50 million loan to build a climate-adaptive water harvesting project in Meghalaya. The aim is to enhance water security by constructing water-harvesting systems to improve access to water and reduce community vulnerability against climate change impacts in the northeastern state. The … Read more
Google will help Andhra Pradesh government drive Artificial Intelligence advancements in the state. Under an agreement signed with Real Time Governance Society on Thursday, Google will provide skill development programmes in schools and colleges, train startups and traditional industries in AI-based solutions, and assist in areas like healthcare and sustainability. This partnership will also focus … Read more
RBI Governor Shaktikanta Das Begins Monetary Policy Speech Source link
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent. Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 … Read more
India is in a 'much more advantageous position' than many other countries in the world to build 'deeper' relations with the incoming Donald Trump 2.0 administration in the US, External Affairs Minister Dr. S. Jaishankar said on Thursday. Speaking at an ASSOCHAM conference on ‘Viksit Bharat Summit’ in the national capital, EAM Jaishankar said the … Read more
RBI Maintains Monetary Stance Of `Neutral` Source link