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India’s Foreign Exchange Reserves Surpass $600 Billion Mark Amidst RBI Intervention

India's foreign exchange reserves have experienced consistent growth for the third consecutive week, reaching a notable milestone of $599.53 billion for the week ending...

Rupee Weakens Against US Dollar Due to Strong Greenback, but Equities and Falling Crude Prices Limit Losses

The Indian rupee experienced a decline of 18 paise against the US dollar on Monday, closing at 82.85 (provisional). The rupee's fall was primarily...

RBI Withdraws Rs 2,000 Banknotes from Circulation but Continues as Legal Tender

In a recent circular issued by the Reserve Bank of India (RBI), it has been announced that the Rs 2,000 denomination banknotes will be...

UK Unemployment Rises Amidst Inflation Concerns, Prompting Government Response

In the three months leading up to March, the United Kingdom experienced a further increase in unemployment, according to official data released on Tuesday....

India Eliminates Windfall Tax on Petroleum Crude, Keeps Tax on Fuel Unchanged

In a recent government notification, India has announced the elimination of the windfall tax on petroleum crude, reducing it to zero from the previous...

India’s Trade Deficit Narrows to 20-Month Low in April as Imports and Exports Decline

India's trade deficit reached its lowest level in 20 months, amounting to $15.2 billion in April. This decline can be attributed to the decrease...

U.S. Dollar Rises to Five-Week High on Inflation Concerns, Growth Worries, and Debt-Ceiling Standoff

The U.S. dollar saw a significant boost, reaching a five-week high against major currencies on Monday. The currency's rise was fueled by mounting inflation...

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