Sri Lanka: 'Political stability must be restored'

'For the common man, the economic conditions are not going to get better.' IMAGE: Sri Lankans queue to buy cooking gas in Colombo. Photograph: Dinuka Liyanawatte/Reuters Dr Dushni Weerakoon is an......

Is foreign exchange rate stability desirable? Not really

The recent depreciation of the rupee along with sharp fall in the country’s foreign exchange (FX) reserves has sparked a debate whether stability of the exchange rate is necessary and......

Rs steady against $ in CY24, weakens vs euro, pound

The rupee has remained largely stable against the US greenback in the current calendar year (CY 2024), depreciating by just 0.59 per cent so far. Illustration: Dominic Xavier/Rediff.com However,......

Sensex, Nifty end lower; FMCG, IT stocks top drags

Benchmark indices Sensex and Nifty pared initial gains and settled lower on Saturday due to selling in FMCG and IT shares. Photograph: Danish Siddiqui/Reuters The 30-share BSE Sensex fell by......

Forex trading set to soar in Gulf countries

As markets experience volatility and investors shy away from equities and real estate, forex is becoming the investment class of choice in the Gulf region, according to ADS Securities."With high......