3 Indians sentenced to 517-year jail term in fraud case in UAE

Two Indian men and a woman have been sentenced to 517 years each in jail by a Dubai court for swindling thousands of people in a multi-million-dollar fraud case, the UAE media reported. Sydney......

Rupee REER declines in Dec after Nov peak

The Real Effective Exchange Rate (REER) of the rupee moderated in December to 107.20 after hitting a peak of 108.14 in November, latest data released by the Reserve Bank of India (RBI) showed.......

Will Nirmalaji Target Fiscal Deficit?

The Budget should undertake further reductions in import tariffs and seriously consider an announcement of India's intention to join one or both of the two Asian mega-regional free trade......

RBI's foreign exchange risk move may not hit rupee for now

Market participants do not expect any immediate impact on the rupee from the Reserve Bank of India’s (RBI’s) a “comprehensive” master direction aimed at strengthening the......

RBI to Hold Rates Steady at 6.50%

'The RBI's MPC will maintain the current policy rates (6.50%) at the policy meeting, given ongoing inflationary pressures.' IMAGE: Reserve Bank of India Governor Shaktikanta Das. Photograph: ANI......