By Rajendra Jadhav and Noel John May 22 (Reuters) – Gold kept trading at a steep discount in India this week, as price volatility dampened ‌demand, while premiums eased in China. Dealers in India quoted discounts of up ‌to $78 an ounce over official domestic prices this week, inclusive of 15% import and 3% sales…
The India-Africa summit was set to be held next week in Delhi after more than a decade. Source link
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According to WHO, there have been 600 suspected cases of Ebola so far and 139 suspected deaths. The cases have been confined to the African continent so far, but experts say the latest outbreak is challenging because it involves a rare species of Ebola for which there is no vaccine, and the epicentre is in…
By Nimesh Vora and Jaspreet Kalra MUMBAI, May 22 (Reuters) – The Reserve Bank of India sold $2 billion to $3 billion on Thursday to defend the rupee against relentless pressure and stepped in again ‌on Friday, helping it strengthen past the 96-per-dollar level, according to bankers. The RBI intervened via ‌large state-run banks before…
New Delhi’s iconic auto-rickshaws have received a Donald Trump-themed makeover to mark the United States’ 250th Independence celebrations and the upcoming India visit of Secretary of State Marco Rubio, but not everyone is a fan. The US embassy said it is providing thousands of vehicle covers emblazoned with Trump’s face and the US flag for…
It began as an online satirical project but within days India’s Cockroach Janta Party (CJP) has amassed millions of young supporters. Young people have gravitated to the parody political party to express their frustration with politics, with some appearing at protests dressed as cockroaches. The CJP launched its website and social media accounts on Saturday,…
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India’s central bank may need to draw on its 2013 taper tantrum playbook and earlier balance-of-payments crises to mount an effective defense of the beleaguered rupee. Source link
India’s power producers have set a record for electricity generation as swathes of the world’s most populous nation swelters in an intense heatwave, the ministry of power said. Thursday was the “fourth consecutive day when the peak power demand (solar hours) reached a new all-time high”, the ministry said in a statement. It said that…
