Is this all US$60 billion worth of central bank interventions in global foreign exchange markets buys you these days? It is a question that is undoubtedly preying on the minds …
Prime Minister Narendra Modi on Monday urged the Reserve Bank of India (RBI) to seek a bigger global role for the rupee through the next decade to match New Delhi’s …
In a historic step, India, the world’s third largest energy consumer, for the first-time ever paid the United Arab Emirates (UAE) in rupees for the purchase of crude oil. This …
An adage on Wall Street is that to quell inflation, the US Federal Reserve must raise interest rates until something breaks. In Asia, the cracks have deepened significantly over the …