The Indian rupee is unlikely to regain ground against the US dollar over the next year as a wide current account deficit and weak reserves weigh on the currency, while the Chinese yuan will strengthen a little to fresh record highs, a Reuters po
The Reserve Bank of India's Governor Duvvuri Subbarao said there were some arrangements in place for oil-related payments to Iran, which were working fine, and the central bank was also exploring other options.
India, the world's f
The Indian rupee touched a record low for the second day in a row on Tuesday as both foreign and domestic investors snapped up dollars to reduce exposure to India's cooling economy.
A firmer stock market provided a bit of comfort, but
India's central bank raised interest rates on Tuesday for the 13th time since early 2010 to battle stubbornly high inflation but signalled it may end the tightening cycle that has put it at odds with peers more concerned about weak global growth.
Australia's economy grew at its fastest pace in over a year last quarter as aggressive policy stimulus drove a revival in consumer and business spending, supporting the case for an early rise in interest rates.
The annual pace of growt