World Updates
The rupee fell below ₹90 per dollar last Wednesday. Despite the fact that this decline is considered “psychologically important,” the underlying economic fundamentals remain largely unchanged. However, a particular series of recent occurrences has given the currency new impetus and significantly tipped the scales against it. The Reserve Bank of India’s (RBI) response and market … Read more
IndiGo issue: In the midst of the crisis that has prevented flights in India for over a week, IndiGo has lifted its ban on recruiting pilots and is currently accepting applications for its A320 family. This comes after the government’s new pilot resting time regulations, which have now been removed, caused hundreds of IndiGo flight … Read more
On December 5, the Reserve Bank of India (RBI) finished its monetary policy in the face of conflicting market opinions and a very complicated collection of facts. The RBI hit a bold hook shot for a boundary with a 25-bps rate reduction since the field was tight and bowlers were waiting for an edge. RBI … Read more
According to authorities, a fire at a nightclub in North Goa late on Saturday night claimed the lives of at least 23 people. After midnight, the fire started at Birch near Romeo Lane. The well-liked party location debuted last year in Arpora village, which is around 25 kilometers from Panaji, the state capital. Alok Kumar, … Read more
In an interview with Moneycontrol after the RBI policy meeting, Joseph Thomas, Head of Research at Emkay Wealth Management, said that there is very little chance of any more interest rate cuts for the remainder of the fiscal year. This is because, in an otherwise capital-scarce economy, the present policy rate—which is as low as … Read more