AfDB releases 511 million USD to finance government programmes in Niger
The African Development Bank (AfDB) released about 511 million US dollars to finance four government programmes in Niger, an AfDB official said Sunday.
The African Development Bank (AfDB) released about 511 million US dollars to finance four government programmes in Niger, an AfDB official said Sunday.
The Indian rupee’s stability, despite external pressures from weak Asian currencies and rising US bond yields, highlights a nuanced approach by the Reserve Bank of India (RBI) in managing the currency.
The Indian rupee’s slide to a record low against the US dollar underscores the complex interplay of domestic and global economic factors that influence currency valuation.
The former Union minister said neither Prime Minister Narendra Modi nor any BJP member is speaking up about this depreciation.
India’s external debt rose by $4.7 billion in the April-June quarter to touch the USD 629.1 billion mark, although the…
Prices of the yellow metal in international markets have declined by around USD 100 per ounce to USD 1,700 so far in July, data showed. In India, the prices declined by around Rs 1,800-2,000 towards Rs 50,000 per 10 gm during the same period.
The data marks the highest inflation rate since November 1998, when the country was struggling to cope with the 1997-1998 Asian financial crisis.
At the interbank foreign exchange market, the domestic currency opened at 74.21 against the American currency and slipped further to close at 74.26, registering a decline of 11 paise over its previous close.
At the interbank forex market, it witnessed an intra-day high of 74.68 during the session and a low of 74.90 against the US dollar.
Forex traders said positive domestic equities, foreign fund inflows and hopes of a COVID-19 vaccine supported the rupee.
