India’s Forex Reserves Decline $2.23 Billion to $550.87 Billion
India’s foreign exchange reserves fell by $2.234 billion to $550.871 billion in the week ended September 9, the Reserve Bank of India (RBI) said on...
Category : ECONOMY
Italy Government Brings $14 Billion Aid Package Against Inflation
On Friday, Italy approved an aid package worth some 14 billion euros (USD 14 billion) to shield companies and families from rising energy costs and...
US Government Targets Crypto Enforcement, Digital Asset Rules
On Friday, the Biden administration said that the US government agencies must double down on digital asset sector enforcement and identify gaps in cryptocurrency regulation....
RBI to Raise Repo Rate to 5.9%: Morgan Stanley
In the credit policy, the monetary policy committee plans to raise the repo rate by 50 basis points to 5.90 per cent and keep the...
Global Recession Has Emerged Amid 5 Years of Massive Rate Hikes, World Bank Says
The World Bank said in a new report that the global economy could face a recession next year due to a wave of aggressive tightening,...
Possible Risk of Recession Next Year, Says French Central Bank
On Thursday, the French Central Bank said that the French economy is likely to slow sharply next year due to Europe’s energy crisis, with a...
World Bank Notices Growing Risk of Global Recession in 2023
On Thursday, the World Bank said that the world is likely to witness a global recession as central banks across the globe simultaneously hike interest...
Crude Oil Falls 3% on Demand Concerns, Strong Dollar
On Thursday, brent crude oil slipped 3% as expectations of weaker demand and a strong US dollar ahead of a potentially large interest rate gain...
US Import Prices Plunge for Second Straight Month in August
US import prices dropped for a second straight month in August, weighed down by decreasing costs for petroleum products and a strong dollar. On Thursday,...
Fitch Slits India’s GDP Growth Forecast to 7% in FY23
Fitch Ratings has reduced its growth forecast for the current fiscal year to 7% from the previous estimate of 7.8%. The rating agency also cut...