An Echelon Media Company
Monday June 3rd, 2024
South Asia

India's central bank to transfer big profits to govt after currency collapse, sterilized interventio...

India's central bank has announced a $24-billion windfall for the cash-strapped government, giving a much-needed boost t...

August 29, 2019 3 min read

India to keep Kashmir lockdown for Eid on protest fears

Indian authorities are expected to extend a military clampdown in Kashmir ahead of Monday's start of the Eid al-Adha fes...

August 12, 2019 4 min read

India central bank makes fourth rate cut this year, revises growth forecast

India's central bank on Wednesday cut interest rates for the fourth time this year and slashed growth forecasts as New D...

August 7, 2019 3 min read

Maldives ex-vice president detained after India escape bid

Former Maldives vice president Ahmed Adeeb, who faces attempted murder and corruption allegations, was remanded in custo...

August 6, 2019 1 min read
Sri Lanka, Maldives youth to get new skills to counter hate speech in social media

Social media influencers in Sri Lanka and the Maldives who are countering online hate could sharpen their skills in a pr...

India will hold Sri Lanka to its commitments on reconciliation

Indian External Affairs Minister tells Virakesari that Sri Lanka has promised to work towards realizing the expectations...

India unveils budget for recovery after demonetiziation fiasco

India is a "bright spot" in the world economy, Finance Minister Arun Jaitley said as he unveiled his annual budget on We...

February 1, 2017 3 min read

India's demonetization 'own goal' hit amid central bank concerns

India pushed ahead with its decision to scrap banknotes even as the Reserve Bank of India's (RBI) own board expressed co...

January 23, 2017 3 min read

India's Jaitley: tax figures show little disruption from cash crackdown

NEW DELHI, Jan 9 (Reuters) - Indian Finance Minister Arun Jaitley on Monday flaunted robust tax receipts to dismiss repo...

January 9, 2017 2 min read

Bangladesh police detail suspicions of inside help in c.bank heist

A top investigator into the electronic theft of $81 million from the Bangladesh central bank is turning his attention to...

December 29, 2016 5 min read

Global diamond business hit by India demonetization fiasco

The global diamond industry is facing disruption that could stretch through the first few months of next year, including...

December 27, 2016 5 min read

Tata Motors director alleges governance lapses by parent Tata Sons

NEW DELHI, Dec 14 (Reuters) - An independent director of Tata Motors has alleged governance lapses by the automaker's pa...

December 15, 2016 2 min read

Miner Gemfields emerald auction delayed by India's "demonetisation" drive

Dec 1 (Reuters) - British precious stones miner Gemfields Plc said the auction of emeralds from its Kagem mine in Zambia...

December 1, 2016 1 min read

India central bank in' hamfisted' reaction amid demonitization aftershocks

The Reserve Bank of India on Saturday unexpectedly ordered banks to deposit their extra cash with it, in a bid to absorb...

November 27, 2016 2 min read

India takes steps to ease impact from banknote ban

MUMBAI, Nov 25 (Reuters) - India's Prime Minister Narendra Modi shocked the country on Nov. 8 by abolishing 500 and 1,00...

November 25, 2016 3 min read

India to use indelible ink to ensure people change cash only once

Indian banks will use indelible ink to ensure that people only change old notes for new ones once under Prime Minister N...

November 15, 2016 3 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

India's shock withdrawal of larger banknotes sparks chaos in cash economy

Indians struggled to pay for basic goods like food and fuel on Wednesday and wondered how to get hold of their cash, aft...

November 9, 2016 4 min read

India demonitizes Rs500, Rs1000 notes suddenly

Indian Prime Minister Narendra Modi on Tuesday announced that 500 and 1,000 rupee banknotes would be withdrawn from circ...

November 9, 2016 4 min read

India's Tata Motors defends strategy for $1500 Nano car

Tata Motors, part of India's Tata group, defended its strategy for producing the $1,500 Nano but shied away from comment...

November 6, 2016 2 min read

Tata shake-up may distract group from restructuring efforts

NEW DELHI/MUMBAI, Oct 25 (Reuters) - The surprise removal of Tata Sons' chairman Cyrus Mistry and his advisory team, and...

October 26, 2016 4 min read

China to sign some $24 bln in loans to Bangladesh as Xi visits

DHAKA/BEIJING Oct 14 (Reuters) - China is set to sign off on loans worth over $24 billion to Bangladesh during President...

October 14, 2016 3 min read

Maldives quits Commonwealth over rights row

(AFP) The Maldives angrily quit the Commonwealth on Thursday after years of wrangling over its human rights record since...

October 13, 2016 3 min read

India names three independent economists for RBI policy panel

India's government has picked three economists from the academic world for a new monetary policy committee to set intere...

September 22, 2016 3 min read

Indian rupee falls on report a minister urges devaluation; finmin denies

The Indian rupee fell abruptly on Thursday after a television channel reported that the commerce ministry will propose a...

September 15, 2016 3 min read

India woos new Nepali PM to claw back ground from China

NEW DELHI/KATHMANDU, Sept 14 (Reuters) - India is likely to offer Nepal's new prime minister help building an east-west ...

September 14, 2016 4 min read

Bangladesh factory owner, others being probed as toll from fire rises

DHAKA, Sept 12 (Reuters) - A police case has been filed against the owner of Tampaco Foils and several others working at...

September 12, 2016 2 min read
1 10 11 12