The Indian rupee has reached a historic low of 96 against the US dollar, affecting household budgets, imported goods, and fuel prices. With each dollar costing more in rupees, daily expenses are rising for families across India. Why the Rupee Is Weak Today Several factors are driving the rupee’s decline: Rising Oil Prices Global tensions near key oil routes have pushed crude prices above $

Royal Challengers Bengaluru secured a dramatic two-wicket victory over Mumbai Indians on the final ball of their IPL clash in Raipur on Sunday,May 10th, with Krunal Pandya delivering a decisive all-round performance under pressure. Despite an outstanding four-wicket spell from Corbin Bosch, Mumbai Indians failed to defend their total as RCB completed another memorable last-ball chase against their long-time rivals. The result officially ended the playoff hopes of both Mumbai Indians

Regulatory action culminates in license cancellation What happened to Paytm Payments Bank? RBI cancels its license after violations forms the central development in India’s financial sector, as the Reserve Bank of India revoked the banking license of Paytm Payments Bank Ltd wi

The Reserve Bank of India has kept the policy repo rate unchanged at 5.25% in its first monetary policy announcement for the financial year 2026–27. The decision was announced by RBI Governor Sanjay Malhotra following a detaile

On April 8, 2026, India’s stock markets experienced a remarkable surge, with the BSE Sensex climbing over 2,700 points, marking a 3.66% increase, and the Nifty rising by more than 3.4%. Investor wealth swelled by over Rs 14 lakh crore during the early trade, signaling a sharp recovery after a period of volatility. This rally was fueled by multiple factors, including easing global geopolitical tensions, softer crude prices, and an increase in investor confidence. The biggest trigge

The Reserve Bank of India (RBI) is expected to introduce incentives for Non-Resident Indian (NRI) deposits in its upcoming April monetary policy review to help stabilize the Indian Rupee. Experts suggest that the RBI may revive the foreign currency non-resident (FCNR B) deposit scheme to attract foreign deposits and address the rupee's volatility. Currently, the UAE accounts for over 40% of FCNR (B) deposits, showing a heavy reliance on the Gulf region. NRI deposit inflows have seen

The Indian rupee has slipped to a new record low, falling to 94.1575 per US dollar, surpassing its previous all-time low of 93.98 set earlier this week. The continued decline is being attributed to growing concerns over the ongoing conflict in the Middle East, which has placed significant pressure on global markets, including the Indian currency. Since the war broke out late last month, the rupee has weakened by about 3.5%, reflecting the heightened uncertainty in international mark

The central government has retained the 4% retail inflation target for the next five years, from April 1, 2026, to March 31, 2031, with a tolerance band of 2–6%. This decision, made in consultation with the Reserve Bank of India (RBI), continues the inflation-targeting framework that was first introduced in 2016. The move aims to maintain price stability while allowing some flexibility in the target, accommodating short-term volatility. The government’s inflation target, outline

As Illinois prepares for its 2026 primary election, early voting is already underway in several parts of the state, setting the stage for a contest that could reshape the political landscape despite the absence of a presidential race. The March 17 primary arrives at a pivotal moment, marked by the retirement of long-serving U.S. Sen. Dick Durbin and a series of high-profile matchups across statewide and congressional offices. In suburban Cook County, early voting begins Monday, with

LARGO, Md. — Facing mounting public pressure over sharply rising utility costs, Maryland lawmakers and local officials are advancing a series of measures aimed at delivering immediate financial relief while pursuing long-term changes to the state’s energy infrastructure. The coordinated push reflects growing concern among residents who say recent power bills have become increasingly difficult to manage. In Annapolis, the administration of Gov. Wes Moore introduced Senate Bill 38

India’s financial sector has been grappling with the persistent issue of mis-selling, especially in the realm of banking and insurance products. In a recent statement, Finance Minister Nirmala Sitharaman addressed the ongoing concern, declaring that banks cannot treat mis-selling as a routine part of their business. She went as far as to say that mis-selling is an "offence," sending a clear message to financial institutions that such practices will not be tolerated. Her remarks came at a pr

The Reserve Bank of India (RBI) will announce its latest monetary policy decision today, February 6, 2026, with markets largely expecting the central bank to keep the repo rate unchanged. This announcement follows a series of rate cuts, with the last one made in December 2025, reducing the repo rate from 5.50% to 5.25%. Experts predict that the RBI will maintain a pause in rate cuts as it assesses the impacts of the previous changes on inflation and growth. RBI Governor Sanjay Malho

The Indian rupee weakened to a fresh all-time low of 91.99 against the US dollar on January 29, extending its recent slide amid persistent pressure from global and domestic factors. The currency has now fallen 2 percent so far this year and nearly 5 percent since the United States imposed higher tariffs on Indian merchandise exports. The sharp decline reflects continued weakness in foreign capital inflows and a surge in corporate demand for dollar hedging, which have outweighed the positive i

As people across the globe prepare to welcome the New Year with countdowns, fireworks, and celebrations across different time zones, a small group of astronauts orbiting far above Earth will experience the arrival of the new year in a way unlike anyone on the planet. Aboard the International Space Station, astronauts currently in orbit will celebrate the New Year an astonishing 16 times, highlighting the extraordinary reality of life in space and the unique way time is experienced beyond Earth.

The Reserve Bank of India has reduced the repo rate by 25 basis points, bringing it down from 5.5% to 5.25%. This marks a total reduction of 125 basis points in 2025, sparking fresh hope among homebuyers for affordable loan EMIs as banks prepare to revise lending rates. The Monetary Policy Committee (MPC), which met on December 3, 4 and 5, voted unanimously after assessing inflation control, liquidity status and growth expectations. Governor Sanjay Malhotra confirmed the move, addin

India’s economy recorded a faster pace of expansion in the July–September quarter, with official data showing that gross domestic product rose 8.2% year-on-year. The acceleration reflects a combination of stronger consumer demand, a revival in manufacturing activity, and accelerated production schedules ahead of India’s major festive season. Economists had widely expected the quarter to deliver robust growth, but the latest figure surpassed the projected 7.3% expansion for the period, e

State regulators have approved CenterPoint Energy’s $2.9 billion systemwide resiliency plan, setting the stage for a series of gradual rate increases that will begin affecting customers next year. Under the approved structure, electric bills will rise by about one dollar per month at the start, eventually reaching an additional four dollars per month by 2028. These increases come at a time when many Houston-area residents are already adjusting to multiple rate changes that have occurred over t

India’s rapid digital lending growth has made borrowing simple but also riskier. Fraudsters now target people looking for quick loans, luring them with instant approvals, zero paperwork, and guaranteed deals. These traps are becoming more sophisticated, often disguised as real banking offers. Recognizing red flags before sharing your personal or banking details can protect you from financial loss and mental stress. Unrealistic loan promises are among the biggest traps. Scammers of

Novak Djokovic captured yet another milestone in his illustrious career on Saturday, claiming his 101st ATP singles title after a gripping three-set victory over Italy’s Lorenzo Musetti at the Vanda Pharmaceuticals Hellenic Championship in Athens. The 38-year-old Serbian, who continues to redefine longevity in tennis, battled for more than three hours to secure a 4-6, 6-3, 7-5 win that tested both players to their physical and mental limits. The final was a showcase of resilience,