Latest Updates Around The World
The weakening Indian currency is causing a broad, five-channel macroeconomic shock that could change everything from business sentiment to fiscal accounts, Bank of America Global Research said in a report on Monday, arguing that the rupee’s decline “could and will impact several macroeconomic variables in India, if it persists.”The warning comes as the rupee closed […]
The Indian rupee on Wednesday plunged past the psychologically crucial ₹90 mark against the US dollar, its weakest level ever, making it the worst-performing currency in Asia. This sharp decline underlines mounting pressure from continued foreign portfolio outflows, a record trade deficit and stalled trade negotiations between India and the US. This persistent weakness raises […]
Novelis Inc, the entire subsidiary of Hindalco Industries, has reported a 36% decrease on an annual basis in his net income for the quarter of June at $ 96 million. Excluding special items, the bottomline was 43% lower compared to the previous year at $ 116 million. The net turnover of the aluminum maker based […]
