A vendor sells vegetables at a retail market in Kolkata, India. Reuters
Rising trade deficit along with chances of a populist budget might dampen rupee’s prospects during the coming week. Nevertheless, persistent interest of Foreign institutional investors (FIIs) in India’s equity market will arrest any sharp depreciation moves.
India’s central bank (CB) kept key interest rates on hold on Thursday as it sought to contain a rise in retail inflation, though it vowed to keep policy sufficiently loose to help revive growth in the coronavirus battered economy.
The Reserve Bank of India (RBI) kept rates steady and left the door open for more monetary easing on Thursday, as it sought to support faltering economic growth and avoid stoking already heightened inflation levels.
Despite recent strength in India’s factory sector, the Monetary Policy Committee said economic activity in India “remains subdued and the few indicators that have moved up recently are yet to gain traction in a more broad-based manner.”
“Dubai and the UAE continue to demonstrate their commitment to supporting the global technology community in accelerating growth and innovation, boosting resilience and driving its transformation agenda in the post-pandemic phase."
#StopTheWaste is a movement for change launched by the United Nations World Food Programme and aims to spotlight the global issue of food waste and offer a simple solution we can all take to fight hunger by just wasting less food.
Expo 2020 Dubai can serve as a role model for future global events in the new normal, to bring people from all over the world together again,