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.”
“The Saturday-Sunday weekend sets a great balance in aligning with the UAE's banks and markets with world’s major economies, while the half Friday off helps increase social wellbeing and family ties.
In line with the Health and Wellness Week at Expo 2020 Dubai, the Swiss Pavilion is organising a series of talks, lectures and panel discussions,
Brazilian Pavilion at the Expo 2020 clocked one million visitors since the start of the global event in October, opening up significant opportunities for the country