India’s external account faces slowing foreign fund inflows — both in direct investment as well as portfolio flows — as a fallout of monetary tightening in the western economies. The ebbing fund flows are putting pressure on the local currency while the falling global crude prices and surging services exports come as a respite and … Read more
The sovereign green bonds issued by the Indian government will not have any restrictions on foreign investment, the Reserve Bank of India said on Monday. Such securities will be counted as specified securities under the fully accessible route, the central bank said in a notification The RBI had earlier this month announced an auction of … Read more
The United Arab Emirates will transition to a four and half-day working week starting next year, with the full weekend falling on Saturday and Sunday, state news agency WAM said on Tuesday. The Gulf state currently has a Friday-Saturday weekend. WAM said as of Jan. 1, 2022 federal government departments would move to the new … Read more
LONDON/NEW YORK: Typically a boon for emerging markets, this year’s plunge in the US dollar may fail to boost the developing world’s prospects as the raging pandemic hits economic activity, increases poverty and exposes weak policymaking. The greenback plummeted by its most in a decade in July and US Treasury yields fell to record or … Read more