RBI announces USD 5 billion USD/INR swap auction May 26 to inject liquidity

RBI

Mumbai: The Reserve Bank will conduct a USD 5 billion USD-INR buy and sell swap auction next week to inject long-term liquidity in the banking system. The auction, to be held May 26, also comes at a time when the rupee has significantly depreciated against the American currency amid persisting global uncertainties. "On a review of current and evolving liquidity conditions, it has been decided to conduct a USD/INR Buy/Sell swap...

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Rupee slips 13 paise to hit fresh lifetime low of 96.83 against US dollar

Rupee vs USD

Mumbai: Declining for the ninth consecutive session, the rupee depreciated 13 paise to close at a fresh lifetime low of 96.83 (provisional) against the US dollar Wednesday as elevated global crude prices amid the West Asia crisis stoked inflation worries. At the interbank foreign exchange market, the rupee opened at 96.89 against the US dollar, then lost further ground to touch a record low of 96.95 and a high of 96.65,...

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Modi gifts Melody to Meloni: Rahul Gandhi targets PM over Italy gesture

Rahul Gandhi

New Delhi: An economic storm is raging but Prime Minister Narendra Modi is handing out candy in Italy, Congress leader Rahul Gandhi said Wednesday after Italian Premier Giorgia Meloni posted a video of Modi gifting her a packet of Melody toffees. This isn't leadership, it's a gimmick, Gandhi, who is on a visit to his constituency Raebareli, said on X. At a time farmers, labourers, traders and others in the country...

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India must stay alert amid West Asia crisis, no immediate concern: Civil Aviation Minister

Ranchi: Union Civil Aviation Minister Kinjarapu Rammohan Naidu Wednesday said the country must be prepared to tackle any possible fallout of the escalating crisis in West Asia, although the situation was "not worrisome for India at present". During his maiden visit to Ranchi, Naidu said every sector, including civil aviation, must plan proactively to minimise the impact of the cirsis on people and the country. "The situation is not worrisome at...

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IPL 2026: KKR win toss, opt to bowl; Hardik Pandya returns to lead MI

Kolkata: Kolkata Knight Riders skipper Ajinkya Rahane elected to bowl against Mumbai Indians in their must-win IPL match here Wednesday. The Knight Riders retained the playing 11 from their previous match, while Hardik Pandya retuned to lead MI from an injury-enforced break. Former skipper Suryakumar Yadav too made a comeback to the eleven. KKR have 11 points...

Domestic season to begin with Duleep Trophy Aug 23, Ranji Trophy from Oct 11

New Delhi: The Ranji Trophy will once again be played in two phases with the opening round starting on October 11 while the 2026-27 domestic season will commence with the Duleep Trophy starting August 23, the BCCI announced Wednesday. The BCCI will be organising 1788 games across age-group and senior cricket segments during the season, which include...

Sasmit Patra underscores importance of India’s engagement with Italy

New Delhi/Bhubaneswar: Prime Minister Narendra Modi's visit to Italy drew reactions from leaders across the political spectrum Wednesday, with politicians highlighting the importance of strengthening bilateral ties, addressing global conflicts, and focusing on India's economic interests. Speaking to media, Biju Janata Dal (BJD) MP, Sasmit Patra said India and Italy share common democratic and cultural values, making...

Mansukh Mandaviya

India, New Zealand mark century of sporting ties with Rugby Coaching programme

Bhubaneswar: As part of a Memorandum of Cooperation and to celebrate 100 years of India-New Zealand sporting ties, the national rugby federations of the two countries will collaborate for a two-day high-performance coaching program at the Kalinga Stadium here beginning Thursday. The joint initiative by Rugby India and New Zealand Rugby will bring together selected coaches from...

China blocks Meta

China cites national security to stop Meta’s $2 billion AI takeover

New Delhi: China has blocked Meta’s proposed $2 billion acquisition of artificial intelligence startup Manus, citing national security concerns, in a move that signals tighter regulatory scrutiny of cross-border technology deals, a new report has said. According to a report by Modern Diplomacy, the National Development and Reform Commission (NDRC) ordered the transaction to be unwound under...

Giorgia Meloni Narendra Modi

Narendra Modi, Giorgia Meloni deepen bilateral cooperation

Rome: India and Italy Tuesday decided to elevate their ties to special strategic partnership and enhance cooperation in areas of trade, investment and new technologies following talks between Prime Minister Narendra Modi and his Italian counterpart Giorgia Meloni. "We deliberated extensively on enhancing India-Italy ties," PM Modi said in a joint press statement after talks with Meloni....

Estonian Foreign Minister Margus Tsahkna

Estonian Foreign Minister Margus Tsahkna invites Narendra Modi to visit Estonia

Tallinn: Estonian Foreign Minister Margus Tsahkna has called for more high-level visits from India to deepen bilateral ties and said Estonia would be "very happy" if Prime Minister Narendra Modi visits the northern European country. In an exclusive interview with PTI , Tsahkna said Estonia is organising the Ukraine recovery conference in 2027 and hoped that India...

Residents of Lithuania's capital told to shelter as drone alarm underlines NATO's eastern jitters

NATO tensions rise as drone alert sends Lithuanian leaders to shelters

Vilnius: Residents of Vilnius were told to take shelter, and Lithuania's President and Prime Minister were taken to safe locations Wednesday because of an alarm over drone activity near the border with Belarus, underlining jitters on NATO's eastern flank over incursions related to Russia's war with Ukraine. An emergency announcement from the military told people in the...

Rupee vs USD

Rupee slips 13 paise to hit fresh lifetime low of 96.83 against US dollar

Mumbai: Declining for the ninth consecutive session, the rupee depreciated 13 paise to close at a fresh lifetime low of 96.83 (provisional) against the US dollar Wednesday as elevated global crude prices amid the West Asia crisis stoked inflation worries. At the interbank foreign exchange market, the rupee opened at 96.89 against the US dollar, then lost...

 

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