Business

RBI promotes internationalisation of rupee

Mumbai: In a bid to promote the use of domestic currency for cross-border settlements, the Reserve Bank Wednesday announced a slew of measures, including allowing banks to lend in Indian Rupees to non-residents from Bhutan, Nepal and Sri Lanka for bilateral trade. Observing that India...

Trump

US govt shutdown begins as nation faces new period of uncertainty

Washington: Plunged into a government shutdown, the US is confronting a fresh cycle of uncertainty after President Donald Trump and Congress failed to strike an agreement to keep government programmes and services running by Wednesday's deadline. Roughly 7,50,000 federal workers are expected to be furloughed,...

 

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