By Jamal Mecklai The IMF has reclassified India’s de facto exchange rate regime to “stabilised” from “floating” over the period December 2022 to October 2023. The Reserve Bank of India (RBI) has strongly disagreed with this characterisation, terming IMF’s analysis as being extremely short term—over a longer period (say, 2-5 years) the picture would be […]
Oil prices rose in early Asian trade on Wednesday after a U.S. trade group reported a significant draw in crude oil stocks ahead of the government’s data release. Brent crude rose by 16 cents, or 0.2%, to $80.93 a barrel by 0006 GMT.U.S. West Texas Intermediate crude rose 25 cents, or 0.3%, to $77.32 a […]
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