The Reserve Bank of India (RBI) bought $7.37 billion in the spot foreign exchange market in May, showed data released on Monday as part of the central bank's monthly bulletin.
The European Union could still lend Tunisia's battered economy 900 million euros ($1.0 billion), an EU official said on Monday, but further talks will be in the third quarter and depend on a deal with the International Monetary Fund (IMF).
There is no doubt that higher interest rates are hard on a many people – especially if you are taking out a loan on a home or a car, or are struggling to catch up with credit-card debt.
Most stock markets in the Gulf ended higher on Monday, extending gains as investors ramped up their bets for an imminent end to U.S. interest rate hikes.