San Francisco is pursuing strategies to reduce visible homelessness and drug use in several locations ahead of a fall filled with high-profile events, including the 30th Asia-Pacific Economic Cooperation Leaders’ Meeting, which will put San Francisco in a global spotlight.
India's forex reserves dropped by $3.165 billion to $603.87 billion for the week ended July 28, the RBI said on Friday. This is the second consecutive weekly drop in the reserves after the $1.987 billion decline to $607.035 billion in the previous reporting week, In October 2021, the country's forex kitty reached an all-time high of $645 billion. The reserves took a hit as the
Output of eight core infrastructure industries increased by 3.5 per cent in April, the slowest pace in six months, dragged by decline in the production of electricity, crude oil, natural gas and refinery products. According to data released by the Ministry of Commerce and Industry, electricity production contracted by 1.4 per cent on a year on year basis in April. This is the
If tax cheats were hoarding their wealth in 500 and 1,000 rupee denominations, which were the biggest back in 2016, why did India even print the 2,000 rupee bill? The logic was never explained, though everyone knows it was a coping mechanism.
Russian banks and companies who have trade surpluses with Indian lenders are using those rupee funds to invest in domestic government debt, the head of the Indian Banks' Association (IBA) said on Tuesday. Investments by Russian banks and companies in Indian government bonds underline challenges in converting rupees into roubles, which has hampered attempts to widen non-dollar