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Pak army chief fails to meet Saudi crown prince

It seems Saudi Arabia is in no mood to mend ties with Pakistan whose Army Chief General Qamar Javed Bajwa who flew in to Riyadh to placate an angry Saudi leadership failed to secure a meeting with......

Three reasons why the rupee fell on Friday

'It was because of the huge selloff in the Indian equities that the rupee fell so sharply against the dollar on Friday.' The selloff in the Indian equity markets on February 26 due to the scare......

How banking system changed post Nirav Modi scam

'If you give your ID and password to somebody else, how can anybody blame the technology for that problem?' Illustration: Uttam Ghosh/Rediff.com   The Society for Worldwide Interbank......

After 5 months RBI buys gold, now holds 625 tonnes

The RBI is still a small player in international gold buying among central banks. But in terms of total gold bought in 2019, it is the sixth largest buyer with 25.2 tonnes purchases in the first 10......

Rupee tanks 97 paise to 9-month low on weak macro data

Forex traders said a stronger dollar also dragged the rupee down. Illustration: Uttam Ghosh/Rediff.com The rupee on Tuesday dropped sharply by 97 paise to more than nine-month low of 72.39 against......

Rupee posts biggest single-day gain in 5 months on RBI dividend

Cautious optimism over US-China trade talks after US President Trump said his trade negotiators had received two very good calls from Beijing also influenced the local currency, dealers said.......

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