New Delhi: The Indian Rupee received another setback as the US Dollar strengthened, despite the efforts of the Reserve Bank of India. According to Reuters, analysts suggest that the Indian Rupee's value has decreased compared to the US Dollar, and on Monday, it was trading at 83.25 against the US ...

ISLAMABAD - The UAE Central Bank on Wednesday said it is in close contact with Pakistan's central bank and will take appropriate regulatory actions against a Pakistani bank which has reportedly been founding violating the money laundering laws. "We are in close contact with the home regulator of ...

ANKARA: President Recep Tayyip Erdogan has sacked the governor of Turkey’s central bank and replaced him with his deputy, a presidential decree said Saturday, after months of tension with the government over high interest rates. Murat Cetinkaya, who was appointed to the role in April 2016, ...

ANKARA: President Recep Tayyip Erdogan has sacked the governor of Turkey’s central bank and replaced him with his deputy, a presidential decree said Saturday, after months of tension with the government over high interest rates. Murat Cetinkaya, who was appointed to the role in April 2016, ...

MUMBAI – India’s central bank cut interest rates on Thursday in a boost to newly re-elected Prime Minister Narendra Modi, as he grapples with sluggish economic growth and decades-high unemployment. The Reserve Bank of India said that the benchmark repo rate — the level at which it lends to ...

ISTANBUL: Turkish inflation eased to a lower-than-expected 18.71pc in May, pushed lower by falls in prices for household goods and food, official data showed on Monday, as the economy grapples with the impact of last year’s currency crisis. In the wake of the crisis, which erased nearly 30pc ...

Washington: President Donald Trump renewed his verbal assault against the Federal Reserve, comparing the central bank to a blundering golfer after the stock market tanked yet again. "The only problem our economy has is the Fed," Trump tweeted. "The Fed is like a powerful golfer who can't score ...

New Delhi: The Indian government named an ally of Prime Minister Narendra Modi as new central bank head after his predecessor quit following a row about alleged government interference. Shaktikanta Das, named in a government statement as new Reserve Bank of India governor, is a former senior ...

NEW DELHI: India's central bank governor Urjit Patel has resigned amid reports of a rift between the bank and Modi government. Correspondents say the move is likely to undermine confidence in the economy and cause the rupee to fall. Reports say the government also wants to access central banks ...

ANKARA: The central banks of Qatar and Turkey signed a currency swap agreement in the Qatari capital Doha. According to sources from Turkish central bank, the first step has been taken after Qatar pledged $15 billion of investment package in Turkey last Wednesday. The agreement aims to enhance ...