‘Deep market’: Why is Rupee left to ‘find its correct level’? Governor Sanjay Malhotra explains stance as currency hovers near 90

Reserve Bank Governor Sanjay Malhotra on Friday said the central bank does not target any specific price level or band for the rupee, and allows the currency to find its own “correct” value in the market, even as it hovers near the 90-per-dollar mark, PTI reported. “We don’t target any price levels or any bands….

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Rupee breaches 91 mark again: Currency falls to 91.32 against US dollar amid Middle East tensions

Rupee slipped past the 91 mark against the US dollar on Monday, tumbling to 91.32, as escalating tensions in the Middle East and heightened volatility in global markets unsettled investors. Forex traders said that the currency came under added pressure from negative equity market sentiment and significant foreign fund outflows. Rupee opened at 91.23 and…

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India considering naval escort for ships in Strait of Hormuz amid Iran war: Report | India News

NEW DELHI: India is considering sending naval ships to escort its vessels through the Strait of Hormuz amid the ongoing Middle East tensions, according to a report by The New York Times.The report said the move is being examined following requests from Indian shipowners seeking protection for commercial vessels navigating the strategic waterway.“India was also…

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Indian football in limbo: ISL clubs urge AIFF to act amid revenue crisis | Football News

NEW DELHI: Twelve Indian Super League (ISL) clubs have approached the All India Football Federation (AIFF) with urgent concerns about the domestic football crisis. The situation has become critical as the Marketing Rights Agreement between AIFF and Football Sports Development Limited expires on December 8.The affected clubs include FC Goa, Sporting Club Delhi, NorthEast United…

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Reed Hastings education and career path: How a math teacher-turned-engineer transformed Netflix into a global streaming powerhouse

Reed Hastings education and career path As Netflix prepares for its blockbuster $83-billion bid to acquire Warner Bros., cofounder Reed Hastings once again finds himself shaping the biggest story in global entertainment. The move, as reported by Fortune, which detailed Netflix’s plan to buy the studio behind Dune, Harry Potter, DC Universe and HBO Max,…

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