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On Tuesday, the domestic unit settled at 83.19 against the American currency

MOST Asian currencies and equities strengthened on Tuesday, with the Malaysian ringgit hovering at more than a four-month high, as cooling U.S. inflation bolstered bets the Federal Reserve would cut interest rates soon.

KUALA LUMPUR: The ringgit retreated from last week’s gains to close lower against the greenback on Tuesday on declining crude oil prices and lack of demand despite a weaker US dollar, said an analyst.

Dhaka: Bangladesh warned on Tuesday of the deteriorating humanitarian crisis at its refugee camps hosting some 1 million Rohingya, as global aid for the oppressed stateless minority has sharply declined this year. The Joint Response Plan, the annual UN fundraising plan by international agencies, was among the best funded humanitarian responses when it was set up in 2017, after a...

The central bank said comments or feedback on the draft framework are invited from all stakeholders till January 31, 2024.

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Fresh inflows under FCNR(B) which eliminates currency risk for NRIs, touched $2 billion in April-October, compared with an outflow of $841 million in the same period a year ago, showed the latest Reserve Bank of India (RBI) data published in its monthly Bulletin. Overall, fresh NRI deposits doubled to $6 billion during the April-October of 2023, from $3 billion in the same period a year ago.

Stock Market S&P Santa Rally to the MOON! :: The Market Oracle ::

Experts say forex influx vital for country’s economy

DUBAI: More than 230,000 people in countries neighboring Palestine and Israel could be pushed into poverty as the effects of the war ripples across the region, according to a UN-led assessment. Countries in the Arab region, particularly those that form the “ring of fire” around Israel and Palestine, face a grave economic downturn thanks to the ongoing war in Gaza,...