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The RBI is reportedly selling dollars in the foreign exchange market to prevent Rupee from hitting an all-time low. - Rupee Hits 1-year Low Of 83.28 Against US Dollar

KUALA LUMPUR: The ringgit extended its downtrend to end lower against the US dollar on Monday as the greenback continued to strengthen amid geopolitical worries in the Middle East, an economist said.

LONDON: Israel’s expected ground, air and naval offensive on Gaza will be “horrific” and will involve “seeing some awful things,” the UK’s armed forces minister has said. James Heappey’s comments come as Israel prepares a massive assault on the Palestinian enclave, warning residents in northern Gaza to move south, The Independent reported on Monday....

Manila: Philippine President Ferdinand Marcos Jr. will visit Riyadh later this week to attend the inaugural summit of the Association of Southeast Asian Nations and the GCC, the Department of Foreign Affairs said on Monday. The Philippines is one of ASEAN’s 10 member states, whose leaders are scheduled to meet their Gulf counterparts on Oct. 20 in the Saudi capital...

BARCELONA, Oct 16 — A judge has opened a formal investigation into Spain’s former spy chief over the alleged hacking of......

Earlier the reserves had already fallen by nearly USD 12 billion, according to the data released by the Reserve Bank of India , , foreign exchange reserves, forex

RIYADH: Oman’s banking sector saw a 6.8 percent year-on-year increase in outstanding credit balances, reaching 30.4 billion Omani rials ($79 billion) by the end of August.  Within the same timeframe, the private sector in the country saw a 7 percent increase in credits, amassing a total balance of 25.6 billion rials, as reported by the Oman News Agency, citing the...

Olawale-cole urged the apex bank to adopt creative financing options for clearing the short to medium-term backlog and establish a mechanism to address forex unification under the current system.

India Business News: The country's foreign exchange reserves stood at $584.7 billion, the lowest in more than five months, after a decline of $2.2 billion in the week ende

KUALA LUMPUR: The ringgit traded higher against most major currencies except against the US dollar in the early session today as the greenback strengthened amid the higher-than-expected US inflation data, said an analyst.