As expiring non-deliverable contracts and currency futures increased demand for dollars, the Indian rupee (INR) plunged to its lowest level ever on Friday. Meanwhile, importers panicked and bought dollars. Before the central bank’s intervention helped to reduce sharp losses, traders said the Indian rupee fell to an all-time low ofRead More →

Reuters, NEW DELHI – The gentle-spoken Manmohan Singh, who passed away on Thursday at the age of 92, was seen as a “reluctant king” during his first term as prime minister and was undoubtedly one of India’s most effective leaders. Singh served a record two terms as prime minister fromRead More →

(Reuters) – According to the Financial Times, India has informed Canada that it must return 41 ambassadors by October 10. Ties between India and Canada have deteriorated significantly as a result of Canadian suspicions that Indian government operatives were involved in the June assassination in Canada of Hardeep Singh Nijjar,Read More →