India’s RBI to sterilize interventions with long-bond purchases
MUMBAI, August 21, 2013 (AFP) - India's shares opened higher and bond yields eased Wednesday but its currency remained under pressure after the central bank …
South Asia
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India’s rupee slips to new record low against dollar
MUMBAI, August 20, 2013 (AFP) - India's rupee hit a new all-time low against the dollar on Tuesday on continuing fears that recent measures to stabilise the …
Sterilizing RBI’s neo-Mercantilist forex controls draw skepticism
NEW DELHI, August 18, 2013 (AFP) - Indian policymakers are looking increasingly panicky as they battle the worst currency crisis in more than two decades, and …
Indian PM rules out repeat of 1991 economic crisis
NEW DELHI, August 17, 2013 (AFP) - India's premier ruled out Saturday any suggestion the country could suffer a repeat of its 1991 balance-of-payments crisis …
India’s rupee hits new record low against dollar
MUMBAI, August 16, 2013 (AFP) - India's rupee plunged to a fresh record low against the dollar on Friday over fears that the central bank's measures may not be …
India plunges into Mercantilist moves as currency slips
NEW DELHI, August 14, 2013 (AFP) - India slapped new controls Wednesday on foreign exchange outflows as it struggled to narrow a record current account deficit …
Indian minister says lives lost in submarine blast
NEW DELHI, August 14, 2013 (AFP) - India's defence minister said Wednesday there were fatalities when a diesel-powered submarine exploded and sank at a dock in …
India’s rupee slips state proposes Mercantilist solutions
MUMBAI, August 13, 2013 (AFP) - India's rupee fell in early trade on Tuesday despite the government announcing new measures aimed at narrowing the current …
India car sales slide for ninth straight month
NEW DELHI, August 12, 2013 (AFP) - India's car sales slid by over seven percent in July, marking a record ninth straight month of decline, industry data showed …
First Indian nuclear submarine set for open sea trials
NEW DELHI, August 10, 2013 (AFP) - India announced Saturday that its first indigenously-built nuclear submarine is ready for sea trials, a step before it …
India’s rupee hits record low against dollar
MUMBAI, August 6, 2013 (AFP) - India's rupee plunged to a fresh record low against the dollar Tuesday over concerns that foreign capital could flow back to the …
Bangladesh denies plan to take over Grameen
DHAKA, August 6, 2013 (AFP) - Bangladesh denied on Tuesday that it plans to take control of pioneering microlender Grameen Bank which has lifted millions of …
India’s central bank governor set to ‘move on’: report
MUMBAI, July 31, 2013 (AFP) - India's central bank governor has decided to "move on" and a hunt for his successor is underway, the country's finance minister …
India panel clears Jet-Etihad deal: official
NEW DELHI, July 29, 2013 (AFP) - India's foreign investment panel Monday approved a plan for Abu Dhabi-based Etihad to buy a stake in Indian airline Jet, but …
Biden arrives in India for four-day visit
NEW DELHI, July 22, 2013 (AFP) - US Vice President Joe Biden arrived in India Monday at the start of a four-day visit designed to revive momentum in flagging …
Indian investment moves marred by steel pullouts
MUMBAI, July 21, 2013 (AFP) - India may be trying to lure foreign investors to revive its ailing economy, but the axing of two mega steel projects underlines …
India police release sketches of suspected temple bomber
PATNA, July 16, 2013 (AFP) - Indian police investigating bomb blasts at one of Buddhism's holiest sites released sketches of a suspect on Tuesday and offered a …
India eases foreign investment rules in new reform push
NEW DELHI, July 16, 2013 (AFP) - A group of Indian cabinet ministers late on Tuesday cleared plans to remove the foreign investment cap in telecoms and relax …
Delivering mail in Kabul, where streets have no name
KABUL, July 15, 2013 (AFP) - In Kabul, many streets have no name and houses often have no number, meaning that postmen already braving the constant threat of …
India ready for bilateral investment treaty talks with US
NEW DELHI, July 13, 2013 (AFP) - India is ready for talks with the United States on a bilateral investment treaty to reinvigorate commercial ties between the …