A rally in gold prices and a gain in the value of non-dollar assets helped India’s foreign exchange reserves rise by the most in over 10 months, data from the central bank showed Friday. India’s forex stockpile rose by $14.17 billion — most since early March last year — to $701.4 billion in the week of Jan. 16. The gains come despite currency intervention by the central bank to support the rupee, ...
A rally in gold prices and a gain in the value of non-dollar assets helped India’s foreign exchange reserves rise by the most in over 10 months, data from the central bank showed Friday. India’s forex stockpile rose by $14.17 billion — most since early March last year — to $701.4 billion in the week of Jan. 16. The gains come despite currency intervention by the central bank to support the rupee, which is the worst performer in Asia in the month so far. The rupee fell to a fresh record low on Friday, declining by as much as 0.4% to 91.97 per dollar. “Despite the FX intervention by the RBI, the increase in reserves is explained by the positive valuation effect due to a rise in gold prices and due to gains in non-dollar assets,” said Sakshi Gupta , principal economist at HDFC Bank Ltd. Gold has been on a tear, hitting successive records and rising more than 70% in the past 12 months. The yellow metal has posted gains for the past two weeks, and is on track for as much as 7% gains this week amid geopolitical tensions and concerns over Federal Reserve’s independence. Read: India’s Sales of Treasuries Deepen Pivot Away From Dollar Assets In recent months, India has cut down its holdings of US assets and increased it share of gold and other alternatives in its reserves. The country’s holdings of long-term US debt have dropped to $174 billion, down 26% from a 2023 peak, according to US government data made available last week. Treasuries now account for one-third of the nation’s foreign-exchange assets, according to the Reserve Bank of India, compared with 40% a year prior.
Hong Kong air travellers are being advised to leave their power banks at home and bring charging cables as a group of South Korean airlines becomes the latest to ban the use of the portable batteries during flights. A local tour operator issued the guidance on Friday after Hanjin Group announced that, starting from January 26, its five carriers would ban the use of the devices on board their aircr...
Hong Kong air travellers are being advised to leave their power banks at home and bring charging cables as a group of South Korean airlines becomes the latest to ban the use of the portable batteries during flights. A local tour operator issued the guidance on Friday after Hanjin Group announced that, starting from January 26, its five carriers would ban the use of the devices on board their aircraft as part of enhanced flight safety measures. Yuen Chun-ning, managing director at travel operator...
As the U.S. market navigates a volatile week marked by fluctuating indices and record highs in safe-haven assets like gold, investors are closely watching how these dynamics impact high-growth sectors such as technology. In this environment, identifying promising tech stocks involves looking at companies with strong fundamentals and innovative potential that can withstand broader market uncertaint...
As the U.S. market navigates a volatile week marked by fluctuating indices and record highs in safe-haven assets like gold, investors are closely watching how these dynamics impact high-growth sectors such as technology. In this environment, identifying promising tech stocks involves looking at companies with strong fundamentals and innovative potential that can withstand broader market uncertainties.
Zverev wins 7-5, 4-6, 6-3, 6-1 to reach fourth round Grit, discipline and spirit not enough for Norrie Cameron Norrie did what he could. Rather than easing into a long best-of-five-sets match, he played at full throttle from the beginning by launching into forehands and forcing himself inside the baseline at all cost. He worked through every shot in his arsenal, frequently sweeping forward to the ...
Zverev wins 7-5, 4-6, 6-3, 6-1 to reach fourth round Grit, discipline and spirit not enough for Norrie Cameron Norrie did what he could. Rather than easing into a long best-of-five-sets match, he played at full throttle from the beginning by launching into forehands and forcing himself inside the baseline at all cost. He worked through every shot in his arsenal, frequently sweeping forward to the net. He punctuated each small victory with booming cries of “allez”. In tennis, however, match-ups are king and the past meetings between Norrie and Alexander Zverev have already illustrated how the German’s game is built to outlast and overpower the Briton. This seventh meeting between them ended no differently as Zverev, the third seed, secured a tough 7-5, 4-6, 6-3, 6-1 victory over the 26th seed to advance to the fourth round of the Australian Open. Continue reading...
Restb.ai has launched the industry's first AI-powered computer vision solution designed to simplify compliance with the upcoming Uniform Appraisal Dataset (UAD) 3.6 regulations set to take effect in 2026. The new API, named Feature UAD, provides automated visual insights that streamline the property appraisal process by extracting and structuring data directly from photos. This advancement aims to...
Restb.ai has launched the industry's first AI-powered computer vision solution designed to simplify compliance with the upcoming Uniform Appraisal Dataset (UAD) 3.6 regulations set to take effect in 2026. The new API, named Feature UAD, provides automated visual insights that streamline the property appraisal process by extracting and structuring data directly from photos. This advancement aims to improve the consistency and efficiency of appraisal reports, enabling lenders, appraisal...
Saints full-back has recovered from a calf injury Fisilau, Sella and Iyogun all included by Borthwick George Furbank has been included in England’s squad for the forthcoming Six Nations, handing Steve Borthwick a timely boost after recovering from a calf injury. The Northampton full-back has not appeared for his club since 20 December and missed the entire autumn internationals campaign but return...
Saints full-back has recovered from a calf injury Fisilau, Sella and Iyogun all included by Borthwick George Furbank has been included in England’s squad for the forthcoming Six Nations, handing Steve Borthwick a timely boost after recovering from a calf injury. The Northampton full-back has not appeared for his club since 20 December and missed the entire autumn internationals campaign but returns to the 36-man squad that will head to Girona next week for a warm-weather training camp. Furbank has been plagued by injuries of late and missed last year’s Six Nations with an arm injury. As reported by the Guardian, the Exeter back-rower Greg Fisilau is included as one of three uncapped players alongside the 20-year-old tighthead prop Billy Sella and the loosehead Emmanuel Iyogun. Continue reading...