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The Reserve Bank of India's foreign exchange reserves decreased by $3.5 billion to $684.8 billion in the week ended September 25, primarily due to the central bank's dollar sales to prevent rupee depreciation. Foreign currency assets fell significantly while gold reserves saw a rise. Outflows from Indian stocks and bonds added pressure on the rupee.
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News and Media
Elon Musk's ownership of Twitter, now called X, has drastically shifted its political neutrality. Despite pledges for impartiality, Musk's posts and platform policies now favour Trump and his allies, suppressing opposing views and funding partisan efforts. His $120 million into America PAC supports Trump's campaign, drawing legal scrutiny.
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News and Media
Treasury secretary speaks out to reassure the markets after a rise in the cost of government borrowing.
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News and Media
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