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Negligible chance of rate hike in near term: RBI MPC Member Saugata Bhattacharya

Mumbai, Feb 25 (PTI) Chances of benchmark interest rate going up are “negligible” notwithstanding building up of inflationary pressure on account of geopolitical tensions, external member of RBI’s Monetary Policy Committee (MPC) Saugata Bhattacharya said on Wednesday. Weather risks, rising metals prices and elevated crude oil amid geopolitical tensions will weigh on the consumer price inflation (CPI) going forward, Bhattacharya said. ” I see chances of a need to raise the repo rate as negligible in the near term,” he told PTI in an e-mailed interview. Bhattacharya and the five other members of the MPC voted unanimously to keep the

German leader presses China for fair trade and help ending Ukraine war

BEIJING, February 25, 2026 (AP) — German Chancellor Friedrich Merz called Wednesday for deepening ties with China, while pushing for fairer trade rules between the two countries and seeking Chinese help on Ukraine. Merz, who arrived in Beijing late morning for a whirlwind two-day visit, acknowledged differences during meetings with the country’s top leaders and called for collaboration “wherever possible.” “We have a few issues that we need to talk about today in the course of my visit,” he told Chinese Premier Li Qiang. “But I think there is also great potential for further growth of both our economies.” Both

Rupee dips 1 paisa to settle at 90.96 against US dollar

Mumbai, Feb 25 (PTI) The rupee stayed range-bound for the second consecutive day on Wednesday and settled 1 paisa lower at 90.96 (provisional) against the US dollar amid higher global crude oil prices and foreign fund outflows. A weaker greenback and positive sentiments in domestic equity markets prevented the rupee’s losses, according to forex traders. At the interbank foreign exchange, the rupee opened at 90.94 against the greenback and traded in a narrow range through the session before settling at 90.96 (provisional), down 1 paisa from its previous close. On Tuesday, the rupee settled 6 paise lower at 90.95 against

Notices to voters during SIR are BJP’s ‘votebandi’ after ‘notebandi’: Akhilesh Yadav

Lucknow, Feb 25 (PTI) Samajwadi Party chief Akhilesh Yadav on Wednesday said that notices to voters were being issued on a large scale during the SIR and described the exercise as the BJP’s “votebandi” (depriving one of voting right) after “notebandi” (demonetisation), alleging the ruling party’s intent “was wrong then and remains wrong now”. Yadav, according to a party statement, alleged that earlier only Muslims were harassed for documents, but now Hindus too were receiving repeated notices during the Special Intensive Revision (SIR) of electoral rolls. The Election Commission has extended the claims and objections period to March 6 for

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