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India central bank not in favour of rate hikes to defend rupee, prioritises inflation, sources say

A man speaks on his phone as he walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India, February 7, 2025. (Photo: Reuters)

Mumbai, May 22 (Reuters) – India’s central bank does not see interest rate hikes as the best way to ​defend the embattled rupee, three sources said, a position at odds with markets, reinforcing that inflation – not the currency – will ‌guide policy on borrowing costs. The Reserve Bank of India has other levers it has yet to deploy, according to the sources familiar with the RBI’s thinking, which Reuters reported earlier included options such as dollar deposit schemes for non-resident Indians and tax tweaks for debt investors. All options remain on the table and are under consideration in coordination

Gold slips on stronger dollar, Fed rate-hike bets

New Delhi, May 22 (Reuters) – Gold edged lower on Friday, pressured by a stronger ‌U.S. dollar and as elevated oil prices have raised expectations for interest rate hikes by the U.S. Federal Reserve. Spot gold was down 0.3% at $4,527.60 per ounce, as of 0411 GMT. The ​metal has shed about 0.2% so far in the week. U.S. gold futures ​for June delivery lost 0.3% to $4,529.10. The dollar held near a six-week ⁠high, making greenback-priced bullion more expensive for holders of other currencies. “What’s been driving (gold) ​lower has been the stronger dollar, which in turn is being

Matt Brittin takes over as BBC director general – will the former Google exec’s tech world experience be right for the job?

Matt Brittin arrives for his first day on the job.

The BBC started a new chapter on May 18 when Matt Brittin took over as director general. The former senior Google executive has come to the broadcaster at a time of profound change in both media and technology. While the worlds of media and big tech face different challenges, their corporate and competitive strategies are becoming more and more intertwined. When his appointment was first announced, Brittin stated in the press release that “now, more than ever, we need a thriving BBC that works for everyone in a complex, uncertain and fast-changing world.” Here, Brittin finds himself on very familiar

The differences — and similarities — in the Trump and Putin visits to China

BEIJING (AP) — On the surface, Chinese leader Xi Jinping’s back-to-back summits with U.S. President Donald Trump and Russia’s Vladimir Putin looked pretty similar, with formal handshakes in Beijing’s Tiananmen Square, enthusiastic greetings from flower-waving children, and marching columns of soldiers with gleaming bayonets. But the visits also revealed how different China’s relationship is with the two countries. During Trump’s visit, China sought to stabilize ties with the United States, while Putin’s trip served to deepen its strategic partnership with Russia. Xi emphasized ceremonial hospitality during Trump’s visit, including a rare tour of Zhongnanhai, a former imperial garden that now

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