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Wobbly dollar may offer fleeting relief to rupee, outflows remain pain point

Rupee hits record low

MUMBAI, Dec 12 (Reuters) – The Indian rupee is expected to open modestly stronger on Friday, supported by a weaker dollar, though traders warn the relief may be short-lived as persistent merchant and portfolio outflows keep pressure on the currency. The 1-month non-deliverable forward indicated the rupee will open in the 90.27-90.30 range versus the U.S. dollar, after settling at 90.3675 on Thursday. The rupee slipped to an all-time low of 90.4675 in the previous session with traders pointing to heightened dollar demand on account of corporate payments and positional adjustments after its previous record low of 90.42 gave way.

Trump won’t commit to weekend meeting on Russia-Ukraine war

WASHINGTON, December 12, 2025 (AP) — European leaders want to hold further talks on Saturday in Paris, but President Donald Trump says he wants to see more progress before agreeing to dispatch his advisers. “We’ll be attending the meeting on Saturday in Europe, if we think there’s a good chance,” Trump told reporters when asked about the proposed high-level meeting of leaders from Britain, France, Germany, Ukraine and the United States. “We don’t want to waste a lot of time with it.” Earlier Thursday, White House press secretary Karoline Leavitt expressed frustration with the pace of talks. Ukraine continues to

Time magazine names ‘Architects of AI’ as its person of the year for 2025

NEW YORK, December 12, 2025 (AP) — The “Architects of AI” were named Time’s person of the year Thursday, with the magazine citing 2025 as when the potential of artificial intelligence “roared into view” with no turning back. “For delivering the age of thinking machines, for wowing and worrying humanity, for transforming the present and transcending the possible, the Architects of AI are TIME’s 2025 Person of the Year,” Time said in a social media post. The magazine was deliberate in selecting people — the “individuals who imagined, designed, and built AI” — rather than the technology itself, though there

Trump signs executive order to block state AI regulations

WASHINGTON, December 12, 2025 (AP) — President Donald Trump signed an executive order Thursday aimed at blocking states from crafting their own regulations for artificial intelligence, saying the burgeoning industry is at risk of being stifled by a patchwork of onerous rules while in a battle with Chinese competitors for supremacy. Members of Congress from both parties, as well as civil liberties and consumer rights groups, have pushed for more regulations on AI, saying there is not enough oversight for the powerful technology. But Trump told reporters in the Oval Office that “there’s only going to be one winner” as

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