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New Development Bank names RBI’s Rajiv Ranjan as vice president

BENGALURU, Aug 25 (Reuters) – New Development Bank (NDB), a multilateral lender developed by BRICS member nations, said on Monday it had appointed India’s central bank executive director, Rajiv Ranjan, as its vice president. Ranjan has been appointed as the vice president for five years, according to a statement. He will also serve as the chief risk officer, according to the NDB website. Ranjan, who joined the Reserve Bank of India in 1989, has served as an executive director and a member of the monetary policy committee since May 2022. The New Development Bank was established in 2015 by Brazil,

India warns Pakistan of flood threat in first known official contact for months

ISLAMABAD, August 25, 2025 (AP) — India has alerted Pakistan about possible cross-border flooding after heavy monsoon rains in the South Asian region, Pakistan’s Foreign Ministry said on Monday, in what marks the first public official contact between the two nuclear-armed rivals in months. The ministry said New Delhi conveyed the information through diplomatic channels instead of the Indus Waters Commission, the permanent mechanism created under the 1960 World Bank-brokered Indus Waters Treaty. An Indian government official, speaking on condition of anonymity because he was not authorized to speak to the media, said the warning was shared on “humanitarian grounds”

Gold slips Rs 200 to Rs 1,00,170/10 g, silver trades flat

New Delhi, Aug 25 (PTI) Gold prices slipped Rs 200 to Rs 1,00,170 per 10 grams in the national capital on Monday due to selling by stockists in line with a bearish trend in the global markets, according to the All India Sarafa Association. On Friday, the precious metal of 99.9 per cent purity had closed at Rs 1,00,370 per 10 grams. In the national capital, gold of 99.5 per cent purity dipped by Rs 150 to Rs 99,900 per 10 grams (inclusive of all taxes) on Monday. It had settled at Rs 1,00,050 per 10 grams in the previous

Rupee falls 6 paise to close at 87.58 against US dollar

Mumbai, Aug 25 (PTI) The rupee pared initial gains to settle 6 paise lower at 87.58 (provisional) against the US dollar on Monday, tracking a strong American currency and a recovery in crude oil prices. Forex traders said investors were cautious ahead of the implementation of the August 27 tariff deadline and the upcoming US economic data ahead of the Federal Reserve’s September 17 meeting. At the interbank foreign exchange market, the rupee opened on a positive note at 87.38, then touched an early high of 87.34 and an intraday low of 87.61 against the US dollar. The domestic unit

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