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RBI’s surprise, outsized intervention eases bearish bias on rupee

MUMBAI, Feb 12 (Reuters) – The RBI’s unexpected and decisive intervention in the foreign exchange markets over the past two days, worth as much as $11 billion by one estimate, has reduced the bearish bias on the currency. The Reserve Bank of India’s (RBI) intervention was brought on by a build-up in bearish bets against the rupee and the currency’s sharp slide over the past four months, analysts said. DBS Bank estimates the RBI sold $10 billion, while Goldman Sachs’ estimate is near $11 billion — a scale that surprised the market as the central bank’s involvement had reduced since

Nearly everyone in the world breathes bad air. This is what you can do to lower your risk

HANOI, Vietnam, February 12, 2025 (AP) — Everyone loves a breath of fresh air. Unfortunately, too often our air is anything but fresh. While air quality varies dramatically from place to place and day to day, nearly the entire world — about 99% of the global population — is exposed to air at some point that doesn’t meet the strict standards set by the World Health Organization, the agency has reported. Polluted air, laden noxious gasses or tiny, invisible particles that burrow into human bodies, kills 7 million people prematurely every year, the U.N. health agency estimates. And for the

Rupee rallies most in nearly 2 years on heavy RBI intervention

MUMBAI, Feb 11 (Reuters) – The Indian rupee rallied on Tuesday on the back of strong intervention by the RBI (Reserve Bank of India), which traders said could deter heavy speculative positioning against the currency in the near term. The rupee closed 0.7% higher at 86.8275 against the U.S. dollar, logging its biggest one-day gain since March 2023. The RBI likely sold between $4 billion and $7 billion to shore up the currency on Monday to help it hold above the 88 handle and the intervention continued on Tuesday, traders said. The currency hit its all-time low of 87.95 in

Supreme Court asks Election Commission response on pleas for EVM verification

New Delhi, Feb 11 (PTI) The Supreme Court on Tuesday sought the Election Commission of India’s response on the pleas seeking verification of the burnt memory and symbol loading units in EVMs in compliance of its judgement. A special bench comprising Chief Justice Sanjiv Khanna and Justice Dipankar Datta asked the poll panel to refrain from erasing or reloading data during the verification process. The pleas sought a direction to the poll panel to check and verify burnt memory/micro-controllers and the symbol loading unit (SLU) of electronic voting machines (EVM). The bench asked the poll panel to file its response

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