FX reserves had risen for seven successive weeks until the week ending 12th June. We first analyse the impact that FX purchases have had on the exchange rate in Real Effective Exchange Rate (REER) terms, volatility in USD/INR, liquidity in the banking system, and RBI’s balance sheet. … [Read more...] about Why is the RBI buying dollars aggressively?
American flight 11
The civil rights organisation, which had moved the apex court seeking an SIT or CBI probe into UP police encounters between January 2017 and March 2018, has filed a fresh interim plea in its pending PIL urging the court to set up a panel headed by a former SC judge to probe the encounters and the nexus between criminals and politicians. … [Read more...] about Vikas Dubey crime saga: Four arrested, SIT formed and ED ready for probe as investigations gather pace
During preliminary questioning, Trivedi admitted that he and Dubey were involved in the murder of Uttar Pradesh politician Santosh Mishra in 2001 and many other crimes, the SP said. The ATS has informed Uttar Pradesh Police's Special Task Force (STF) about the arrest, he said. … [Read more...] about Vikas Dubey encounter | Absconding aide of slain gangster arrested near Mumbai