Russian bomb kills 33 on buses in Kramatorsk as Kyiv loses power Houthis hit Riyadh airport again as airlines suspend Saudi flights Trump rules out Iran strikes before midterms as Hormuz traffic falls Bond selloff deepens as France becomes the market's stress gauge Ethiopian drones hit Eritrean troops in Tigray as war fears grow Ukrainian drones hit Yandex data centre and Omsk refinery EU trade chief talks in Beijing as Germany blocks Cosco takeover AI demand lifts TSMC and Samsung to record results French school protests go on despite government pledges WHO presses Russia for answers after plague institute death Thousands march in Madrid after evicted pensioner Maricarmen dies WTO doubles global trade growth forecast on AI boom Italy passes Meloni's bonus-seat electoral law US and Russia discuss US investor in Nord Stream US suspends Microsoft, Adobe and major IT firms from green card programme Rubio calls Ukraine war a stalemate as Kyiv's team heads to US Britain keeps East Jerusalem consulate as 'UK mission' after Israeli closure order World Bank sees Middle East economy shrinking as Asia stockpiles oil Weak demand for Nvidia-backed IPO raises AI funding concerns ICC rules Duterte fit to stand trial Gaza marks three years since 7 October with 82% of structures damaged Israeli officer killed in southern Lebanon Residents of occupied Ukrainian town risk 'road of death' for food Two Latvians arrested inside RAF Molesworth perimeter South Korea recalls ambassador from Ukraine over North Korean POWs Fed's Waller says more rate hikes needed, with flexibility on pace US opens direct talks with Myanmar's generals South African anti-migrant protests turn violent Rupee nears record low after RBI rate hike Maduro and wife indicted over alleged torture of US citizens Royal Navy member charged with spying for foreign power Malaysia backs Myanmar's ASEAN return during Min Aung Hlaing visit China nominates Song Li for WHO director-general UK adds new Russia sanctions targeting finance and shadow fleet European intelligence services weigh fallout from ex-BND chief Hanning case Izmir mayor defects to Erdoğan's AK Party African Union launches its own credit rating agency At least 81 US aircraft lost or damaged in Iran war, CBO says South Korea test-flies first home-grown hypersonic weapon China-backed air training base in Laos watched warily by neighbours Russian bomb kills 33 on buses in Kramatorsk as Kyiv loses power Houthis hit Riyadh airport again as airlines suspend Saudi flights Trump rules out Iran strikes before midterms as Hormuz traffic falls Bond selloff deepens as France becomes the market's stress gauge Ethiopian drones hit Eritrean troops in Tigray as war fears grow Ukrainian drones hit Yandex data centre and Omsk refinery EU trade chief talks in Beijing as Germany blocks Cosco takeover AI demand lifts TSMC and Samsung to record results French school protests go on despite government pledges WHO presses Russia for answers after plague institute death Thousands march in Madrid after evicted pensioner Maricarmen dies WTO doubles global trade growth forecast on AI boom Italy passes Meloni's bonus-seat electoral law US and Russia discuss US investor in Nord Stream US suspends Microsoft, Adobe and major IT firms from green card programme Rubio calls Ukraine war a stalemate as Kyiv's team heads to US Britain keeps East Jerusalem consulate as 'UK mission' after Israeli closure order World Bank sees Middle East economy shrinking as Asia stockpiles oil Weak demand for Nvidia-backed IPO raises AI funding concerns ICC rules Duterte fit to stand trial Gaza marks three years since 7 October with 82% of structures damaged Israeli officer killed in southern Lebanon Residents of occupied Ukrainian town risk 'road of death' for food Two Latvians arrested inside RAF Molesworth perimeter South Korea recalls ambassador from Ukraine over North Korean POWs Fed's Waller says more rate hikes needed, with flexibility on pace US opens direct talks with Myanmar's generals South African anti-migrant protests turn violent Rupee nears record low after RBI rate hike Maduro and wife indicted over alleged torture of US citizens Royal Navy member charged with spying for foreign power Malaysia backs Myanmar's ASEAN return during Min Aung Hlaing visit China nominates Song Li for WHO director-general UK adds new Russia sanctions targeting finance and shadow fleet European intelligence services weigh fallout from ex-BND chief Hanning case Izmir mayor defects to Erdoğan's AK Party African Union launches its own credit rating agency At least 81 US aircraft lost or damaged in Iran war, CBO says South Korea test-flies first home-grown hypersonic weapon China-backed air training base in Laos watched warily by neighbours

Symbolic image: Rupee nears record low after RBI rate hike

Symbolic image

Rupee nears record low after RBI rate hike

3 sources

The Reserve Bank of India raised its repo rate by 25 basis points, and the rupee fell 13 paise to close at 96.88 against the US dollar on Thursday, according to The Hindu. Reuters writes that the hike will not stem outflows, leaving the central bank in a bind, while Bloomberg says the rupee is nearing a record low.