MUMBAI, May 17 Reuters The Reserve Bank of India sold a net 20.1 billion in the spot foreign exchange market in the month of March to support the rupee against the U.S. dollar, its monthly bulletin showed on Tuesday. The central bank said its net outstanding forward dollar purchases rose to 65.79 billion at the […]

NEW DELHI, May 18 Reuters India39;s power ministry on Wednesday said it would cut domestic fuel supply to state governmentrun utilities by 5 if they do not import coal for blending by June 15, as officials struggle to address rising power demand. A heatwave pushed power use to a record high in April, leading to […]

FRANKFURT, May 18 Reuters The European Central Bank has told banks to buckle up and prepare for a bumpy road ahead as the Ukraine war hits the economy and a sudden surge in interest rates makes markets more volatile, the ECB top supervisor Andrea Enria said on Wednesday. Euro zone banks were just coming out […]

Q1 annualised GDP 1.0 vs forecast 1.8 Consumption, import bills weigh on growth Ukraine war, COVID19, costpush inflation cloud outlook Weak data may prompt call for more spending as polls loom TOKYO, May 18 Reuters Japan39;s economy shrank for the first time in two quarters in the JanuaryMarch period as COVID19 curbs hit the service […]