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Congress’s nationwide protests: Several, including Rahul Gandhi, Priyanka Gandhi, detained

New Delhi: Congress leaders Rahul Gandhi and Priyanka Gandhi as well as party MPs, including Shashi Tharoor, were detained on Friday during the protest march against issues like inflation, GST on food items and unemployment. Congress leaders launched a protest from the Parliament to the Rashtrapati Bhavan on Friday. Protests were held at several places...

Rupee at all-time low, breaches mark of 79 against US dollar

Mumbai: The free fall of the rupee continues. On Wednesday, the Indian currency hit its lowest ever value against the US dollar, breaching the mark of 79 per dollar. It  depreciated by 18 paise to end at 79.03 per dollar (provisional) on Wednesday. Meanwhile, concerns over the rising inflation, interest rates, crude oil prices as...

Rupee falls further by 30 paise, hits new low

New Delhi: The Indian rupee fell further by 30 paise on Thursday to its all-time low of 77.63 against the US dollar. The fall comes just ahead of release of the retail inflation data for April in the evening. The poor performance of the Indian currency is being attributed to the foreign fund outflow, increasing...

RBI keeps repo, reverse repo rates unchanged; real GDP growth projected at 7.8%

New Delhi: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to keep the policy repo and reverse repo rates unchanged. While the repo rate continues to be 4 per cent, the reverse repo rate is 3.35 per cent. RBI Governor Shaktikanta Das announced the decisions of the MPC on...

Congress to take out ‘Mehengai Hatao rally’ on Dec 12 to protest inflation

The Mehengai Hatao rally will be taken out in Delhi; will be addressed by party president Sonia Gandhi New Delhi: Amid the rising cost of items, the Congress has announced that it will take out a ‘mehengai hatao rally’ in Delhi on December 12. In a press release, the party said that Modi (PM Narendra...

Declining inflation, surging economic indicators reflect India’s recovery picking up pace: Nirmala Sitharaman

Union finance minister Nirmala Sitharaman on Tuesday said that the drop in inflation and a surge in high–frequency indicators are reflecting the gathering momentum of recovery from the impact of the COVID-19 pandemic. “Retail inflation has once again dropped in August to a four-month low. Along with this, other high-frequency indicators are also picking up,...

RBI monetary policy: Interest rates unchanged; FY22 GDP growth projection at 9.6%

New Delhi: The Monetary Policy Committee (MPC) of the Reserve Bank of India kept the interest rates unchanged even as it kept its stance “accommodative”. While the repo rate has been retained at 4 per cent, while the reverse repo rate stands at 3.35 per cent. The lending rates have remained unchanged for last six...

Sachin Pilot slams Centre over rising inflation in India

Congress leader Sachin Pilot on Wednesday slammed the Centre over the growing inflation in the country. The Rajasthan MLA accused the Centre of not taking sufficient measures to arrest the rise in prices of goods and services affecting people. Notably, the Rajasthan Congress is holding protests against the Centre from July 7 to 17 over...

Priyanka Gandhi Vadra Slams Govt for Rising Inflation, Says ‘BJP has Picked Pockets of Poor’

Congress has been constantly targeting the government over Citizenship Amendment Act and inflation. At the same time, due to the rise in prices of food products and fuel, retail inflation has reached a five-year high in December. With which Priyanka Gandhi has accused the central government of picked pockets of poor and kicking on the...