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India’s RBI chief says inflation moderated, flags El Nino worries

India’s RBI chief says inflation moderated, flags El Nino worries

© Reuters. FILE PHOTO: Shaktikanta Das, governor of the Reserve Bank of India, participates in a news conference at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. REUTERS/Elizabeth Frantz NEW DELHI (Reuters) -India’s inflation has moderated, but lingering weather-related uncertainties still pose headwinds,…

White House, Republicans trade barbs as debt talks paused

White House, Republicans trade barbs as debt talks paused

2/2 © Reuters. FILE PHOTO: Speaker of the House Kevin McCarthy (R-CA) arrives for a portrait unveiling ceremony for former Speaker of the House Paul Ryan on Capitol Hill in Washington, U.S., May 17, 2023. REUTERS/Nathan Howard/File Photo 2/2 By Moira Warburton and Timothy Gardner WASHINGTON (Reuters) – President Joe Biden’s administration and congressional Republicans…

Explainer-What India’s decision to scrap its 2000-rupee note means for its economy

Explainer-What India’s decision to scrap its 2000-rupee note means for its economy

© Reuters. FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration By Ira Dugal MUMBAI (Reuters) – India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens…