rates

India’s rupee hits new record low as RBI holds rates

India’s rupee hits new record low as RBI holds rates

MUMBAI (AFP) – India’s rupee breached 74 to the dollar for the first time ever on Friday as the country’s central bank surprised analysts by holding interest rates.Economists had expected the Reserve Bank of India (RBI) to hike its key rate as Asia’s third-largest economy grapples with a plummeting currency and soaring oil prices.But the […]

Senate panel rejects changes to customs duty rates

Senate panel rejects changes to customs duty rates

ISLAMABAD:The Pakistan Tehreek-e-Insaf (PTI) government suffered on Tuesday its first defeat by a Senate panel that rejected changes to customs duty rates for a few industries after the authorities could not defend budgetary proposals in light of the PTI’s economic vision.The Senate Standing Committee on Finance rejected the reduction in customs duty rates for about […]

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