Bloomberg Business

India’s Forex Reserves See Sharpest Fall in More Than 10 Months

India’s foreign exchange reserves fell the most in more than 10 months on likely dollar sales by the country’s central bank to stabilize the rupee under pressure from equity outflows exacerbated by the rout in Adani Group companies.

India Blames Global Media Group of Tax Lapses After BBC Inquiry

Indian tax authorities, who searched the BBC’s offices this week, shortly after the British broadcaster aired a documentary critical of Prime Minister Narendra Modi, said they were probing a “prominent international media company” whose income did not match the scale of its operations in the country.

ECB to Win Inflation Fight Through Perseverance, Villeroy Says

The European Central Bank will probably lift interest rates to their peak by September and hold them there at least into next year to ensure inflation retreats back to the 2% target, according to Governing Council member Francois Villeroy de Galhau.

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