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By Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India’s forex swaps, to avoid directly impacting cash in the system as it supports the spiralling rupee, and the arbitrage between the offshore and onshore markets have inverted the dollar/rupee forward premiums curve. The implied yield on near-maturity forwards is now higher than on longer-term …

India cenbank’s FX swaps spur inversion of rupee forward premiums curve Read More »

By Ira Dugal This was originally published in the India File newsletter, which is issued every Tuesday. Sign up here to get latest news from India and how it matters to the world. Greetings from Mumbai! This week on the India File, we focus on soaring imports of Chinese steel into India, which may be …

India File: In the U.S.-China trade crossfire Read More »

By Amlan Chakraborty (Reuters) – As Mohammed Shami was tormenting local batters in Rajkot last week in his latest outing since returning from a year out due to injury, some questioned why one of India’s top seamers had not been flown out to Australia to support pace spearhead Jasprit Bumrah. In the wake of India’s …

Cricket-Door open for Shami as India look to lessen Bumrah’s burden Read More »

SYDNEY (Reuters) – Australia quick Josh Hazlewood bowled two spells at full pace at Adelaide Oval on Monday and thinks he will know in the next 24 hours if he will be available for the third test against India in Brisbane. Hazlewood missed the 10-wicket win over India in Adelaide on Sunday with the latest …

Cricket-Australia quick Hazlewood could be back for third India test Read More »

NEW DELHI (Reuters) – At least 40 schools received a bomb threat by email in Delhi on Monday demanding $30,000, ANI news agency said, while police officials conducted initial searches on school premises. Schools, railway stations and airports this year have been subject to hundreds of bomb threats, which have later turned out to be …

Dozens of schools in Delhi get bomb threats, ANI news agency says Read More »

(Reuters) -A wounded Australia roared back into the five-test series against India with a 10-wicket victory at their happy hunting ground in Adelaide on Sunday that saw them reclaim the lead in the World Test Championship (WTC) standings. The hosts had crumbled to a comprehensive defeat by a depleted Indian side in the series opener …

Cricket-Australia tickled pink after levelling series at Adelaide fortress Read More »