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British Pound Plunges To New Low, As Tax Cuts Spark Concern
The British pound fell to all-time low against the US dollar early Monday after Treasury chief Kwasi Kwarteng pledged a sweeping package of tax cuts, fuelling concerns about the government's economic policy as the United Kingdom teeters toward recession. The pound ...
Gold Loses Sheen As US-China Trade Talk Resumes
In India, gold fell in price for the second consecutive day as gains in the rupee limited any upward movement in the yellow metal. The metal on the MCX fell by 0.23% to ₹38,072 per 10 gram. Since its previous months' ...
India's forex reserves down at $309 billion as of April 18
After rising for seven straight weeks, India's foreign exchange reserves declined by $31.6 million to $309.413 billion in the week ended April 18 on account of a fall in currency assets. Total reserves had jumped by $2.79 billion to $309.44 ...
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