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Pound Sterling At 2-Year Low As UK Economy Shrinks

Pound Sterling hit over 2-year low on Friday on an unexpected contraction in UK's economy reported the same day. Official data on Friday showed that the United Kingdom's GDP (gross domestic product) shrank in the June ended quarter at 0.2 percent, ...

India's Foreign Exchange Declines To $398.761 Billion

As per the RBI data, foreign exchange of India declined for the second consecutive week to $398.761 billion on the backdrop of tightening monetary easing in the world markets. The US Federal Reserve is likely to increase its base rate in ...