Appliance prices rise, festive sales stay hot
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RBI signals readiness for further measures to rein in currency speculation
The Reserve Bank of India (RBI) has indicated it is open to implementing additional measures to curb speculation in the foreign exchange market. The central bank's stance was reported by the Economic Times, citing recent official comments. This move aims to stabilize the Indian rupee by managing excessive volatility driven by speculative trades. The RBI has previously used interventions and policy tools to maintain orderly market conditions.
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Two individuals sent to Tihar jail in defamation case filed by BJP leader
Saurav Das and Ashutosh have been remanded to judicial custody at Tihar jail. The arrest relates to a defamation case filed by BJP leader Amit Malviya. The case concerns the alleged sharing of a doctored video. The legal action was initiated following a complaint by Malviya alleging the video was fabricated to harm his reputation.
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US Judge Temporarily Blocks White House Ban on CNN, Politico Reporters
A US federal judge issued a temporary restraining order against the White House on Friday. The order prevents the administration from suspending the press passes of journalists from CNN and Politico. The judge found the White House's action likely violated the reporters' First Amendment rights. The case stems from a contentious press conference where the journalists' credentials were revoked.
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