Continuing its intermittent fall against the US dollar, the Indian rupee dived to another all-time low of 72.98 on Tuesday. The currency has lost over 13 per cent in value against the greenback since the beginning of the year.

The auction on Monday raised about $1.6 million, government official Mohammad Asif told local Geo TV. That is just one-tenth of the amount PM Imran Khan had predicted, and only 61 of just over 100 vehicles were sold.

This is the second consecutive week of major fall in the reserves which indicates that the central bank has been selling the greenback to fight the fall in rupee, which had crossed the 73-mark earlier this week.

While several measures have been suggested to contain the rupee fall which has depreciated nearly 13% since the beginning of this year, you will be surprised to know that the Indian currency is not the only one to lose major ground due to geopolitical and fiscal factors.

The RBI's move signals that gold could be in demand as a store of value given the declining returns and capital values of fixed-income bonds in a rising interest rate environment.

The Trump administration says Islamabad is granting safe haven to insurgents who are waging a 17-year-old war in neighboring Afghanistan, a charge Pakistan denies.

Spicejet operates the first biojet fuel flight for the countrySpicejet's flight yesterday between Dehradun and Delhi was special. The flight was powered by a blend of 75% air turbine fuel and 25% biojet fuel. This was a first for the country which is looking for ways to cut down fuel costs.A blend of 25% of bio jet fuel and 75% of aviation turbine fuel (ATF) was carried in one of the two engines of the plane, while the other engine carried only ATF. International standards permit ...

Prachi Mishra, a Delhi School of Economics alumnus, pursued her PhD and MPhil in Economics from Columbia University.

Vajpayee is no more, but no one can doubt his contribution on economic, political and diplomatic fronts.

The mission chief of IMF described India as an elephant that is starting to run; after failed divestment bid, Civil Aviation Ministry plans Rs 11,000 crore bailout package for Air India; and China records first current account deficit in nearly 2 decades. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

IMF sees Indian economy as an elephant that is starting to run; SBI launches a unified payment terminal MOPAD; Swedish furniture maker IKEA opens its first store in India; and Google CEO Sundar Pichai questioned by US senators over reported Chinese search engine. Watch more in this episode of Business Wrap.

IMF sees Indian economy as an elephant that is starting to runThe International Monetary Fund (IMF) believes the $2.6 trillion economy is an elephant that is starting to run.What's more, its latest report on India not only reaffirms that the country is \"again one of the world's fastest-growing economies\" - accounting for about 15 percent of global growth - but also that India it could be what China previously was for the world economy.The report's favourable medium-term outlook re...

The International Monetary Fund (IMF) believes the $2.6 trillion Indian economy is an elephant that is starting to run.

Imran Khan's priority will be to get the economy back on track.

From human development indicators like health and education to economic parameters like tax-to-GDP ratio, currency performance, and current account deficit, Pakistan's track record is dismal on all fronts.

IMF said that the emerging market and developing economies have experienced \"powerful crosswinds\" in recent months, courtesy factors like higher yields in the United States, dollar appreciation, escalating trade tensions, geopolitical conflict, and rising oil prices.

Changes in visa rules to have serious adverse consequences on US economy: Nasscom  Indian IT body Nasscom has said the recent work visa-related changes announced by the US will have \"potentially serious adverse consequences\" on the American economy as it will make it more difficult for companies to employ skilled foreign nationals to fill critical skills gaps in the US. One of the changes, which come into effect on September 11, allows US Citizenship and Immigration Service...

India's growth accelerated to 7.7 per cent in the fourth quarter of Financial Year (FY) 2017-18. That was up from 7 per cent in the previous quarter.

Global debt is an issue of concern. The current level of world debt is so alarming, if not checked it could lead to the worst ever financial crisis.

The Union Minister's statement came a day after Prime Minister Modi while speaking at the Niti Aayog's fourth Governing Council meet said that the economy has grown at a healthy rate of 7.7 per cent but the challenge now is to take this growth rate to double digits.