inflationary pressures – Charm

India, being one of the world’s largest oil importers, is highly sensitive to fluctuations in global energy markets. (Representational Photo/Bloomberg)

Rupee hits record low at 96 against US dollar as oil prices climb

Cs news2 months ago03 mins

The Indian rupee fell to an all-time low on Monday, as stubbornly high energy prices due to the Iran war sent global bond yields soaring, denting risk appetite and deepening economic headwinds confronting the world’s third-largest crude importer. India, being one of the world’s largest oil importers, is highly sensitive to fluctuations in global energy…

Swiss cut key interest rate by a quarter percentage point, putting its target now at 0%

Cs news1 year ago03 mins

GENEVA (AP) — Switzerland’s central bank said Thursday it has reduced its target interest rate by a quarter of a percentage point, adding that inflationary pressures have eased. The Swiss National Bank says its policy rate would drop to zero from 0.25%, after noting that nearly flat inflation nosed into negative territory in May compared…