‘Deep market’: Why is Rupee left to ‘find its correct level’? Governor Sanjay Malhotra explains stance as currency hovers near 90

Reserve Bank Governor Sanjay Malhotra on Friday said the central bank does not target any specific price level or band for the rupee, and allows the currency to find its own “correct” value in the market, even as it hovers near the 90-per-dollar mark, PTI reported. “We don’t target any price levels or any bands….

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Rs 70k to Bengaluru but Rs 25k to London: Airfares explode amid massive IndiGo crisis; flyers rush for options

Skip Bengaluru. Take a trip to Thailand instead. Or Vietnam. Or London. Or even Singapore. All at a much much much cheaper rate than Delhi to Bengaluru, Goa, Pune or Goa. But you cannot travel to Hyderabad, at least not on Friday, because the tickets are sold out. Ironically, IndiGo flight tickets are available.The situation…

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‘Opportunity for us’: RBI governor Sanjay Malhotra sees impact of Trump tariffs as ‘minimal’; says ‘should be able to come out of this stronger’

US President Donald Trump in August imposed 50% tariffs on Indian exports to America, 25% of which are for India’s crude oil imports from Russia. (AI image) RBI governor Sanjay Malhotra is of the view that the tariffs imposed on Indian exports are an opportunity for the sector. In a post RBI policy press conference,…

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Attention FD investors! Fixed deposit interest rates may drop with RBI’s latest repo rate cut – Here’s how to maximise your returns

Fixed deposit investors may soon face another round of interest rate cuts after the RBI announced reducing the repo rate for the fourth time this year. The central bank on Friday reduced the interest rate by 25 basis points to 5.25%, which is down 125 basis points from the 6.5% level at the start of…

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IndiGo flight cancellations: Stock price crashes over 7% in 5 days; what’s the outlook?

InterGlobe Aviation, commonly known as IndiGo, has been struggling to keep up not just on the runway but also on the Dalal Street. As the chaos has stretched into its fourth day, deepening operational turmoil has also spilled into the stock market, with investor sentiment taking a visible hit as large-scale cancellations continue across the…

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IndiGo cancellations: On-time performance crashes to 8.5%! Chaos unfolds at airports with over 400 flights cancelled

IndiGo’s operational crisis deepened on Friday as its on-time performance at six major metro airports collapsed to just 8.5%, according to data published on the Civil Aviation Ministry website. The sharp fall became the latest flashpoint in a continuing disruption that has now stretched into its fourth straight day.The airline cancelled all departing flights from…

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