Business Finance
The Reserve Bank of India (RBI) has deployed $77 billion from its foreign exchange reserves to stabilize the Indian rupee, which has witnessed a sharp depreciation in recent months. This move reflects the central bank’s efforts to manage volatility in the currency market and maintain investor confidence amid global economic challenges. “Sharp Rupee Depreciation
International
Elon Musk has issued a stern warning to employees of X, the company formerly known as Twitter, highlighting significant financial challenges due to declining advertising revenue. In an internal email, Musk urged the team to focus on improving the platform’s performance, hinting that the financial strain could intensify if corrective measures are not taken swiftly. […]