Rupee weighs moderation in current account deficit, higher US yields
The Indian rupee is likely to open little changed to the U.S. dollar on Wednesday amid a moderation in the current account deficit (CAD) and an uptick in U.S. yields. Key Points
ReutersBluesky's new approach to moderation: Enhanced tools and user empowerment
Bluesky will reintroduce the option for users to report their own posts and assist the moderation team in rectifying inaccurate labels. The platform will also unveil new functionalities such as user lists and moderation lists. Key Points
mintIndia's October wholesale price index falls 0.52% y/y
India's wholesale price index (INWPI=ECI) in October fell 0.52% from a year earlier, staying in negative territory for the seventh straight month on weaker manufacturing and a moderation in food prices, according to government data on Tuesday. Key Points
ReutersIndia gaining momentum amid global uncertainty with moderating inflation, less volatile rupee: RBI Bulleti
The Reserve Bank of India (RBI) has stated in its October bulletin that India is gaining momentum despite global uncertainty. Inflation has eased and the rupee has become less volatile. The article highlights India's positive performance in high-frequency indicators, particularly in capital-heavy industries. The Indian rupee is currently displaying low volatility, and the moderation in inflation is reinforcing the country's macroeconomic fundamentals. The global economic scenario is also discussed, with a slowdown in global growth noted. Key Points
Economic TimesWhy was X, Elon Musk's social media platform, fined $386,000 by the Australian e-Safety Commission?
An Australian regulatory authority has levied a penalty of A$610,500 (roughly $386,000) against X, the social media platform owned by Elon Musk. Know why was the fine imposed. Key Points
Economic TimesIndia's economic activity likely to move to a lower gear in FY24: Report
India's economic activity is expected to decline and witness a lower growth print in FY24 on the back of a buoyancy in the services sector, moderation in inflation and the consistency in public sector capital expenditure, stated a report by Acuité Ratings on Thursday. According to the report, the growth print has been on a decline with the gradual elimination of the base factor along with the weakness in the export sector and lack of strength in rural demand. Key Points
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