Finance ministers and central bankers are gathering in Bangkok for the IMF and World Bank annual meetings as rising bond yields, renewed inflation pressure and public debt near record levels test the global economy.
The Indian rupee jumped about 1% against the dollar after the RBI introduced measures aimed at reducing demand for foreign currency and halting a slide that had taken the rupee close to 97.
An Indian national was among 14 people killed in attacks on Riyadh’s King Khalid International Airport over the weekend as renewed Saudi-Houthi fighting threatened aviation, shipping routes and the kingdom’s economic ambitions while increasing pressure on Washington to intervene.
