Local Currency Trade: India rules out Brics currency proposal, backs local currency trade settlements

Leaders pose for a family photo during the Brics summit in New Delhi (Picture credit: Reuters) There is currently no proposal to introduce a common Brics currency, while discussions on settling bilateral trade in local currencies will continue as a way to reduce transaction costs, Sudhakar Dalela, secretary (economic relations) in the ministry of external…

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Capricorn, Weekly Horoscope, September 13 to September 19, 2026: Career and financial gains may come; avoid arguments and overspending; health needs attention

General:This week begins with a solid, respectable tone, the kind you usually prefer. Early on, seniors, mentors, or experienced people seem more willing to back you. That support steadies your mind and gives you room to think ahead. If you run a business, expansion plans may start taking clearer shape. If you work in a…

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Scorpio, Weekly Horoscope, September 13 to September 19, 2026: Career and finances improve from midweek; avoid heated arguments, overspending and risky investments

General:This week begins on uneven ground, Scorpio, and you may feel as if your footing isn’t quite steady. Early on, confidence dips, expenses rise, and your mood can be affected by small disappointments more than usual. You may crave moral support, yet not always ask for it directly. That’s the trouble. You expect others to…

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Sonu Nigam sells 3,082 sq ft commercial property in Mumbai’s BKC for Rs 18 crore, earns Rs 3.70 crore profit nearly three years after buying it for Rs 14.30 crore |

Sonu Nigam sells his BKC property for Rs 18 crore, earning a Rs 3.70 crore profit. Singer Sonu Nigam has sold a commercial property in Mumbai’s Bandra Kurla Complex (BKC) for Rs 18 crore, according to property registration documents accessed by CRE Matrix. The singer sold the 3,082 sq ft commercial space nearly three years…

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RBI moves to suck out excess liquidity

MUMBAI: The $136.4 billion raised by banks from non-residents and foreign lenders, then swapped with RBI, has swelled India’s foreign-exchange reserves by a record $44.9 billion to $785.7 billion in the week ended Sept 4. The windfall gives RBI a larger war chest to defend the rupee, but creates a problem at home with too…

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