The Indian Rupee recovered from an all-time low of 90.42 against the US Dollar. State-run banks and corporate inflows helped the currency close at 89.97. The Reserve Bank of India likely intervened to prevent further depreciation. Traders anticipate a wide trading range on Friday, with the monetary policy committee set to announce its rate decision.
The Chicago Tribune filed a copyright infringement lawsuit Thursday against Perplexity AI, alleging the startup has been unlawfully profiting off the newspapers content.
RBI also rejected banks suggestion to fix eligibility criteria to open basic accounts based on income and profile of customer saying that fixing an eligibility criteria would undermine the objective of repositioning BSBD account as an affordable banking product available to all customers.
