India

The Reserve Bank of India has introduced stricter norms on banks' net open positions in foreign currency dealings involving the rupee. Banks must now maintain positions within $100 million each day to curb speculative trading. The measure aims to stabilize the currency amid significant depreciation pressures.

March 28, 2026 Reported by AI

NCP leader Rupali Chakankar resigned as the party’s women’s wing chief on Friday night. The move comes a week after she stepped down as chairperson of the Maharashtra State Women’s Commission amid the Ashok Kharat scandal. Chakankar defended herself and called for a fair probe.

The Indian rupee weakened further to breach 94 and approach 95 against the US dollar—a new record low—following its prior plunge to 93.73 last week. Surging crude oil prices from Red Sea tensions and fears of a prolonged Gulf war drove the slide, while Indian stocks extended losses into a fifth consecutive week. Limited Reserve Bank of India intervention has heightened concerns of additional depreciation.

March 27, 2026 Reported by AI

Clashes broke out during a Ram Navami procession in West Bengal's Murshidabad district's Jangipur region on Friday, involving stone-pelting, vandalism and arson. The violence stemmed from arguments over loud music, prompting heavy police deployment. Prohibitory orders have been imposed and arrests made.

An Indian national was killed and another injured when debris from an intercepted missile fell in Abu Dhabi, UAE, on Thursday. The incident raises the death toll of Indians in the West Asia conflict to seven. The Indian embassy expressed condolences.

March 26, 2026 Reported by AI

The Central Bureau of Investigation (CBI) arrested Sunil Nellathu Ramakrishnan, alias Krish, from Mumbai for his role as a key facilitator in trafficking Indians to cyber scam compounds in Myanmar. The agency stated that the accused lured victims with job offers in Thailand before diverting them to scam centres in the Myawaddy region.