REUTERS/Rupak De Chowdhuri
Police detain a protester fromthe main opposition Congress party during a protest against the government’s decision to withdraw 500 and 1000 Indian rupee banknotes from circulation in Kolkata, India. Picture REUTERS/Rupak De Chowdhuri
People gather in central Delhi for a protest against the government’s decision to withdraw 500 and 1000 Indian rupee banknotes from circulation.
Picture Cathal McNaughton/Reuters
Police use water cannon to disperse activists of the youth wing of India’s main opposition Congress party during a protest against the government’s decision to withdraw 500 and 1000 Indian rupee banknotes from circulation, according to a media release, in New Delhi, India. Picture REUTERS/Adnan Abidi
Indian villagers wait in a queue outside a bank to deposit and exchange 500 and 1000 rupee notes in Chandrapur Village. Photo Biju Boro/AFP/Getty
A cow stands beside a queue of people waiting to exchange their old high denomination banknotes outside a bank in Allahabad, India. Photo Jitendra Prakash/Reuters
A railway employee returns change to a passenger at a railway booking counter in Allahabad, India, on Wednesday. Picture: Jitendra Prakash/Reuters
A family looks at a wide array of school bags at a shop in Rawalpindi. Pakistan has re-entered the international bond market after a seven-year gap, the finance ministry said on Wednesday, raising $2bn to boost dwindling foreign exchange reserves and shore up the rupee.
Fishermen carry a box filled with fishes at a fishing harbour in the southern Indian city of Chennai. India’s data points for consumer prices are not robust enough to justify shifting from the current focus on wholesale inflation for monetary policy decisions, Reserve Bank of India Governor Duvvuri Subbarao said on Friday.
A labourer works inside an iron factory on the outskirts of Jammu. The sense of crisis building around the rupee’s precipitous fall is likely to deepen on Friday with the release of data expected to show India’s economy slowing to dangerously low levels
Passengers hold on to handles as they ride on a train during the morning rush hour in Mumbai, India. India’s biggest stock market swings in 16 months are poised to continue, boosting options prices as the prospect of reduced Fed stimulus spurs further weakness in the rupee, according to JPMorgan Chase & Co