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