India's central bank digital currency known as the digital rupee will start getting accepted as a retail payment by some of the biggest merchants in the nation including Reliance Retail, India's largest retail chain.
The Indian rupee edged higher on Thursday, as risk assets jumped after the U.S. Federal Reserve meeting, but gains in the local currency were capped as equities remained jittery. In local markets on Thursday, a decline in Adani Group shares after the conglomerate shelved a $2.5 billion secondary share sale dominated the mood yet again. Indian equities were tepid and traders cited worries about more foreign investor outflows.
Wall Street was higher as investors sort through a wave of corporate earnings ahead of Wednesday's crucial Federal Reserve interest rate decision.
FTSE cautious as investors brace for central bank decisions in the UK, eurozone and the US later this week.
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KARACHI, Pakistan (Reuters) -The Pakistani rupee fell 9.6% against the dollar on Thursday, central bank data showed - the biggest one-day drop in over two decades - in a slump that may persuade the International Monetary Fund to resume lending to the country. The drop comes a day after foreign exchange companies removed a cap on the exchange rate, a key demand of the IMF as part of a programme of economic reforms it has agreed on with the cash-strapped South Asian nation. The currency's official value closed at 255.4 rupees against the dollar versus 230.9 on Wednesday, the central bank said.
The Indian rupee rose against the U.S. currency on Wednesday, helped by likely dollar inflows and gains in most major Asian peers. The rupee last traded at 81.59 per U.S. dollar, compared with 81.72 in the previous session. It was a choppy session, with the local currency trading in a range of 81.50 to 81.76.
London’s blue-chip index fnished in the red.
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UK public borrowing increased by more than expected last month as the government ploughed billions into its subsidies for household bills.