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BusinessPhoto: Mint Markets

Canadian Dollar Near Four-Week High Ahead of Bank of Canada Rate Decision

The Canadian dollar held steady near a four-week high against the US dollar as investors anticipate a Bank of Canada interest rate hike next week. The loonie traded at 1.4050 per US dollar after reaching its strongest level since September 22. The central bank is expected to raise rates by 25 basis points to 2.50% on October 28 amid high inflation forecasts and persistent oil prices. Trade uncertainties with the US remain a concern for growth.

Mint Markets··Toronto

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BusinessPhoto: Amar Business

RBI Raises Repo Rate Due to Inflation, Further Hikes Possible in December

The Reserve Bank of India (RBI) has increased the repo rate to combat rising inflation. Experts suggest that interest rates may rise again in December if inflationary pressures persist. This move aims to control inflation and stabilize the economy by making borrowing more expensive, thereby reducing spending and demand.

Amar Business·

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BusinessPhoto: Firstpost

Rubio Visits Reliance Jamnagar Complex Highlighting US-India Energy Ties

US Secretary of State Marco Rubio and US Ambassador to India Sergio Gor visited Reliance Industries' Jamnagar complex, hosted by Mukesh Ambani and Anant Ambani. They toured the world's largest oil refinery, New Energy giga factories, a wildlife rescue center, and digital infrastructure projects. The visit emphasized Reliance's investments in energy and deep-tech manufacturing, showcasing plans to develop Jamnagar as a deep-tech hub.

Firstpost··Jamnagar

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WorldPhoto: News18 World

Drone Attack on Saudi Aramco Kills Filipino, Nepali; Indian Injured

A drone attack on the Shaybah oil field operated by Saudi Aramco in southeastern Saudi Arabia killed two foreign nationals—a Filipino and a Nepali—and injured two others, including an Indian and a Pakistani. The Saudi Energy Ministry said the drone was intercepted but falling debris caused the casualties and a fire in a contractor's vehicle. The attack is part of repeated strikes linked to Yemen's Iran-backed Houthi rebels.

News18 World·

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PoliticsPhoto: DNA India

CJP Leaders Saurav Das, Ashutosh Ranka Released on Rs 50,000 Bond

Cockroach Janta Party leaders Saurav Das and Ashutosh Ranka were released from judicial custody on a Rs 50,000 bond after assuring the Special Executive Magistrate they will not disturb public peace or call protests at Jantar Mantar while it remains de-notified. They expressed full faith in the judiciary and must appear before the SEM court on October 23. Police will file a verification report.

DNA India··Delhi

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PoliticsPhoto: Aaj Tak

Annamalai Criticizes Labeling Critics of CJP Action as Foreign Agents

K. Annamalai, former Tamil Nadu BJP president, questioned the central government over Delhi Police's action against CJP leaders. He criticized the practice of calling those who question legal procedures 'foreign agents,' highlighting concerns about freedom of expression and government accountability.

Aaj Tak·

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