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Get the appGetIndia's foreign exchange forward premiums have continued to rise following the Reserve Bank of India's recent policy rate increase. The one-year forward premium increased by 64 basis points this week, reflecting market adjustments to the central bank's monetary policy stance. This surge indicates growing costs for hedging currency risk over the next year.
Reuters·
On the night of October 6, two meteor showers will peak simultaneously, creating a spectacular celestial display. The event, starting with the 'Cosmic Dragon' meteor shower, will feature a rare conjunction of planets alongside the meteor activity. This unique astronomical phenomenon promises an extraordinary view of stars and meteors in the sky.
Amar Ujala·
Former US President Donald Trump stated that he believes he deserves the Nobel Peace Prize but expressed doubts about actually winning it. His remarks come amid ongoing discussions and speculation about Nobel Prize selections and predictions for the 2026 award. Trump’s comments have attracted media attention and public debate.
NDTV·
The Supreme Court will hear a plea challenging the split verdict that excluded the Chief Justice of India (CJI) from the panel selecting the Chief Election Commissioner (CEC). The case involves allegations that Justice Sharma did not disclose his son's link to the Election Commission of India during the CEC appointment hearing. The CJI has agreed to consider recalling the split verdict in this matter.
Telegraph India·
NASA has released a large collection of data from the historic Artemis II mission, including 800 GB of lunar science data, images, and astronaut recordings. The Artemis II crew observed flashes on the Moon during their orbit, sparking scientific interest. This release provides valuable insights into the Moon's environment and supports ongoing lunar research.
Nature·
GE HealthCare has acquired SOFIE Biosciences for $945 million to establish a 'Final Mile' footprint in the US for PET radiopharmaceutical supply. This acquisition aims to enhance GE HealthCare's capabilities in delivering PET radiopharmaceuticals, improving access and distribution within the United States.
BioSpectrum Asia·
Reuters·
India's foreign exchange forward premiums have continued to rise following the Reserve Bank of India's recent policy rate increase. The one-year forward premium increased by 64 basis points this week, reflecting market adjustments to the central bank's monetary policy stance. This surge indicates growing costs for hedging currency risk over the next year.
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