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The parent company behind SpiceJet Ltd (SPJT.BO) said on Wednesday it could not afford to spend what could be hundreds of millions of dollars to rescue the beleaguered low-cost airline, raising questions over its future.SpiceJet was granted a reprieve on Tuesday after the government asked suppliers to give it more time to pay its bills. But it was still forced to ground its entire fleet on Wednesday ...
The rupee retreated from 13-month lows after the Reserve Bank of India stepped up intervention, while bonds also recovered despite concerns over whether foreign funds will stick with India, one of the star performers this year among emerging markets.Intervention from the RBI was larger than in recent sessions, traders said, with some estimating dollar sales of nearly $500 million. Meanwhile, buying ...
Gold steadied below $1,200 an ounce on Wednesday after a volatile previous session as traders awaited the outcome of the U.S. Federal Reserve's last policy meeting of the year, when it may signal how soon it will raise interest rates.Investors were also eyeing Russia after the rouble plunged more than 11 percent against the dollar on Tuesday despite a hefty interest rate hike by the country's central ...
Gold steadied at just below $1,200 an ounce on Wednesday ahead of the outcome of the U.S. Federal Reserve's last policy meeting of the year, when it may signal how soon it will raise interest rates.Investors were also keeping an eye on Russia after the rouble plunged more than 11 percent against the dollar on Tuesday despite a hefty interest rate hike by the country's central bank.Spot gold was nearly ...
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