Asia Credit
India is not looking to dethrone the US dollar
The Reserve Bank of India, is reducing its US dollar exposure, repatriating gold from overseas vaults, and strengthening domestic control of its bullion reserves.
Why India tops the World Bank debtors list in 2025
Through decades of external borrowing, fiscal crises and ambitious development programmes, India has emerged as a case study of both regional vulnerability and the complex promise of sustainable growth.
World Bank seems to be having second thoughts about Tajikistan’s Rogun Dam
Ball now in Dushanbe’s court to justify high cost.
Kenya asks China’s approval to convert dollar-denominated $5bn railway loan into yuan
Apart from lobbying Beijing to convert the loan into yuan, Kenya hopes to generate $4bn by securitising a levy on imports to finance a planned extension of the China-built standard gauge railway (SGR).
Reserve Bank of India holds repo rate at 5.5% amid rupee pressure and US tariff threats
The Reserve Bank of India has kept the repo rate unchanged at 5.5% as the rupee continues to weaken under pressure from renewed US tariff threats.
Bank of Japan holds interest rate as inflation projections rise
The Bank of Japan has decided to maintain its benchmark interest rate at 0.5%, a move that was largely anticipated by markets.