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The rupee gained 33 paise to close at 94.93 against the US dollar on Friday, supported by market gains and a weaker dollar. Softer crude prices and RBI intervention supported the currency, while traders flagged geopolitical tensions and oil price risks

BRICS finance ministers and central bank governors called for greater representation of emerging-market and developing economies in the IMF and World Bank while criticising unilateral tariffs. The expanded bloc also backed local currencies and stronger cross-border payment mechanisms

The IMF lowered India's 2026 growth forecast to 6.4% due to higher global oil prices driven by the Middle East conflict but raised its 2027 outlook, citing resilient domestic demand, stronger economic activity, easing energy pressures, and sustained medium-term growth prospects despite global uncertainty

Finance Minister Nirmala Sitharaman accused Rahul Gandhi of consistently portraying India negatively and ignoring its economic progress. Highlighting growth, poverty reduction, welfare schemes and digital infrastructure, she said India remains resilient despite global challenges and continues advancing towards Viksit Bharat 2047

Kristalina Georgieva warned that prolonged Middle East war could push oil to $125 and worsen global inflation, activating adverse IMF scenarios. Growth may slow sharply, while energy volatility from the Strait of Hormuz keeps markets unstable

Rankings will eventually take care of themselves if incomes rise, opportunities expand, and inequality narrows; otherwise, even a higher place on the global table will mean nothing

Pakistan plans to repay the remaining USD 1.5 billion of a USD 3.5 billion loan to the United Arab Emirates by April 23, aided by International Monetary Fund inflows and Saudi Arabia support, helping stabilise foreign exchange reserves

EU leaders meet in Brussels to seek agreement on a massive loan plan to fund Ukraine’s military and financial needs, amid divisions over using frozen Russian assets, economic risks, and opposition from several member states as negotiations intensify at a high-stakes summit

The IMF approved a fresh US$ 1.2 billion disbursement to Pakistan under the Extended Fund Facility and Resilience Sustainability Facility, praising macroeconomic stability post-floods, while urging reforms in energy, public finances, and climate resilience to support sustainable growth

The government has appointed former RBI Governor Urjit Patel as India’s Executive Director at the International Monetary Fund for three years, replacing KV Subramanian. Patel, who earlier served at the AIIB and IMF, resigned as RBI Governor in 2018

GDP can open doors, but it is the human development indices that reveal whether people are walking through them

Following the 2024 ousting of Bashar al-Assad, countries are renewing ties with Syria. The IMF is planning reforms and capacity-building, but reconstruction could cost up to $400 billion

India registers its protest at the board of IMF; says the loan could be misused for financing state-sponsored cross-border terrorism

President Anura Kumara Dissanayake lifted the import ban on cars, having last week allowed only trucks, buses and double cabs

The IMF chief also pointed out a shift in market expectations, which leads to knock-on effects on asset prices and on exchange rates.

She said global growth is expected to be steady in 2025, but with regional divergence

The absence of a specialised regulatory authority and enforcement for the industry is too glaring to ignore

By snatching the mandate, they have dashed the nation's hopes," Khan alleged, the report said.

The emergence of BRICS Plus signifies a movement towards economic freedom from the hegemonic domination of the West

The PTI's letter, sent out ahead of the new prime minister Shehbaz Sharif's oath-taking on March 4, urged the IMF to give the poll results a thorough examination before cutting any new deal with Islamabad.