Dollar index weakens further on soft US inflation data

The dollar index continues to stay weak under 100 mark on Friday as soft inflation data is reducing bets of a Federal rate hike. Data released yesterday showed US core producer prices increased less than expected in July, offering further evidence that inflationary pressures are not broadly intensifying following Wednesdays subdued CPI report. However, uncertainty…

Fugitive drug kingpin Virender Singh Basoya extradited from UAE

India’s Narcotics Control Bureau has secured the extradition of Virender Singh Basoya from the UAE. Basoya is accused of orchestrating a multi-crore cocaine syndicate and fled the country. This significant development follows sustained inter-agency coordination and international legal action. The Union Home Minister confirmed the successful apprehension of the fugitive drug trafficker. Investigators will now…