Daily Republic News
- Business
- May 20, 2026
Rupee Hits Record Lows: Why RBI’s $1 Billion Daily Intervention Is Failing to Stop the Currency Slide
The Reserve Bank of India’s daily currency market intervention, estimated at about $1 billion, per four bankers, is slowing but not halting the rupee’s slide, with the currency hitting a string of record lows under pressure from high oil prices and surging U.S. Treasury yields.Th Read More
- Business
- May 20, 2026
Rupee Hits Record Low Near 97 Against US Dollar: How Crucial Import Shock Slams Your Household Budget
The Indian rupee slipped to an unprecedented lifetime low on Wednesday. It is now drifting dangerously close to the psychological threshold of 97 against the US dollar. The fall is driven by high global crude prices and foreign capital flight, while geopolitical tension in West A Read More
- Business
- May 20, 2026
Singapore Resists Wave of Banking Layoffs: DPM Demands AI Use for Upskilling Workers
Singapore’s banks and financial firms should use artificial intelligence to create better jobs and train workers for higher-value roles, not just cut costs, Deputy Prime Minister Gan Kim Yong said on Wednesday. Gan’s comments come a day after Standard Chartered said it would cut Read More
- Business
- May 20, 2026
India’s EPFO Prepares WhatsApp Chatbot To Track PF Balance And Resolve Account Claims
India’s state-run retirement fund manager is moving to your smartphone screen to cut down massive desk queues and long call wait times.The Employees’ Provident Fund Organisation (EPFO) will launch an artificial intelligence-driven WhatsApp chatbot within the month. Union Minister Read More
- Business
- May 20, 2026
Indian Rupee Plunges To Record Low 96.90 Against US Dollar As Energy Pressures Mount
The Indian rupee slumped to an all-time low of 96.90 against the US dollar immediately after the opening bell on Wednesday, extending a punishing losing streak.The domestic currency has broken its own lifetime lows for multiple consecutive trading sessions. This marks the rupee’s Read More
- Business
- May 20, 2026
US Secretary of State Marco Rubio’s India Visit: Agenda, Trade Talks, and Strategic Stakes
US Secretary of State Marco Rubio will land in India this Saturday for a crucial four-day diplomatic tour. The visit occurs at a highly volatile moment for bilateral relations. Behind the public display of unity at the upcoming Quad summit, intense trade friction is reaching a bo Read More
- Business
- May 20, 2026
JPMorgan Exec Lorna Hajdini Files Defamation Lawsuit Against Ex-Banker Chirayu Rana
JPMorgan Chase senior executive Lorna Hajdini has filed a defamation lawsui against ex-banker Chirayu Rana, accusing him of fabricating ‘sex slave’ claims, citing The Post report.The defamation lawsuit was filed by Hajdini against Rana in the New York State Supreme Court earlier Read More
- Business
- May 20, 2026
Stock Market Opening Bell: Sensex Fell 0.57%, Nifty 50 Plummeted 0.68% – Check Key Triggers
Stock Market Opening Bell: The Indian stock market benchmark indices, Sensex and Nifty 50 witnessed a gap down opening on, amid weak cues from global markets and concerns linked to rising inflation and elevated bond yields.While Nifty 50 declined 0.68% to 23,457.30, Sensex plumme Read More
- Business
- May 20, 2026
HSBC CEO Says AI Will Destroy And Create New Jobs, Urges Staff To Embrace Change
HSBC Chief Executive Georges Elhedery said on Wednesday AI would destroy and create certain jobs in the financial industry, and the bank was retraining its workforce to meet the challenge.Elhedery told an HSBC investor day event that staff needed to embrace AI-driven change rathe Read More
- Business
- May 20, 2026
Meta Layoffs: What Beyond Zuckerberg’s AI Investments Triggered 8,000 Job Cuts
Meta Layoffs: While continuing to increase spending on AI-centric infrastructure, and talent, Meta Platforms Inc has intiated sending alerts to thousands of employees that they’re being laid off, amid a restructuring plan aimed at reducing costs and bolstering efficiency.The com Read More
