Africa
Naira and Ugandan shilling face pressure as other African currencies steady
Import demand is weighing on Nigeria and Uganda, while dollar supply and corporate sales are cushioning Kenya, Ghana and Zambia.
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Results for “central banking”
Africa
Middle East
Iran's rial falls to new low as central bank offers up to $2 billion
The currency weakened beyond 2.68 million rials per dollar as sanctions, the naval blockade and inflation above 70% drove demand for hard currency and gold despite a state-bank intervention.
India
Modi urges wider global integration for India's UPI payment network
India's prime minister wants UPI linked with more national payment systems, prioritizing countries with large Indian communities and strong trade ties to reduce remittance and transaction costs.
Brazil
Lula defends Pix as Brazil seeks talks with Trump over US tariffs
President Luiz Inácio Lula da Silva linked the defense of Brazil's instant-payment system to opposition against US tariffs of up to 25%, while seeking a September meeting with Donald Trump during the UN sessions.
India
RBI moves to align loan-rate rules across banks and non-bank lenders
The proposed framework could require recognized benchmarks and fixed reset schedules for floating-rate loans, narrowing the pricing discretion of NBFCs while making policy-rate changes more visible to borrowers.
Europe
EU expands sanctions on Russian energy, finance and crypto networks
The European Union adopted a 21st sanctions package against Russia, widening restrictions across banking, crypto services, oil revenues, the shadow fleet, military supply chains and trade channels linked to Moscow's war economy.