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Follow our live updates for Texas Attorney General Ken Paxton’s impeachment proceedings. The Republican-dominated Texas House has scheduled a vote on the impeachment of the state’s Republican attorney general, Ken Paxton, for Saturday at 1 p.m. In February, Mr. Paxton agreed to pay $3.3 million in a settlement with the four former senior aides. Many of the investigators’ findings about Mr. Paxton were already known publicly, from the allegations made in the aides’ lawsuit. In 2015, his first year in that office, Mr. Paxton was charged with felonies related to securities fraud and booked in a county jail outside Dallas.

Mr. Zelensky, American and British officials say, seems to sense that when he shows up in person, he can both break through American resistance to sending more powerful weapons and pressure nations like India and Brazil that have stayed on the sidelines. Even before he arrived, Mr. Zelensky had won a significant victory. Mr. Biden met with the other leaders of the so-called Quad — Australia, India and Japan — on Saturday night. Mr. Zelensky will also meet with Prime Minister Fumio Kishida of Japan on Sunday, the Kyodo News agency reported. The G7 leaders have already pledged at the summit to toughen punishments on Moscow and redouble efforts to choke off funding for its war.

Russian service members rehearsing last week for the military parade in Moscow on Tuesday, when Russia celebrates the anniversary of the victory over Nazi Germany in World War II. More recently, he has tried to wrap Ukraine into that narrative, falsely depicting it as a Nazi redoubt. The parade is likely to be subjected to closer scrutiny than usual, both inside Russia and beyond its borders. This year, the jets have skipped their usual practice runs over Moscow, raising questions about whether they will participate. Dmitri S. Peskov, the Kremlin spokesman, said the march was canceled as a “precautionary measure” against possible attacks.

☆ An A.F.P. journalist was killed by rocket fire near the intense fighting in the area around Bakhmut.
▼ + stars: | 2023-05-09 | by ( Anushka Patil | ) www.nytimes.com time to read: 1 min

A video journalist working for Agence France-Presse, the French news agency, was killed by rocket fire near the town of Chasiv Yar in eastern Ukraine, A.F.P. Some of the heaviest battles of the war are being fought in and around the nearby city of Bakhmut. The journalist, Arman Soldin, 32, and four colleagues were with Ukrainian soldiers when they came under a Grad rocket attack on Tuesday afternoon, the agency said. Mr. Soldin is the 17th journalist to be killed in Ukraine since 2022, according to the Committee to Protect Journalists. His death came just two weeks after a Ukrainian journalist was killed and an Italian journalist injured in an attack on their way to the city of Kherson in southern Ukraine.

☆ Opinion: Six experts imagine an internet that women actually want
▼ + stars: | 2023-04-27 | by ( Cnn Opinion | As Equals | ) edition.cnn.com time to read: +13 min

Women still have less access to the internet, with men being 21% more likely to be online than women globally. One reason for this is because being a girl, teenager, woman, trans or non-binary person makes us victims of digital violence. An internet women want is one where there is no fear to comment, to express an opinion, or publish photos of our bodies -- and where there are no limits simply because you are a woman on the internet. Women stood together internationally when Iranian women cut their hair , showing how the internet politicises women, sparks debates and builds international solidarity. Therefore, an internet that women want -- and that works for women -- needs to start by being affordable for women.

☆ Russia-Ukraine War Russian Foreign Minister Wraps up Americas Tour at U.N.
▼ + stars: | 2023-04-24 | by ( Anushka Patil | Juston Jones | ) www.nytimes.com time to read: +3 min

Video For Valentyn, a Ukrainian soldier in the Donetsk region, the war’s death toll is more than a statistic. He is tasked with moving wounded troops — and dead bodies — away from the front lines, often under Russian fire. On the horizon, a military vehicle moves along a dusty road and screeches to a halt when it reaches the trees. A soldier named Valentyn parks it there for natural camouflage from Russian drones scouting for Ukrainian military positions. “This is a big tragedy for us.”“One more body is left behind with the Russian soldiers,” he added.

☆ Russia-Ukraine War News: Live Updates
▼ + stars: | 2023-04-21 | by ( Anushka Patil | Juston Jones | ) www.nytimes.com time to read: +3 min

“We are nine hours apart and over 10,000 kilometers apart,” Mr. Zelensky told Mexico’s lower house of congress — the Chamber of Deputies — in a virtual address shortly before 1 p.m. there. But speaking to Mexican lawmakers, Mr. Zelensky did not ask for military hardware or money. President Andrés Manuel López Obrador of Mexico has said little publicly since he condemned the war days after it started in February 2022. Mr. López Obrador, who leads the left-wing Morena Party, did not show up in the chamber where Mr. Zelensky spoke over a video link. “We recognize in you the struggle that you have been waging all this time in defense of your homeland and the dignity of your people,” he said, addressing Mr. Zelensky.

☆ INDIA RUPEE Rupee falls past 82/USD despite dollar weakness; outflows likely
▼ + stars: | 2023-04-11 | by ( Anushka Trivedi | ) www.reuters.com time to read: +2 min

MUMBAI, April 11 (Reuters) - The Indian rupee declined past the key psychological mark of 82 per dollar on Tuesday on likely corporate outflows and importer demand for the greenback, traders said. The rupee finished at 82.1250 to the dollar, having declined up to 82.15 during the session. They also cited importer demand through the session. So far, companies and bankers have had a bias towards rupee appreciation on improving macro economic fundamentals and carry trade appeal. "A sharp pick-up in services exports, increased smartphone exports and savings in the oil import bill... have likely altered India's CAD permanently."

☆ India's milk imports soar as disease hits local cattle stock
▼ + stars: | 2023-04-04 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +6 min

"Any upside risk coming from higher milk prices is going to pose an additional challenge," said Upasna Bhardwaj, chief economist at India's Kotak Mahindra Bank. "Cattle prices have doubled as there are fewer cows in the market," said Sharma, who has been raising cattle since childhood. "We will witness further rises in milk prices during summer," Shah said. India's SMP imports are likely to hit an all-time high in the fiscal year that started April, surpassing record purchases in 2011-12, dairy industry officials said. The temporary removal of those duties would mean imports rise even further, the NDDB official said.

☆ INDIA RUPEE Rupee to strengthen after Fed hints rate hikes nearing end
▼ + stars: | 2023-03-23 | by ( Anushka Trivedi | ) www.reuters.com time to read: +2 min

The non-deliverable forwards indicate the rupee will open at around 82.45-82.50 to the dollar compared to 82.6550 on Tuesday. Even though the Fed statement was perceived as slightly dovish compared to its stance earlier this month, it's unlikely the rupee will sustain its gains as we're expecting large dollar bids, said a state-run bank trader. Traders may be anticipating a dollar liquidity crunch in the domestic markets, and hence the rupee is expected to fall towards 82.65-levels, he added. Fed funds futures traders imply a nearly even chance of just one more 25 bps rate hike at the May meeting. "Much of the damage seems to have come from Treasury Secretary Yellen's parallel remarks... right when Jerome Powell was insisting that the banking sector was sound," ING analysts said in a note.

The non-deliverable forwards indicate the rupee will open at around 82.05-82.10 to the U.S. dollar compared with 81.91 in the previous session. These were Powell's first comments following the higher-than-expected U.S. January inflation data. He seemed to acknowledge that "disinflationary process" he spoke of repeatedly in a Feb. 1 news conference was not unfolding smoothly. Powell's comments pushed up the probability of a half a percentage point hike at the upcoming March meeting to 72%. 3** NSDL data shows foreign investors sold a net $122.4 mln worth of Indian bonds on Mar.

☆ INDIA RUPEE Rupee declines as Fed's Powell stokes fears of large rate hikes
▼ + stars: | 2023-03-08 | by ( Anushka Trivedi | ) www.reuters.com time to read: +2 min

MUMBAI, March 8 (Reuters) - The Indian rupee weakened on Wednesday, as a hawkish tone by Federal Reserve chair Jerome Powell stoked concerns about interest rates being hiked by 50 basis points (bps) again as soon as this month. Resuming trade after a one-day holiday, the rupee fell to 82.1275 per dollar by 10:34 a.m. IST compared with its previous close of 81.91. Powell, in a speech to lawmakers overnight, said recent stronger-than-expected economic data in the United States suggests that the ultimate level of interest rates could be higher than previously anticipated. "If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes." These were Powell's first comments following the higher-than-expected U.S. January jobs and inflation data that had led markets to expect around three more 25-bps hikes.

☆ INDIA RUPEE Rupee scales near 3-wk high as Chinese yuan boosts Asian FX
▼ + stars: | 2023-03-01 | by ( Anushka Trivedi | ) www.reuters.com time to read: +2 min

MUMBAI, March 1 (Reuters) - The Indian rupee hit a near three-week high against the dollar on Wednesday after a stronger Chinese yuan sparked a rally in Asian currencies. The rupee rose 0.20% to 82.50 per dollar, having strengthened up to 82.37 at one point, near its 55-day moving average of 82.3514 and at its highest level since Feb. 10. There were a "decent" amount of inflows into the market, and the broader sentiment was better, while a pullback in the dollar index helped the rupee, said a dealer at a private bank. Hence, the local unit is likely to stay in the range of 82.60-83.00 in the near term, Krishnamurthy said, noting that technically, only a break of either side on a daily close basis would trigger a directional move. Asian currencies and equities rose in response, while the dollar index fell 0.5%.

☆ INDIA RUPEE Rupee down on Fed policy bets, falls less than peers on likely RBI help
▼ + stars: | 2023-02-27 | by ( Anushka Trivedi | ) www.reuters.com time to read: +2 min

The rupee finished at 82.8350 per dollar, against its previous close of 82.75. The currency weakened up to 82.9475 during the session, its lowest level since Oct. 20, 2022 when the rupee hit a record low. Further declines on Monday were capped by a likely Reserve Bank of India (RBI) intervention via state-run banks, traders said. The Fed tracks the PCE price indexes for monetary policy. "Heading into the week, the rupee could come under pressure if the dollar index continues to gain," wrote HDFC Bank economists in a note.

MUMBAI, Feb 13 (Reuters) - Indian government bond yields are expected to trend higher this week, as sentiment stays bearish, but debt as well as the local currency will track U.S. and India inflation data. India's headline retail inflation print is due on Monday, followed by U.S. retail inflation on Tuesday. Bond yields jumped after the RBI highlighted core inflation concerns, keeping the door open for another hike. The rupee will take its cues from the U.S. inflation print and its impact on the dollar index, a trader with a private bank said. For the week, the currency could move between 82.10 and 82.80 unless the U.S. inflation data is a big surprise, dealers said.

MUMBAI, Feb 9 (Reuters) - The Indian rupee is expected to decline against the U.S. dollar on Thursday, weighed by hawkish comments from Federal Reserve officials and higher oil prices. The non-deliverable forwards indicated the rupee would open around 82.60-82.62 per dollar, compared with the 82.4925 closing in the previous session. Fed officials on Wednesday said more interest rate rises are on the cards in the central bank's efforts to bring down inflation. Moving to a rate of between 5.00% and 5.25% "seems a very reasonable view," New York Fed President John Williams said. Fed fund futures are pricing in rate cuts of about 30 to 35 basis points after peaking at around 5.12% in July.

MUMBAI, Feb 6 (Reuters) - The Indian rupee was headed lower against the dollar on Monday after a better-than-expected U.S. jobs report prompted investors to bet on more Federal Reserve rate increases. The 1-month non-deliverable forward suggested that the rupee would open at 82.35-82.40 to the dollar compared with 81.8275 in the previous session. "We continue to expect two more 25 basis points fed funds rate hikes in March and May, and we continue to expect no rate cuts in 2023." Goldman Sachs's call for no rate cuts this year compares to CME futures indicating shallow rate cuts later this year. "Oil prices are a big positive for the rupee, but we doubt that will have a large impact," the trader said.

MUMBAI, Jan 23 (Reuters) - The Indian rupee is expected to extend its gains this week, while government bond yields may move marginally higher due to worries about yet another year of elevated borrowing. The local unit is likely to add to its momentum and trade in a broad 80.50-81.50 range this week, analysts said. Despite the corporate flows in the market, steady foreign investment into equities is more important, so it seems appropriate for the rupee to trade around those levels, Biswas added. Market participants expect the benchmark bond yield to trade in the 7.30%-7.40% band this week. The Reserve Bank of India will auction 40 billion rupees each of five- and 10-year green bonds on Wednesday.

☆ India's foreign exchange reserves rise to 5-month high
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +1 min

MUMBAI, Jan 20 (Reuters) - India's foreign exchange reserves (INFXR=ECI) rose to $572 billion in the week through Jan. 13, their highest level since early August last year, the Reserve Bank of India's (RBI) statistical supplement showed on Friday. That is higher than the country's reserves of $561.58 billion for the week ended Jan. 6, and the more-than-two-year low of $524.52 billion hit in October 2022. The central bank has, in the past, said that changes in reserves also stem from valuation gains or losses. The rupee marked its best trading week in two months in the week ended Jan. 13 as it appreciated sharply on breaking out of a tight range. It continued to gain, albeit at a slower pace, in the current week ending Jan. 20.

Government bond yields are expected to tick up as investors shift focus to the upcoming budget. The rupee climbed 1.7% to 81.3250 per dollar last week, tracking a broad decline in the dollar index . There are a lot of positives for the rupee, including the Fed view, the broadly stable oil prices and the fall in Treasury yields, said Anil Bhansali, head of treasury at Finrex Treasury Advisors. Till then, bond yields should not fall much, as most people are expecting a heavy borrowing calendar," said Ajay Manglunia, managing director and head of investment grade group at JM Financial. Meanwhile, as a bulk of the fresh supply for the next financial year would hit the longer end, market participants expect yields to rise, while shorter-tenor yields may see some fall.

MUMBAI, Jan 11 (Reuters) - The Indian rupee may open slightly higher against the dollar on Wednesday, building on the previous day's momentum when it managed to move above important resistance levels, traders said. The rupee is tipped to open at around 81.66-81.70 compared with 81.7850 in the previous session. Yesterday, the rupee managed to scale multiple resistance levels that were there between 81.80 to 82.20, surprising most market participants, a spot trader at a foreign bank said. The rupee will simply be carrying yesterday's momentum at open, he added. Anil Bhansali, head treasury at Finrex Treasury Advisors, reckoned that after Tuesday's move, the new support levels for USD/INR are at 81.70 and 81.40.

☆ Indian rupee could see big breakout after being locked in tight range - analysts
▼ + stars: | 2023-01-04 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Jan 4 (Reuters) - The Indian rupee's narrow trading range against the dollar over the last three weeks may set the stage for a big directional move and a jump in volatility, analysts said. Volatility - Anushka"The longer the narrow range prevails ... the higher is the risk of a big eventual break," said Anindya Banerjee, head research - fx and interest rates at Kotak Securities. He pointed to an instance in the recent past when a narrow trading range was followed by a major slide for the rupee. In September-October last year, the rupee fell from 80.00 to 83.29 in just a month after being held in the 79.50-80.00 range. The rupee has repeatedly found support just under the 83 level over the last three weeks.

☆ Indian rupee ends 2022 as worst-performing Asian currency
▼ + stars: | 2022-12-30 | by ( Anushka Trivedi | ) www.reuters.com time to read: +2 min

MUMBAI, Dec 30 (Reuters) - The Indian rupee ended 2022 as the worst-performing Asian currency with a fall of 11.3%, its biggest annual decline since 2013, as the dollar rocketed on the U.S. Federal Reserve's aggressive monetary policy stance to tame inflation. Most traders and analysts expect the currency to move between a tight 81.50-83.50 range in the first quarter. Equity inflows would be a key metric to watch for the rupee for foreign investors as well, analysts said. But considering several uncertainties heading into 2023, such as tight monetary policy conditions, likely recession in some economies and an ongoing geopolitical conflict, gauging the direction of share markets had become tough, they added. If we get a selloff in Indian shares, I'll be less optimistic on the rupee," said Christopher Wong, FX strategist at OCBC Bank.

☆ India's forex reserves slip for second week
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +1 min

MUMBAI, Dec 30 (Reuters) - India's foreign exchange reserves (INFXR=ECI) fell to $562.81 billion in the week through Dec. 23, the Reserve Bank of India's (RBI) statistical supplement showed on Friday. For the week ended Dec. 16, the country's reserves were at $563.50 billion. The rupee has been calmer over the past couple of weeks, trading on the weaker side of 82.50 in a narrow range for the week ended Dec. 23. Traders have said state-run banks were likely offering dollars on behalf of the RBI to keep the rupee from breaching 83 per dollar. For the current week, rupee traded in an even tighter range in thin volumes and ended at 82.72 on Friday.

☆ Indian rupee's worst behind it; inflows crucial in 2023 - analysts
▼ + stars: | 2022-12-30 | by ( Anushka Trivedi | ) www.reuters.com time to read: +2 min

MUMBAI, Dec 30 (Reuters) - The Indian rupee is likely to hold in a tight range in the early part of 2023 but the worst is possibly behind it, said traders and analysts. Plus, an easing of commodity prices could help our trade deficit," he added. And while global commodity prices and the U.S. dollar retreated in the last quarter of 2022, the rupee failed to capitalise on it. The rupee is set to end the year down nearly 11% against the greenback, its worst annual performance since 2013. How the flows play out will be crucial to the rupee's fortunes in 2023.

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