Asian Currencies Post Weekly Loss as Fed Rate Bets Boost Dollar

Asian currencies completed a weekly loss, led by the Singapore dollar and Malaysia’s ringgit, as the U.S. dollar climbed amid speculation the Federal Reserve is on track to raise interest rates this year.

India Growth Below 5% Adds Pressure on Modi to Spur Investment

India’s economy grew less than 5 percent for a second quarter, adding pressure on Prime Minister Narendra Modi to spur investment after winning the strongest electoral mandate in 30 years.

India Predicts Climb From Decade-Low GDP Growth Amid Risks

Gross domestic product will rise 4.9 percent in the 12 months through March 31, compared with the decade-low 4.5 percent in the previous fiscal year, the Statistics Ministry said in New Delhi yesterday.