India’s popular seaside tourist destination, Goa, is experiencing a moderation in hotel room tariffs despite increases in other domestic hospitality markets during the year-end season. Tourist arrivals in the state rose by 6.23% from January to September 2025, according to the tourism department. However, a surge in new hotel room supply, social media comparisons with nearby international destinations, and challenges with public transport have collectively kept year-end rates subdued in this sought-after travel hotspot.
RBI likely sold $12 billion in gold reserves amid rupee pressure
India’s central bank, the Reserve Bank of India (RBI), is estimated to have sold nearly $12 billion worth of gold reserves within a two-week period ending May 22. The assessment, based on...
