Gupta joined X in February 2022 before Elon Musk acquired the company. He continued on his job after Musk fired over 80 per cent of employees in India in November.
The move is part of the Reserve Bank of India’s broader aim of promoting settlement in local currencies with countries with which India has a trade deficit, with the knock-on effect of boosting the rupee’s global reach.
Forex traders said the rupee fell to fresh record lows on Monday despite broad weakness in the dollar against its major crosses on suspected importer-related buying.
In November, the country’s largest carrier IndiGo had inked a memorandum of understanding (MoU) with NIA, becoming the airport’s launch carrier.
Total sales stood at just over 400 billion riyals (about $106 billion), down from 562 billion riyals ($150 billion in the second quarter of 2022.
Going by return on capital and earnings growth, India is very cheap in terms of valuation… India is the place for long-term growth’
The new uniforms will be introduced in a phased manner over the next few months, starting with the entry of service of Air India’s first Airbus A350 aircraft, the company said in a statement.
The government had selected State Bank of India (SBI) Managing Director Swaminathan Janakiraman as a Deputy Governor of the Reserve Bank of India in June.
The committee has now 25 members, as per latest update with the Securities and Exchange Board of India (Sebi).
RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Wednesday, and the policy review will be announced on Friday morning.