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The Indian rupee was headed for a weekly decline on Friday despite softer-than-expected U.S. inflation data, with some traders saying the local currency underperformed its Asian peers due to a one-time dollar outflow. The local currency is down 0.6% from a week ago. By comparison, the onshore Chinese yuan was up 0.4% this week, the Indonesian rupiah rose 1.4% and the Singapore dollar by 0.8%.
New Delhi will enforce a mask mandate again after COVID-19 infections rose in the past fortnight, a government order showed on Thursday, though a similar order in April failed to improve compliance. New Delhi reported 2,146 new infections in the past 24 hours and eight deaths, the worst figures among Indian states and federal territories. The country reported 16,299 new infections during the period, taking the cumulative total to 44.2 million, while deaths rose by 53 to 526,879.
Shopkeeper filmed telling customer he had been told to deny rations to anyone refusing to buy flag in run-up to Independence Day People holding Indian flags during a boat rally to mark the 75th Independence Day at Neelangarai beach, in Chennai. Photograph: Idrees Mohammed/EPA
Hundreds of billions of dollars for clean energy projects, cheaper prescription drugs and new corporate taxes are a few of the key items in US President Joe Biden's massive investment plan, which Congress has now passed.
Firefighting teams and equipment from six EU nations started to arrive in France on Thursday to help battle a spate of wildfires, including a fierce blaze in the parched southwest that has forced thousands to evacuate.