Greece To Receive First Tranche Of Bailout Funds Today
The first disbursement of the Greece bailout loans is set to take place today as part of the agreement with the International Monetary Fund on a program to reduce Greek debt deal that was struck last month.
EURUSD rose on Friday and closed at 1.2974. The single European currency strengthened after Greece indicated that the International Monetary Fund had relaxed its debt-cutting target for the country, suggesting lenders were closer to a deal for a vital aid tranche to be paid.
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Russian sovereign wealth fund RDIF and State Bank of India plan to set up a USD 2 billion investment consortium aimed at promoting mutual investments between the two countries.The USD 10 billion-Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund.