Abstract:Earlier this week we reported that a negotiation is going on to resolve the issues about US Debt Ceiling Situation.

Earlier this week we reported that a negotiation is going on to resolve the issues about US Debt Ceiling Situation.
It was on Thursday, a person familiar with the discussions said Republican lawmaker Kevin McCarthy and U.S. President Joe Biden were inching closes to an agreement on the U.S. debt ceiling, and the two sides were only $70B apart on an agreement that would involve trillions of dollars.
The aim of the deal is to increase the government's $31.4T debt ceiling in return for limits on spending by the government.
Negotiations are going into the eleventh hour as the Treasury Department has said the government may run short of money to cover its expenses by June 1, which may result in a catastrophic default.
The deal will likely specify how much the government may spend on discretionary programs such as education and housing, but not be broken down into individual categories. Lawmakers may fill in the gaps in the coming weeks and months.
Earlier in the day, McCarthy said that they were making progress.
Even as Republicans say progress is being made, McCarthy is getting ready to possibly allow lawmakers to on Thursday leave Washington for a week-long recess, with the stipulation that they have to be ready to return to vote. Although the Senate is currently out, it has similar orders to be ready to return.


The Indian rupee settled at 95.15 against the US dollar on 5 August 2026, gaining 13 paise after the Reserve Bank of India's Monetary Policy Committee voted 6-0 to keep the repo rate unchanged at 5.25 percent for the third time in a row in FY27. The rupee had opened 46 paise higher, rallied to an intraday strongest of 94.89 ahead of the policy decision, and then drifted back as RBI Governor Sanjay Malhotra noted that the currency 'has not appreciated as intended despite the high flows from foreign shores.' A weak dollar index, a sharp pullback in Brent crude from above USD 100 in July, and net FII equity inflows of Rs 2,447 crore on Tuesday combined to support the rupee. USD-INR is expected to trade in a 94.80-95.50 band in the near term.

The Reserve Bank of India has appointed Monisha Chakraborty as Executive Director with effect from 3 August 2026; she will oversee the Foreign Exchange Department and the Financial Markets Regulation Department. Chakraborty is a career central banker with over three decades of experience in Supervision, Foreign Exchange, and Government and Bank Accounts, and previously served as Banking Ombudsman. This report explains the significance of the new RBI Executive Director appointment for forex regulation India, the scope of the Foreign Exchange Department and the Financial Markets Regulation Department, and what authorised persons, banks, and forex market participants should monitor as the new ED takes charge.

Moneta Global Financial Services LLC has received a Category 5 licence from the UAE Capital Market Authority, establishing a regulated structure for the company’s activities in the country.

A TickTrader white label can look like the fastest route to a modern branded trading environment, but a fast launch is not the same as a controlled launch. This 2026 broker guide explains what the TickTrader platform is, where a Soft-FX broker solution can sit in a wider operating stack, and how to evaluate the difference between a white label, a server licence, and a connected CRM or Client Office setup. It also unpacks TickTrader cost beyond the monthly headline, including implementation, integration, support, data, governance, migration, and exit assumptions. Use the practical questions, workflow tests, comparison table, and launch checklist to assess a Soft-FX TickTrader provider without mistaking a feature demo for evidence that your brokerage can run the service safely at scale.