Monday, 16 May, 2022
TopicCurrency

Topic: currency

Rupee set to be worst Asia currency after global funds shun India

The currency declined 2.2% this quarter as global funds pulled Rs 30,000 crore of capital out of India's stock market, the most among regional markets where data is available.

SubscriberWrites: China’s digital currency e-CNY – a tsunami or mere ripple against US dollar’s hegemony

Govts, markets and societies alike will have to adjust and transform. Central bank digital currency’s entry is the onset of real fintech disruption, writes Neha Baid.

Gujarat MLA’s eviction for wearing T-shirt is over the top. Don’t dictate personal choices

ThePrint view on the most important issues, instantly.

Singapore to discontinue SGD 1,000 notes from next year

The move was taken to counter money laundering, terror financing risks associated with large denomination. Banks can continue to re-circulate existing notes deposited with them.

Rs 35,000 cr in 5 months — NRI deposits surged as overseas Indians returned due to Covid

Deposits into repatriable accounts hit five year high, but the situation is returning to normal levels as workers are going back overseas for jobs.

Are people holding on to cash after lockdown? New RBI data seems to suggest so

Data shows a sharp increase in cash holding after the lockdown was imposed in March. The demand for Rs 2,000 notes has surged, say bankers.

Modi govt’s dollar bond made too many enemies

Now that $10 billion in subscription is unlikely to come in October, masala bonds, or rupee debt sold overseas to global investors, could be the solution.

RBI pushed for trading platform to make forex cheaper for retailers. But it benefits banks

RBI allowing banks to charge users a ‘pre-agreed flat fee’ affects its intention of reducing retail cost of buying & selling foreign currencies.

US removes India from its currency monitoring list

On May 2018, India was placed on the list of countries with potentially questionable foreign exchange policies along with China, Germany, Japan, South Korea and Switzerland.

Is the Indian rupee overvalued?

From being Asia’s worst performing currency, Indian rupee turned on its head weeks before 2019 elections and further appreciated after BJP’s victory.

On Camera

YourTurn

Bad timing could hamper LIC IPO

Most early public enterprise IPOs have been trading 75% below their original price, small investors concerned.

Defence

Representational image of army personnel in Ladakh | ANI

India ‘doesn’t foresee’ border fighting with China, but ‘won’t back down’ if tensions reignite

Aim is to ensure not just disengagement of troops, but overall de-escalation. Govt in favour of solving tensions through talks as it wants peace with all neighbours including China.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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