Wednesday, 28 September, 2022
TopicCurrency

Topic: currency

Trade in rupee can’t afford speed breakers from govt. RBI also needs to take care of a hitch

While RBI move to allow export/import to be invoiced in Indian rupee will solve some problems, there is no guarantee it will circumvent payment issues with Iran or Russia.

Why the rupee’s ‘record low’ is not necessarily a cause for concern

What ‘strong currency’ policy framers ignore is that almost every nation with a successful long-term record of development has pursued a ‘weak currency’ policy to win export markets.

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.

On Camera

YourTurn

Mohan Bhagwat’s mosque trip left BJP clueless. Only Mukhtar Abbas Naqvi is smiling

BJP ministers have been told to keep handy a list of their ministries' work. Used to praising Modi, they are worried what they will say if the PM asks them about their work.
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad | Reuters file photo

From ports to energy transition — Adani Group to invest over $100 billion in next decade

Speaking at Forbes Global CEO Conference in Singapore, Adani said the group intends to do more as a solar player & has earmarked 70% of the investment for the energy transition space.

Defence

Parts of Iranian made 'suicide' drone Shahed-136 after being shot down by the Ukrainian military | Reuters

All about Shahed-136, Iran’s ‘kamikaze’ drone that Russia is using to strike Ukraine

Over the past few days, Russia has hit multiple targets using these Iranian-supplied drones—including civilian structures and amenities—leading to the death of several Ukrainians.
Illustration by Soham Sen | ThePrint

AAP’s filling a big vacuum in Indian politics. Question is how long it can sustain without ideology

If you find admiration for AAP qualified, if not muted among many of the Modi-BJP’s critics, it is because they question it for its lack of ideological clarity. Especially on secularism.
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