Monday, 23 May, 2022
TopicDollar-rupee swap

Topic: Dollar-rupee swap

Why RBI may intervene to curb rupee volatility but not prevent depreciation in the long run

The Russia-Ukraine crisis has led to a rush towards safe haven assets such as gold and the US dollar. Investors are selling riskier assets such as Indian equities.

Tough times begin to recede, India’s rupee seen back at 75/dollar by end of year

The prospect of a rare current-account surplus following robust foreign inflows & global oil-price collapse will help nudge the rupee higher, analysts say.The prospect of a rare current-account surplus following robust foreign inflows & global oil-price collapse will help nudge the rupee higher, analysts say.

Rupee rises to 75.84 against US dollar in early trade

Forex traders said positive start of domestic stocks and improved market sentiments with countries gradually lifting lockdowns supported the local unit.

Rupee rises to 76.20 against US dollar in early trade, gains 48 paise

Traders said investor sentiments remained fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as global economy.

Behind India’s chronic trade deficit, a few ignorant accounting formulas

A persistent and large deficit fails to pressure the dollar upwards, relative to the rupee, resulting in the latter’s overvaluation.

India’s forex reserves soar over $5 billion to reach $421 billion 

The maiden dollar-rupee swap conducted by the RBI last week helped foreign exchange reserves swell by a healthy $5.237 billion to $411.905 billion in the week to 29 March. 

On Camera

YourTurn

The World Economic Forum (WEF) meeting in Davos, Switzerland | Bloomberg Photo

Davos meetings are full of potential but rarely full of solutions

Time and time again, Davos has fallen victim to a lack of focus and actionable unifying vision. Individual and collective interests have remained unreconciled. 

World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

Representational image of drone. | Photo: Mark Kauzlarich | Bloomberg

As drones usher in new era of warfare, India’s growing UAV industry begins to take flight

With a growing indigenous base of drone manufacturers and exporters, and incentives from government, industry sentiment is bullish. However, some concerns remain. 

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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