Leave aside long data runs, even if focus is put on specific episodes of pronounced crisis such as COVID-19 pandemic, America excels in recovering rapidly from such phases.
RBI had expended more than $30 billion in three months in an attempt to stabilise the rupee, yet the currency still reached an unprecedented low of Rs 96.91.
RBI could give up its current interest rate position and hike rates, encouraging foreign capital to profit from that. But that hike would incur a cost on growth.
Recent data does not support any dramatic shift away from the dollar. As per IMF, the share of international transactions conducted in dollars has declined from 56.90% to 56.77%.
Replacing the dollar necessitates not only a rival currency but also an equally robust financial market, trusted institutions, and an ecosystem of banks, investors & payment infrastructure.
The other emerging market currencies experienced a more pronounced depreciation against the dollar than the rupee in 2024, resulting in a relative appreciation effect.
A big source of uncertainty will be trade after Trump assumes office. However, within India, rural demand is likely to sustain momentum & inflation is less likely to be a big problem.
Trump's threat to impose 100% tariff on BRICS nations won't worry Indian policymakers, given that it has consistently denied any interest in replacement of US dollar as global currency.
Belgium's 4-1 win is bigger than securing a berth at the quarter-finals. It was silencing a nation which had been doing things just out of muscle power. It was football's answer.
‘Security situation demands capabilities. The hum of machinery must become a roar,’ NATO chief Mark Rutte said as he announced 5 new military contracts. Drones and ISR take the lead.
The Congress party’s abandonment of nationalism is the most intriguing aspect of its post-2014 politics. The real Congress was never a party of bleeding heart pacifists.
Most points are valid. That said, America’s hegemony is causing global economic problem while they remain protected due to physical distance and vast energy resources.
Take the example of the Iran conflict. USA has started an unnecessary conflict far away from their land and created an energy crisis in Europe and Asia while protecting themselves.
Most points are valid. That said, America’s hegemony is causing global economic problem while they remain protected due to physical distance and vast energy resources.
Take the example of the Iran conflict. USA has started an unnecessary conflict far away from their land and created an energy crisis in Europe and Asia while protecting themselves.