Tuesday, 5 July, 2022
TopicDollar

Topic: Dollar

Rupee falls to record low as dollar strength dents risk mood

The rupee dropped as much as 0.7% to 77.4337 a dollar Monday, slipping past the previous all-time low of 76.9812 touched in March.

Rupee rises 30 paise to 75.65 against US dollar in early trade

Forex traders said a positive start of domestic stocks supported the local unit, while it was affected by sustained foreign fund outflows and concerns over Covid-19 crisis.

Rupee drops 25 paise to 76.31 against US dollar in early trade

Forex traders said market sentiment weakened after a potential antiviral drug for coronavirus cure reportedly failed its first trial.

Rupee drops 70 paise to 74.96 against US dollar in early trade

Traders say there is a sense of anxiety among investors as they see the global as well as domestic economy plunging into a deep crisis due to COVID-19 pandemic.

Indians are not buying underwear. That’s how bad the economy is

Manufacturers and industry experts say small retail shops, hit hard by demonetisation & GST, aren’t buying stocks and are delaying payments.

India must overhaul its foreign exchange market to boost export, balance out trade deficit

Achieving a market-driven realistic exchange rate mechanism for the dollar was one of the key policy goals of the 1990-91 economic reforms in India.

Borrowing abroad is bold, but India first needs to produce data that lenders can trust

Cost of borrowing will go up if foreign lenders mistrust India’s budget estimates, off-budget borrowing or fear payment could be delayed to achieve annual targets.

Modi victory makes rupee a double-edged sword for RBI

RBI may have to rein in the rupee as foreign inflows are rising after election results and risk making Indian exports less competitive.

Pakistani rupee sinks to new low of 150/dollar as IMF bailout conditions begin to bite

Pakistan’s economy is on the brink of collapse, and the IMF sanctioned a $6 billion loan last week on the condition that the rupee be left to perform freely.

Rupee’s advance seems to be causing some discomfort for RBI

The central bank has announced plans to hold a $5 billion foreign-exchange swap auction for a three-year tenor.

On Camera

YourTurn

(L-R) Joe Biden, Xi Jinping, and Narendra Modi | ThePrint

India has interests on both sides of US-China divide. Cold War holds clues for path ahead

India’s strategic balance is weighted towards the West and its economic balance is towards China. But it needs more to build a multipolar world order.
Illustration by Soham Sen

Keep calm and carry on: Unlike wheat, rice isn’t hot yet

The world is worried that India might restrict exports of rice after wheat, pushing prices higher and worsening global food security.

Defence

ThePrint team | Rafale M jet (left) and Boeing's F/A-18 Super Hornet (right)

Indian Navy to go for govt-to-govt deal with US or France for fighter planes

Navy is in the process of expediting a trial report into operational demonstration by Rafale M of French firm Dassault Aviation and F/A 18 Super Hornet of American company Boeing.

Moral, political & ideological questions on Maharashtra: 1st is simplest to answer, 3rd trickiest

What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.
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