Tuesday, 24 May, 2022

Topic: Dollar

RBI is unlikely to change interest rate in monetary review on 5 December

Since the previous policy announcement, the rupee has appreciated against the US dollar and moved above the crucial mark of 70.

Rupee to nosedive on rising oil prices & political uncertainty, says forecaster

With India importing 80 per cent of its oil needs, the rupee's weakness is also a reflection of the country's vulnerability to higher crude prices.

RBI surprises by holding interest rates and shifting to hawkish stance

The six-member monetary policy committee led by RBI Governor Urjit Patel voted 5-1 to keep the repurchase rate at 6.5 per cent.

How America has made a weapon of the dollar to stay put as economic superpower

The dollar allows the nation easily to finance its trade and budget deficits, other than protecting them against balance-of-payments crises.

The rupee fell past 70/$ and recovered. But don’t take your seatbelts off just yet

Chaos in emerging markets threatens to take the rupee beyond 70.50 by year-end, and America’s Iran threat is making it worse.

Can India afford the rupee crossing the 70 mark or should the RBI boost the currency?

Currency experts say the rupee is expected to breach the 70-to-a-dollar mark in the next six to eight months. Experts weigh in.

Looks like rupee will buck doomsday predictions, recover by year-end

Fresh estimate comes amid fears the Indian currency may slip to a record low of 72 against the dollar before 2019.

Rupee slips on crude price resurgence to hit all-time low against dollar

The currency slid 0.7% to as much as 69.0925 per dollar Thursday, past its previous record of 68.8650 reached in November 2016.

On Camera


Golden Temple

What Akal Takht must know about harmonium and music before banishing it from Golden Temple

In an era where India’s past and ‘purity’ are constantly being dug up and debated, the humble harmonium has become the latest victim.

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.


Boeing's F/A-18 Super Hornet pulls off its first successful launch from a ski-jump at Naval Air Station Patuxent River, US | Photo credit: Boeing

2 American Super Hornets in India as Boeing looks to showcase fighters for Navy deal

Navy looking at about 26 multi-role deck-based fighters for its aircraft carrier. Visit by Super Hornets comes close on heels of similar trip by competitor Rafale M of Dassault Aviation.

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.