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Friday, March 29, 2024
TopicFalling rupee

Topic: Falling rupee

Who said a falling rupee is good for exports? Doesn’t really work that way, data shows

ThePrint analysed exchange rate & trade data from April 2012 to September 2022, which shows there’s little relation between the rupee movement and performance of exports.

Rupee falls below 83 vs US dollar, as US treasury yields surge

According to traders, Rising crude prices in the international markets and risk-averse sentiment among investors weighed on the local currency.

Rupee falls to record low of 82.77 per US dollar, down from 82.36 in previous session

Traders from two private banks said that large dollar demand from two public sector companies had contributed to the rupee's fall to record low.

Rupee in narrow trading range, may inch higher ahead of US consumer inflation data

The rupee dropped to a record low of 82.6825 on Monday, but has managed to recover slightly, thanks to likely intervention by the Reserve Bank of India, which offset trading volatility.

India’s falling forex reserve isn’t a worry for now, but RBI has a tightrope walk ahead

With US Fed hiking rates, RBI might be pushed to increase its own rates to slow simultaneous fall of rupee & India's forex reserves. But this could also hurt economic growth.

Global slowdown could hurt India but don’t worry too much about recession in 2023

IMF’s World Economic Outlook has flagged concerns about a global recession. This should worry US & advanced economies but probability of recession in India seems low.

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.

Off The Cuff with Mahesh Vyas

In conversation with ThePrint Editor-In-Chief Shekhar Gupta & Senior Associate Editor Manasi Phadke at Off The Cuff, MD & CEO of Centre for Monitoring...

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.

Why Modi wants to stop war in Ukraine, and the rupee needs an Op Ganga of its own

The best cartoons of the day, chosen by the editors at ThePrint.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.