Wednesday, 10 August, 2022
TopicFalling rupee

Topic: Falling rupee

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.

Rupee falls to 75 for first time, stocks continue to drop as foreigners pull out $10 bn

Global funds are seeking safety of dollar while fleeing stocks, bonds & other currencies, emulating pattern that was hallmark of 2008 global financial crisis.

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.

RBI hand seen as rupee holds amid cooling oil prices

India’s forex reserves plunged $5.14 billion in the week ended 12 Oct. — the biggest drop in 7 years — hinting at the central bank’s intervention.

India’s headline inflation might be low, but it may not stay that way for long

Between a record-low currency, high oil prices, and a looming election, India's inflation rate could take a hit.

India likely to consider increasing import duties to curb deficit & prop up sagging rupee

The prime minister’s office is planning a meeting in New Delhi this week to review measures including curbs to curtail the trade gap.

On Camera

YourTurn

File photo of Sterlite copper unit at Tuticorin in Tamil Nadu | By special arrangement

Shut since 2018 violence, TN Sterlite plant’s closure cost economy Rs 14,749 cr, says study

Copper plant in Thoothukudi was closed after protests turned violent & police firing left 13 people dead. Job losses one of major impacts, says study by NGO CUTS International.

Defence

Representational image | Indian Army soldiers during the Army Day Parade at Cariappa Parade Ground in New Delhi | ANI Photo

Army looks to reduce troops by 2 lakh, deployment in Kashmir could be rejigged

The Army, which faces a shortage of about 1.35 lakh personnel, is aiming to reduce its strength from 12.8 lakh to around 10.8 lakh.

In Kashmir 3 years on, 3 positive changes, 3 things that should’ve happened & 3 that got worse

Kashmir as a crisis has fallen off our headlines and from the top of our collective minds. Which is precisely the most important change for the better.
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