The RBI intervened by selling dollars to steady the currency, Bloomberg has learnt. The escalating conflict in the Middle East may stoke inflation and worsen the country’s widening trade deficit.
After keeping rates unchanged in the past two policy meetings, Governor Sanjay Malhotra said there was scope for rates to come down. But the economy is proving resilient in the face of US tariffs.
Possible improvements in US-India trade ties and a lower tariff rate could ease pressure, but if that doesn’t eventuate, RBI may be forced to support the rupee further.
Uncertainty over tariffs on India’s exports to the US and a less certain path for Federal Reserve rate cuts are exerting pressure on the rupee, which fell for a third straight session on Monday to 88.7988 against the dollar.
From Japan in the 1960s to China in the 2000s, many countries transformed their economies by using competitive exchange rates as part of their industrial strategies.
March has been a good month for equity & currency, backed by FPI inflows & weak dollar. Going forward, tariffs, Chinese markets, oil prices & corporate earnings may have a role to play.
In Episode 1587, ThePrint's Editor-in-Chief Shekhar Gupta analyses the global markets and economic reforms that have shaped the rupee's value over the past decades.
The Nirouyeh Vijeh Pasdaran Velayat, or NOPO, was the only force Ali Khamenei trusted.It was founded in 1991 and is more feared than the Revolutionary Guards.
Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.
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