Friday, 12 August, 2022
TopicIndian Rupee

Topic: Indian Rupee

Sri Lanka-type abyss in India? It’s a fantasy of the Left that can only be dismissed

India’s sobriety and balanced approach has been a complete contrast to Sri Lanka and ranks as one of the better national economic policies anywhere in the world.

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.

Rupee falls to a record low at 78.28 per dollar, stocks slide amid global risk-off fears

The rupee slid as much as 0.6% on Monday, after having hit a series of recent lows. The benchmark S&P BSE Sensex Index slid about 2.8%, and bonds also declined.

Worst is yet to come for Indian rupee as oil costs widen deficits, say analysts

The bearish forecasts stem from a deterioration in India’s external finances. Higher oil prices threaten to widen the current-account deficit to at least 3% of the GDP.

Currency volatility may encumber India’s debut green bond

The bond is issued in rupees which has fallen 4% in value this year, discouraging investors.

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.

How should RBI tackle inflation? Give clear signal, revisit projections, adjust policy stance

Geopolitical tensions, supply side bottlenecks and post-Covid rise in demand are likely to disrupt inflation calculations. Lack of a clear RBI signal could even affect the rupee.

Rolling up the red carpet after polls & women’s day, and what united polarised voters

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

Rupee set to be worst Asia currency after global funds shun India

The currency declined 2.2% this quarter as global funds pulled Rs 30,000 crore of capital out of India's stock market, the most among regional markets where data is available.

As US Fed tapers bond purchases, India must avoid drastic policy responses to limit spillover

India was among the most affected countries when the Federal Reserve slowed down bond purchases in 2013, known as ‘taper tantrum’, which put pressure on the rupee.

On Camera

YourTurn

The new Hyundai Tucson. | Photo Credit: Special Arrangement

Hyundai’s new Tucson comes loaded to the gills. Its style and power match the price

First-generation Tucson was not only quite an ugly vehicle but also drove pretty badly. But the new edition shows how Hyundai has turned the corner.
Illustration: Soham Sen | ThePrint

How EPFO made Rs 68,000 crore off your retirement money by investing in exchange traded funds

Retirement fund body has seen rise in earnings from capital gains from equity. Its earnings are distributed among its subscribers, with EPFO retaining a small surplus.

Defence

Yuan Wang 5 vessel | ANI

Chinese research vessel Yuan Wang 5 has ‘slowed down’ but still en route Sri Lankan port

Yuan Wang 5 is currently 599 nautical miles away from Hambantota, having been at sea for 35 hours since departing the Chinese port of Taicang, according to latest data.

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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