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Why emerging markets like India are wary of using modern monetary theory to fix the economy

Emerging markets have reasons to be wary of MMT. While every country prints legal tender & collects taxes in its own currency, not all can borrow in them.
Representational image | Dhiraj Singh| Bloomberg

Why growth of India’s forex reserves is set to slow after new RBI measures

RBI seeming to opt for a hands-off approach, which could lead to faster appreciation of rupee. On Tuesday, the currency posted its biggest single-day gain in 21 months.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

Tough times begin to recede, India’s rupee seen back at 75/dollar by end of year

The prospect of a rare current-account surplus following robust foreign inflows & global oil-price collapse will help nudge the rupee higher, analysts say.The prospect of a rare current-account surplus following robust foreign inflows & global oil-price collapse will help nudge the rupee higher, analysts say.
Indian two thousand and five hundred rupee banknotes|: Dhiraj Singh/Bloomberg

Virus disruption will push rupee to record 80/dollar, says Reliance forex head

Rupee has stronger link with growth & metrics like current account, balance of payments & global dollar dynamics have marginal impact, says Venkat Thiagarajan.
Representational image

Rupee rises 6 paise to 75.60 against US dollar in early trade

Forex traders said a positive start of domestic stocks supported the local unit, while sustained foreign fund outflows and concerns over Covid weighed on the local unit.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

Rupee rises 25 paise to 75.66 against US dollar as Covid-19 vaccine trial boosts investors

Forex traders said that besides the encouraging results in vaccine trial, higher opening of domestic equities and a weak greenback in overseas market supported the local unit.

The oil crash couldn’t have come at a better time for India’s rupee

As crude prices tanked, it brought relief for India: The rupee rebounded about 2% from a record low touched last month.
Representational image | Photo: Dhiraj Singh | Bloomberg

Rupee rises to 75.84 against US dollar in early trade

Forex traders said positive start of domestic stocks and improved market sentiments with countries gradually lifting lockdowns supported the local unit.
A cashier counts Indian rupee bank notes. | Photographer: Dhiraj Singh | Bloomberg

Rupee settles on a flat note at 76.27 against US dollar

Forex traders said the rupee is trading in a narrow range as losses in the greenback supported it, while weak domestic equities weighed on the local unit.

Rupee rises 81 paise against US dollar after RBI announces measures to support economy

The rupee, which opened on a positive note at 74.60, gained further momentum and touched a high of 74.35 against the US dollar.

On Camera

Muslim women walk with their children in Iraq (Representational image) | Commons

Globalisation of revenge

Nobody looks more ridiculous in the whole Iraq situation than the Europeans. A bit of their hypocrisy was on show in New Delhi.
A Reliance Industries Ltd. oil tanker truck.

Reliance Industries posts 15% profit drop as Covid hits oil demand

The company posted a net profit of Rs 9,567 crore in July-September compared with Rs 11,262 crore a year back.

Defence

File image of a BrahMos missile

India successfully test fires air-launched version of BrahMos missile from Sukhoi jet

The missile hit a sinking ship in the Bay of Bengal with accuracy, official sources said. It was fired after the Su-30 MKI aircraft travelled for over three hours.
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.