Topic: Indian Rupee
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.
Indian stocks and rupee convulse as the country locks itself down
Stock market indexes crashed 13% as they tripped circuit breakers in the morning. The rupee slid 1.2% after retreating to an all-time low of 76.1550.
These are the pros and cons of the rupee falling to 75 a dollar
In the last one month, the rupee has depreciated by nearly 5 per cent against the dollar but this is unlikely to cause any challenge on the external sector front.
India’s $476 billion forex firepower can help arrest rupee’s panic drop
RBI could deploy some of the forex stockpile to steady the rupee, which has tumbled more than 2% over the past week as more coronavirus cases are detected.
Subramanian Swamy’s bizarre economic solution & Nirmala Sitharaman’s ‘inflation horse’
The best cartoons of the day, chosen by the editors at ThePrint.
Indian rupee expected to be top performer in Asia this year, key forecaster says
The worst of India’s economic slowdown has passed and the authorities are unlikely to use currency depreciation as a measure to revive growth.
Why the Rupee won’t be able to sustain its sudden rise this month
The Rupee has risen about 1% in the past month after falling by as much 1.2% in October and November.
India’s big plan to bring rupee trading home is an uphill task
Indian authorities are concerned a surge in rupee trading overseas threatens the stability of the currency, especially in times of stress.
Rupee, stocks fall to this year’s lowest as economic slowdown worsens
Even a record $24 billion payout by the RBI failed to excite markets as foreign funds pulled $2.3 billion from shares in August, the biggest outflow since October.
RBI says currency in circulation up by 17% despite PM Modi’s push for a digital economy
In its annual report, the RBI said currency in circulation soared to Rs 21.10 lakh crore as of March 2019, with the Rs 500 bill accounting for over 51% of the value of currency.
Your coronavirus nightmares are good for you. They’ll help prepare for scary times
If your dreams are dark, it’s just the mind’s way of coping. Dreaming about the precise problem you’re trying to solve may be especially helpful.
Modi’s 9-min candle plan Sunday: Needless spectacle or much-needed motivation for Indians?
PM Modi requested Indians to light candles, lamps or mobile torches at 9 pm Sunday for nine minutes in a show of solidarity in the fight against Covid-19.
Defence
In a first, Army deploys medical team at civil coronavirus quarantine camp in Delhi
The Indian Army has so far only been operating out of quarantine camps set up by the armed service for coronavirus patients.
Poke fun at taali, thaali, diya and mombatti all you want. Modi couldn’t care less
Modi knows who he needs to speak to, who he should toss, who he can address in kind. People accuse him of infantilising his voters, but it’s a winning strategy.