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Thursday, March 28, 2024
TopicIndian Rupee

Topic: Indian Rupee

Modi govt is now considering tapping overseas Indians to help lift the falling rupee

RBI has been selling dollars to redeem the rupee's value, but this has led to a drop in foreign exchange reserves by $26 billion.

The worst is yet to come for India’s rupee as crude oil bill jumps by 76%

The current-account deficit is also said to widen by 2.5% of the GDP as prices of commodities continue to rise.

Modi govt & RBI should allow rupee to fall, not lose nerve by the fear-mongering

The rupee's current rout can be seen more as an overdue recalibration than a flash in the pan.

India’s economic woes increase as declining rupee adds the burden of short-term foreign debts

With the currency losing more than 11 per cent to the dollar, India will need to pay an extra $9.5 billion when repaying the short-term debts.

Rupee has become hostage to oil price as India’s crude import bill surges

India's crude import bill has jumped 76% in July, pushing up dollar demand & forcing analysts to revise their Rupee forecasts.

More pain in store for rupee as India braces for external headwinds

While foreign currency debt has zoomed, various external vulnerability indicators paint a rather mixed picture, according to RBI's annual report.

Chidambaram blames rise in petrol, diesel prices on excessive taxes by the central govt

The former finance minister demanded that petrol and diesel be brought under the Goods and Services Tax immediately.

Rising oil prices and the impending general elections leave little hope for India’s plummeting rupee

The weakened rupee, Asia's worst performing currency, is prompting foreigners to sell their Indian assets. 

Petrol and diesel prices peak due to falling rupee and rising oil prices

Petrol price in Delhi rose to a record Rs 79.15 a litre and diesel climbed to a fresh high of Rs 71.15.

Highest number of Indian bonds sold in seven months, but inflow fails to rescue rupee

A rout in emerging-market currencies, high oil prices and fears of fiscal slippage before 2019 general election have made weakened the rupee.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.