scorecardresearch
Friday, March 29, 2024
TopicIndian Rupee

Topic: Indian Rupee

Indian rupee strengthens against US dollar as Asian markets power ahead on Europe bank rescues

After a week of turmoil in markets over bank failures in major economies, Asian shares and currencies rebounded on Friday, as the dollar index fell 0.3%.

Rupee falls to 81.75 against dollar, loss on stop losses and dollar outflows

The rupee was down 0.5% to the dollar and has been an underperformer among Asian peers. The offshore Chinese yuan was up 0.9%, leading Asian currencies higher.

Excess imports, sluggish exports — what makes India’s current account deficit more challenging

Majority of the country's deficit is due to negative balance in merchandise account. India usually runs a surplus in services & remittances, but incurs deficit in trade of merchandise.

Who said a falling rupee is good for exports? Doesn’t really work that way, data shows

ThePrint analysed exchange rate & trade data from April 2012 to September 2022, which shows there’s little relation between the rupee movement and performance of exports.

Will ask PM to include photos of Lakshmi, Ganesha on our currency notes, Kejriwal says

The Delhi CM said 'India will prosper' if photos of the deities are put on the notes. He also cited the example of Indonesia, a Muslim nation, that has a Ganesha on its currency note.

Rupee likely to slip on concerns over US yields as Asian currencies extend losses

The rupee is tipped at around 82.82-82.86 to the dollar at open compared with 82.76 in the previous session. On Thursday, rupee dipped to a record low of 83.25.

Rupee falls to record low of 82.77 per US dollar, down from 82.36 in previous session

Traders from two private banks said that large dollar demand from two public sector companies had contributed to the rupee's fall to record low.

Fall of rupee is good for economy. More jobs can be created through foreign investment, exports

Campus Voice is an initiative by ThePrint where young Indians get an opportunity to express their opinions on a prevalent issue.

Indian rupee could hit $84-85 by March on trade deficit, oil woes, report says

Mumbai: The Indian rupee could drop to 84-85 to the dollar by March due to rising crude oil prices, high trade deficit and depleting foreign exchange reserves,...

Is India shining again? Why flashing victory sign too soon is a perilous national trait

Victory has been declared in all kinds of areas, from the quality of our airports to vaccination numbers. But there is also much that is wrong, much that looks dangerous.

On Camera

Oka to Nagarathna—Bombay High Court judges taking up the cudgel when faith in courts eroding

When lynching, hate speech and bulldozer politics do not speedily invite the wrath of courts, then something is wrong with the third pillar of governance.

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

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.