Home Tags Indian Rupee

Topic: Indian Rupee

Two thousand rupee banknotes | Dhiraj Singh/Bloomberg

India stops printing Rs 2,000 note, two years after its shock launch

The Modi government suspects the Rs 2,000 note is being used for hoarding, tax evasion and money laundering.
A roadside vendor sells festive Christmas hats and hairbands in Mumbai

Tumbling oil prices have delivered an early Christmas present to India’s currency market

Rupee on course for its best quarter since March 2017.

Rupee plunges to 72.42 per US dollar amid Urjit Patel exit, election trends

Sensex tanks over 500 points, Nifty falls below 10,400. Analysts say currency fall is a knee-jerk reaction. Indian assets declined as investors reacted to the shock exit of the central bank Governor Urjit Patel and as early trends showed the ruling Bharatiya Janata Party is heading for electoral losses in key states. The rupee weakened 1.3 percent against the dollar at 9:48 a.m. in Mumbai, while yields on 10-year sovereign bonds rose 8 basis points. The S&P BSE Sensex gauge of stocks dropped 0.8 percent. Patel quit Monday hours after equities closed their worst session in two months after exit polls predicted a close fight for Prime Minister Narendra Modi in Madhya Pradesh and Chhattisgarh, the party’s strongholds, and victory for Congress in Rajasthan. Patel’s shock exit dealt investors another bout of monetary policy uncertainty when they were already bracing for an electoral test of the ruling party. An adverse result may...
File image of Narenda Modi at the Chhatarpur election rally | @BJP4India/Twitter

PM attacks Raj Babbar for comparing sliding rupee to his mother’s age

Narendra Modi hits out at Babbar, says people resort to abuse when they don't have issues to talk about.
Representational image | Dhiraj Singh/Bloomberg

India may allow some imports from China to be settled in yuan

The plan would enable direct convertibility between the rupee and yuan and will help cut transaction and hedging costs.
Representational image

Sinking rupee bigger worry for top debt underwriter than Modi govt missing deficit target

With US Fed expected to continue tightening cycle & polls due in India, global funds may not be keen to invest in Indian assets.
Prime Minister Narendra Modi | PTI

Besieged PM Modi resembles Manmohan Singh in the last year of his term

Imploding institutions, rebellion, economic impediments are what Modi govt is facing in run-up to 2019, similar to Manmohan Singh's last months in office.
A bus conductor displays Indian bank rupee notes for a photograph in Coonoor

Lured by falling rupee, NRIs are going to send a record $76 billion to India

India is expected to receive remittances of about $76 billion in 2018, 10 per cent more than in the previous year, according to estimates by EbixCash.
Sensex

India’s Sensex set for biggest gain in two years on rebound

The stock index had fallen into a so-called correction last week after sliding more than 10 percent from a peak in August.
Shipping containers sit stacked at the Jawaharlal Nehru Port

Behind Rupee meltdown: India’s exports disaster under Modi Govt

Limited diversification, uncertain global conditions, GST and credit crunch badly hurt India’s exports even as rupee depreciated.

On Camera

PM Narendra Modi | Suraj Singh Bisht/ThePrint

4 reasons why Modi remains in the hunt for a second term

Without these 4 factors, Modi & BJP’s fortunes would have been sunk by govt's dismal performance on the economy, jobs & reckless steps like demonetisation.
GoT

Did the last season of Game of Thrones let down its legions of fans?

Many Game of Thrones fans across the world have demanded a remake of the 8th season of Game of Thrones saying the script didn’t match their expectations.

Defence

After 10-year wait, defence ministry to grant ex-servicemen status to military nurses

Military nurses had been seeking to be treated at par with other military officers, including doctors.
Illustration: Soham Sen | ThePrint

If Pragya Thakur wins this Thursday, Modi is in for an embarrassing 5 years

Never has one constituency had such a bearing on Indian nationalism and the pretence of a Gandhian polity. So what if PM Modi doesn’t forgive her in his heart?