After keeping rates unchanged in the past two policy meetings, Governor Sanjay Malhotra said there was scope for rates to come down. But the economy is proving resilient in the face of US tariffs.
Possible improvements in US-India trade ties and a lower tariff rate could ease pressure, but if that doesn’t eventuate, RBI may be forced to support the rupee further.
Uncertainty over tariffs on India’s exports to the US and a less certain path for Federal Reserve rate cuts are exerting pressure on the rupee, which fell for a third straight session on Monday to 88.7988 against the dollar.
From Japan in the 1960s to China in the 2000s, many countries transformed their economies by using competitive exchange rates as part of their industrial strategies.
March has been a good month for equity & currency, backed by FPI inflows & weak dollar. Going forward, tariffs, Chinese markets, oil prices & corporate earnings may have a role to play.
In Episode 1587, ThePrint's Editor-in-Chief Shekhar Gupta analyses the global markets and economic reforms that have shaped the rupee's value over the past decades.
The rupee has been depreciating lately due to FPI outflows, dollar strength & weak corporate performance. The slide, however, is less steep compared to other emerging markets.
Corporate bonds are priced as a spread over the risk-free rate. In India, the reference risk-free rate is unreliable as large institutions are mandated to buy and hold government bonds.
As per a SEBI report, about 90% of F&O traders lose money because of market illiteracy. More than 75% of loss-makers kept trading even after losing money for two consecutive years.
After lapses exposed by terror attacks at Pahalgam and Delhi's Red Fort, Centre has hiked Intelligence Bureau's expenditure for investments in long-term assets from Rs 257 cr to Rs 2,549 cr.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
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