Thursday, 11 August, 2022
TopicRupee fall

Topic: rupee fall

Rupee’s fall to 80/dollar will impact twin deficits. But here’s why you shouldn’t panic

India’s macroeconomic fundamentals continue to remain strong. Going forward, the recent moderation in the international commodity prices should slow down the slump.

RBI’s forex focus is a good start. It must be followed by more fundamental reforms

RBI hopes to boost forex inflows and stem rupee slump. But rupee likely to remain under pressure amid tighter global financial conditions & interest rate hikes by US Fed.

RBI intervenes with multi-pronged strategy in battle against rupee fall

The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency.

RBI ramps up forwards market intervention in bid to slow rupee decline, protect reserves

The Reserve Bank of India has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April, according to estimates by DBS Bank Ltd.

Rupee isn’t the only thing falling, bulldozer for nation-building, and how ED could help Congress

The best cartoons of the day, chosen by the editors at ThePrint.

Worst is yet to come for Indian rupee as oil costs widen deficits, say analysts

The bearish forecasts stem from a deterioration in India’s external finances. Higher oil prices threaten to widen the current-account deficit to at least 3% of the GDP.

Top Modi govt official taunts RBI with ‘wrath of markets’ jibe

Analysts have slammed economic affairs secretary Subhash Garg for a provocative tweet days after the RBI and the Centre sparred in the open.

On Camera

YourTurn

File photo of Sterlite copper unit at Tuticorin in Tamil Nadu | By special arrangement

Shut since 2018 violence, TN Sterlite plant’s closure cost economy Rs 14,749 cr, says study

Copper plant in Thoothukudi was closed after protests turned violent & police firing left 13 people dead. Job losses one of major impacts, says study by NGO CUTS International.

Defence

Representational image | Indian Army soldiers during the Army Day Parade at Cariappa Parade Ground in New Delhi | ANI Photo

Army looks to reduce troops by 2 lakh, deployment in Kashmir could be rejigged

The Army, which faces a shortage of about 1.35 lakh personnel, is aiming to reduce its strength from 12.8 lakh to around 10.8 lakh.

In Kashmir 3 years on, 3 positive changes, 3 things that should’ve happened & 3 that got worse

Kashmir as a crisis has fallen off our headlines and from the top of our collective minds. Which is precisely the most important change for the better.
×