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Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

Rs 35,000 cr in 5 months — NRI deposits surged as overseas Indians returned due to Covid

Deposits into repatriable accounts hit five year high, but the situation is returning to normal levels as workers are going back overseas for jobs.
Representational image | Dhiraj Singh| Bloomberg

Why growth of India’s forex reserves is set to slow after new RBI measures

RBI seeming to opt for a hands-off approach, which could lead to faster appreciation of rupee. On Tuesday, the currency posted its biggest single-day gain in 21 months.

Rupee rises 30 paise to 75.65 against US dollar in early trade

Forex traders said a positive start of domestic stocks supported the local unit, while it was affected by sustained foreign fund outflows and concerns over Covid-19 crisis.
Rs 2,000 banknote

Rupee drops 15 paise to 76.40 against US dollar in early trade

Forex traders said the weakness in the rupee was largely due to muted domestic equities and strengthening of the US dollar.
Representational image | Photo: Dhiraj Singh | Bloomberg

Rupee surges 41 paise to 76.05 against US dollar in early trade

Forex traders said the uptick in the currency counter was largely because market participants expect more stimulus measures from top central banks.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

Rupee drops 25 paise to 76.31 against US dollar in early trade

Forex traders said market sentiment weakened after a potential antiviral drug for coronavirus cure reportedly failed its first trial.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

Rupee falls 43 paise to settle at all-time low of 76.87 against US dollar

Forex traders said the weakness in the rupee was largely due to strengthening of the US Dollar against a basket of currencies as investors fled to safe haven greenback.
Rupee

Rupee settles 70 paise lower at 76.34 against US dollar

Traders said investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as global economy.
Representational image | Dhiraj Singh| Bloomberg

Rupee rises 49 paise to 75.64 against US dollar as market sentiment sees upturn

Traders said investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as global economy.
Former Niti Aayog vice-chairman Arvind Panagariya



Economic costs for India may be huge if COVID-19 fallout lasts 6 months: Arvind Panagariya

In an interview to ThePrint, former Niti Aayog vice-chairman Arvind Panagariya welcomes rupee depreciation as it will make Indian exports more competitive.

On Camera

Lalu’s loyalty to secularism is Tejashwi Yadav’s biggest political test in Modi’s India

In 1990, when then BJP president L.K. Advani was carrying out his rath yatra unbridled, it was Lalu Yadav as CM who had dared to stop him from entering Bihar.
Representational image. | A five gram gold coin sits on a counter inside a Titan Co. Tanishq jewellery store in Mumbai. | Photo: Dhiraj Singh/Bloomberg

Tatas got panned for Tanishq ad. But this state govt is the largest shareholder in Titan

Titan was set up in 1984 as a joint venture between the Tata group and a state govt. While the Tatas own 25.02% stake, the state govt owns 27.88% stake in the company.

Defence

Union Defence Minister Rajnath Singh meets his US counterpart Mark Esper at his office in South Block Monday | Twitter | @rajnathsingh

India & US agree on deeper cooperation in Indo-Pacific as Rajnath meets Mark Esper

The hour-long meeting between Defence Minister Rajnath Singh and his US counterpart Mark Esper came a day before the bilateral 2+2 ministerial dialogue in Delhi.
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.