Thursday, 18 August, 2022
TopicRupee

Topic: rupee

Ventriloquist’s guide to splitting rival party & GST Council’s recipe for sour curd

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

For India, economic disorder is a reality to be reckoned with, but it also presents an opportunity

Economic consequences of multiple, random elements of disorder have been disorienting. The cycle of events could even end the Chinese super-growth story, which could benefit India.

With US Fed tightening, RBI seen prudent in spending forex reserves to defend rupee

Sources said that RBI is intervening in all foreign-exchange markets including the offshore markets and will continue to do so to protect the rupee which slid to a record low Monday.

Why RBI may intervene to curb rupee volatility but not prevent depreciation in the long run

The Russia-Ukraine crisis has led to a rush towards safe haven assets such as gold and the US dollar. Investors are selling riskier assets such as Indian equities.

Investors say cash ‘only safe haven’ in India as markets recoil from oil shock

Rupee is down to a record low, dragging stocks and bonds. And with few signs the commodity boom will end soon, investors are bracing for more possible losses.

Rupee sinks to lifetime-low as Ukraine crisis threatens to push India’s oil-import bill

Rupee declined as much as 1% to 76.96 per dollar, past its previous low of 76.90. It has now turned into Asia’s worst performer this year.

Why RBI must stick to fundamentals amid global churn to ensure macroeconomic stability

More and more central banks are shifting their focus back to inflation even as growth recovery remains nascent. In this environment, RBI should avoid drastic policy responses.

How Sri Lanka’s overnight flip to total organic farming has led to an economic disaster

President Gotabaya Rajapaksa was forced to impose an economic emergency on 31 August to contain soaring food inflation, and currency devaluation and forex reserves crisis.

How Narasimha Rao and Manmohan Singh rescued India in 1991 and made history

The reforms were undertaken exactly 30 years ago, at a time when India was facing its worst economic crisis. Here’s a look at what led to the crisis and how India weathered it.

Rupee slides toward year’s low as India’s trade deficit widens

Some experts forecast the currency to depreciate to 76 per dollar by year-end, while others have a slightly less pessimistic projection of 75.

On Camera

YourTurn

Bihar Chief minister Nitish Kumar with Deputy CM Tejaswi Yadav | ANI File Photo

Operation Lantern fails to light up in Bihar. And BJP in search of a Brahmin face in UP

The no-fuss change of government in Bihar, without horse-trading or MLAs in resorts, has prompted a coalition partner to request the CM to make arrangements for a trip to a hill station.
Farmers plant paddy saplings in a field | PTI Photo

Good news from the farm as India’s FY22 foodgrain production estimated at record 316 mn tonnes

Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years.

Defence

(From left) Defence Minister Rajnath Singh, External Affairs Minister S. Jaishankar, US Secretary of Defence Lloyd J. Austin and US Secretary of State Antony Blinken after the India-US 2+2 Ministerial Dialogue, in Washington, 12 April, 2022 | Credit: ANI Photo/ PIB

USAF secy needs Pentagon escort but Indian attaché doesn’t — that’s how deep India-US ties are

Frank Kendall, Secretary of the US Air Force, says the unescorted access to Pentagon for Indian defence attaché 'is aligned with the trust and cooperation we share'.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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