Saturday, 29 January, 2022

Topic: rupee

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.

From worst, to best: Rupee becomes Asia’s top currency as India’s Covid crisis begins easing

The revival in the rupee’s fortunes reflects the country's efforts to tackle the pandemic, with local lockdowns helping to rein in daily cases which were the world’s highest in April.

Why higher inflation could be India’s next big worry amid worsening Covid crisis

Higher global inflation, rising commodity prices, a weaker rupee and local lockdowns could bring in higher prices.

Rupee is bouncing back from being Asia’s worst currency, thanks to flood into stock markets

Rupee has gained 0.6% this year against dollar, and there are signs it could keep rallying. A recovering economy & an expansive budget are luring global funds to India’s equities.

Wave of foreign money threatens RBI’s tight grip on rupee

For most of this year, RBI has capped currency gains as global investors poured around $50 billion into stocks and stakes in companies.

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.

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.

On Camera


Funeral ceremony of Major Nair | By special arrangement

The wife, the family and the Army – the politics of ‘Veer Nari’ and compensation

India has the highest number of war widows in the world, but little research on their lived experiences. Perhaps it's time to question the Army's dynamics and relationship with women.
V. Anantha Nageswaran

Who is V Anantha Nageswaran, new chief economic advisor? IIM-A grad, academic, PM’s ex-advisor

Nageswaran, who has taught at various B-schools in India and Singapore, takes charge days before the tabling of the Economic Survey and the Union Budget.


Representational image of Indian Navy ships | Photo: Commons

India carrying out more warship patrols than ever to catch China in crowded global seas

Estimated 125 foreign naval vessels are in the Indian Ocean at any given time, roughly 3 times the number deployed in the wake of the 9/11 attacks when the US invaded Afghanistan.

Let them eat communalism: Why Yogi formula for lack of jobs, income, self-esteem is a big risk

While UP’s unemployed are angry, Yogi’s call for a choice between Jinnah and Sardar Patel, more than seven decades after they both died, is the new ‘let them eat cake’.