Thursday, 1 December, 2022
TopicRupee

Topic: rupee

Indian rupee’s recovery narrows onshore-offshore differential

By Nimesh Vora MUMBAI (Reuters) - The difference between the USD/INR onshore and the non-deliverable forward rates has narrowed on the back of the Indian rupee's rally to its highest in seven weeks.

Stock markets are looking more sober, so expect a positive surprise in Samvat 2079

The reassuring part of recent stock market history is that it's rare for it to stay down for 2 yrs in a row. Though one must remember that past is no guide to future performance.

Don’t blame Nirmala Sitharaman. India has a historical obsession with rupee value

During colonial rule, the British maintained an overvalued rupee, which essentially served London’s interests but had detrimental effects on the Indian economy.

Indian bond yields seen rising, rupee may test record lows, analysts say

RBI's monetary policy committee may become more data-dependant in deciding on the key interest rate with inflation expected to start easing, minutes of the latest meeting suggested.

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.

On Camera

YourTurn

51 cow universities, old pension scheme, jobs — what RSS affiliates want from 2023 Budget

Welfare schemes and ‘self-reliance’ figure high on Sangh organisations’ wishlists for finance minister Nirmala Sitharaman ahead of the Budget, which she will present on 1 February.

Defence

A soldier with 'Arjun', a black kite trained to down enemy drones, during the Yudh Abhyas exercise being held in Auli, Uttarakhand | Suraj Singh Bisht | ThePrint

It’s a plane, no it’s a bird! Army’s training eagles & falcons to swoop down on hostile drones

The birds are also being trained for surveillance at Remount Veterinary Corps Centre in Meerut, with cameras fitted to their heads to record videos.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.