Wednesday, 28 September, 2022
TopicRupee

Topic: rupee

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.

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.

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.

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 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.

On Camera

YourTurn

The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad | Reuters file photo

From ports to energy transition — Adani Group to invest over $100 billion in next decade

Speaking at Forbes Global CEO Conference in Singapore, Adani said the group intends to do more as a solar player & has earmarked 70% of the investment for the energy transition space.

Defence

Parts of Iranian made 'suicide' drone Shahed-136 after being shot down by the Ukrainian military | Reuters

All about Shahed-136, Iran’s ‘kamikaze’ drone that Russia is using to strike Ukraine

Over the past few days, Russia has hit multiple targets using these Iranian-supplied drones—including civilian structures and amenities—leading to the death of several Ukrainians.
Illustration by Soham Sen | ThePrint

AAP’s filling a big vacuum in Indian politics. Question is how long it can sustain without ideology

If you find admiration for AAP qualified, if not muted among many of the Modi-BJP’s critics, it is because they question it for its lack of ideological clarity. Especially on secularism.
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