Monday, 23 May, 2022
TopicRupee

Topic: rupee

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.

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.

Rupee shrinks 95 paise, falls to 76.15 against US dollar amid COVID-19 fear

Traders say investors are anxious as global as well as domestic economies plunge into a deep crisis due to coronavirus, which has claimed over 14,000 lives.

These are the market winners and losers after Modi wins a second term

Political stability alone isn’t likely to drive continued outperformance by equities or currency, with investors also weighing headwinds facing the economy.

Indian markets are worried of election ‘bolt from the blue’ on 23 May

Investors are worried about Modi’s ability to repeat his landslide 2014 victory amid a resurgent opposition, farm distress and a job crisis.

Rupee is Asia’s best performing currency but expected to weaken after polls

The currency has shown a tendency to flip directions after polls have been completed, according to a study.

Rupee, bonds plunge as RBI disappoints with neutral stance

The Indian rupee tumbled the most in three months after RBI lowered the repurchase rate but refrained from shifting to a more easy stance on monetary policy.

Masala bonds are back while rupee strengthens & tax break lures buyers

The RBI has ensured that the rupee is stable which has given international investors the confidence to buy Indian assets including masala bonds, said a portfolio manager.

Rupee’s advance seems to be causing some discomfort for RBI

The central bank has announced plans to hold a $5 billion foreign-exchange swap auction for a three-year tenor.

Rupee rallies as India-Pakistan tensions abate but election wall is coming up

The rupee has rebounded about 2% since early February, and is no longer the worst performer this year among Asia's emerging market currencies.

On Camera

YourTurn

Inflation made luxury cars even more expensive but sales remain in fast lane. See Mercedes

For years, the luxury car market in India was biased towards the entry-level. But today, cars below Rs 40 lakh account for the smallest fraction of sales.

World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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