Sunday, 23 January, 2022
TopicU.S. Dollars

Topic: U.S. Dollars

Rupee settles on a flat note at 76.27 against US dollar

Forex traders said the rupee is trading in a narrow range as losses in the greenback supported it, while weak domestic equities weighed on the local unit.

Xi Jinping’s prized Belt & Road Initiative will look a lot less Chinese as it unfolds

Chinese banks do not have an endless supply of dollars to fund the Belt and Road project, opening up space for global competitors.

Indian rupee at historic low, falls 43 paise to hit 73.34 against dollar

Forex dealers cite strong demand for the dollar from importers and fears of rising fiscal deficit and capital outflows as factors

Record fuel prices are hurting Modi as rupee begins to fall again

Fuel costs are adding to Modi’s challenge of tackling a hurtling pace of growth that’s boosting ownership of vehicles and demand for oil ahead of US sanctions on Iran.

Facing dollar squeeze, Indian companies turn to Japan for Samurai loans

Top Indian firms are turning to Samurai loans, lured by Japan’s near-record low interest rates and easier availability of funds.

Modi govt & RBI should allow rupee to fall, not lose nerve by the fear-mongering

The rupee's current rout can be seen more as an overdue recalibration than a flash in the pan.

On Camera

YourTurn

Demonstrators attempt to enter the US Capitol building during a protest in Washington, D.C., U.S., on 6 January 2021 | Eric Lee | Bloomberg

Texas attack shows a long, violent struggle for America’s soul is inevitable

The shock of Covid 19—both economic and cultural—has strengthened the maniacal conspiracy culture with which the American Right is suffused.
A visual representation of the digital Cryptocurrency, Bitcoin alongside US dollars | Photo: Dan Kitwood | Getty Images via Bloomberg

Joe Biden administration set to put itself at centre of US cryptocurrency policy

An executive order is being drafted which will soon set in place a govt strategy empowering US federal agencies to assess risks and opportunities posed by the digital assets.

Defence

Chinese army has found missing 17-year-old boy from Arunachal, Defence Ministry PRO says

Indian Army had sought assistance from China's People Liberation Army to locate and return Miram Taron, who had gone missing on 18 January and was reportedly captured by PLA.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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