Saturday, 20 August, 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

Ex-Karnataka Chief Minister B.S. Yediyurappa (file photo) | Twitter | @BSYBJP

Yediyurappa just keeps proving why he is indispensable to BJP

The inclusion of BS Yediyurappa in the BJP parliamentary board comes after his removal as Karnataka CM and denial of MLC ticket to his son. So what makes BSY so important?
Farmers plant paddy saplings in a field | PTI Photo

Good news from the farm as India’s FY22 foodgrain production estimated at record 316 mn tonnes

Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years.

Defence

Representational image. A file photo of an Indian Air Force Cheetah helicopter. | Photo: Commons

IAF operation underway to rescue Italian mountaineer stranded on Mount Nun in Ladakh

The IAF deployed its ‘Cheetah’ helicopter to rescue mountaineer Federico Nicoli. Mount Nun is the second highest peak in the Zanskar Valley of Ladakh.

Remember a convicted ‘non-guilty’ IAS officer, HC Gupta, when fretting over stalled economic reforms

The 2010-13 season of scandal-mongering still casts a shadow on Indian politics, and the victims are those at the lowest end of the decision-making chain.
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