A lack of global alternatives helps explain some of the dollar’s role. The euro’s status as a reserve currency remains limited & China’s currency is still subject to capital controls.
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.
In the last one month, the rupee has depreciated by nearly 5 per cent against the dollar but this is unlikely to cause any challenge on the external sector front.
Since 1979, Iran has used the Palestinian issue as a façade for its regional agenda to oppose American diplomacy, the Western world, and the existence of Israel.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.
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