Day: July 20, 2022

Clipped from: https://www.business-standard.com/article/finance/no-need-to-be-overtly-worried-about-fall-in-rupee-dea-secretary-122071901242_1.html The Indian currency, he said, has appreciated against several global currencies like British Pound, Japanese Yen and Euro. Economic Affairs Secretary Ajay Seth

Clipped from: https://www.business-standard.com/article/opinion/caution-over-rupee-122071901520_1.html RBI must keep an eye on its reserves as dollar strengthens In the course of the day’s trading, the rupee hit a new

Clipped from: https://www.business-standard.com/article/opinion/dollar-likely-to-stay-strong-in-near-term-rupee-to-test-81-in-q2fy23-122071900531_1.html With front-loaded rate hikes by the US Fed, the US dollar will remain relatively strong in the immediate term With the US dollar gaining strength

lipped from: https://www.business-standard.com/article/economy-policy/moody-s-warns-of-india-s-vulnerability-to-volatile-food-energy-prices-122071900421_1.html Says major challenge for countries will be growing demands on fiscal resources to limit impact of price rise The report said harvests this

Clipped from: https://www.business-standard.com/article/economy-policy/eroding-rupee-may-impair-centre-s-finances-via-higher-subsidy-bill-122071901233_1.html The finance ministry has hinted that India’s fertiliser subsidy bill for 2022-23 (FY23) could rise to around Rs 2.5 trillion against Budget Estimates

Clipped from: https://www.business-standard.com/article/economy-policy/limited-relief-from-record-trade-deficit-expected-as-rupee-hits-80-122071901432_1.html Due to global risk aversion on the back of geo-political tensions and aggressive policy tightening by the Fed, the dollar has appreciated against

Clipped from: https://www.business-standard.com/article/economy-policy/rupee-erosion-to-herald-lower-gdp-corporate-sector-growth-in-fy23-122071901459_1.html The correlation coefficient between the year-on-year (YoY) change in corporate sector revenue and the rupee exchange rate is minus 0.63 since 2003-04 (FY04)