Category: Economy

After breaching the 67-mark against the US dollar on Monday, the Indian rupee slipped by 7 paise to trade at 67.20 against the USD. The

RBI refuses to ease NPA norm, shocks power sector–Deccan Chronicle–10.05.2018

Dashing the hopes of 40,000 mw stressed power projects, a top government official on Tuesday said RBI is not in favour of any special forbearance

Dispelling growth delusions | Business Standard Column–10.05.2018—–*****

Whenever official estimates of GDP growth creep up over 7 per cent, as they did for 2017-18 Q3, voices (including of senior government spokespersons) proliferate claiming that

Oil prices in India could rise after US pull-out from Iran deal | editorials | Hindustan Times–10.05.2018

In the end, President Donald Trump delivered on yet another of his campaign promises by pulling the United States out of the Iran nuclear deal,

Exchange rate: View: The US, by far, has been a bigger currency manipulator than India – The Economic Times–09.05.2018—–*****

The European Central Bank followed the US with its own QE. So did the Bank of England. Every western country printed enormous sums of money,

[ Exchange Rate ] Take the long view | The Indian Express–09.05.2018

The concern is largely fuelled by oil: Brent crude is now trading at around $ 76 per barrel, its highest since November 26, 2014. The

[ Exchange Rate ] Hot-money risks seen rising as India courts ‘bond tourists’ – The Hindu–09.05.2018

A series of measures from the central bank to lure foreign buyers into the country’s short-term debt market could easily backfire, investors fear, exposing the

Rupee’s dancing to more tunes this year – The Hindu–09.05.2018—–*****

The Indian currency has been facing some selling pressure for the last 4-5 weeks, chiefly on the back of rising crude price. The rupee fell

Manmohan Singh attacks Narendra Modi for ‘economic mismanagement’ – The Hindu–09.05.2018—–*****

Former Prime Minister Manmohan Singh on Monday launched a scathing attack on the Narendra Modi government for its “disastrous policies” and “economic mismanagement”. He said

RBI’s rescue act | Business Standard Editorials–08.05.2018

At the moment, few things seem capable of dissipating the gloom that has descended on India’s bond markets. In its latest effort to cheer up the market,

Rupee: What if the rupee hits 70 vs US dollar? Here’s how your life will change – The Economic Times–08.05.2018

What if the rupee hits 70? Rupee sank below the 67 mark today for the first time since February 2017. Experts have been predicting further depreciation. An

Strong dollar, oil keep rupee under pressure – Business Line–08.05.2018

The Indian rupee is continuing to get beaten down. Though the currency opened the truncated week on a positive note, it failed to retain the

Price freeze: on high fuel prices – The Hindu–08.05.2018