Category: Economy

Clipped from: https://economictimes.indiatimes.com/markets/forex/next-pain-point-for-rupee-is-79-billion-of-unhedged-debt/articleshow/93018382.cms Synopsis The proportion of unhedged foreign loans has built up as companies were lulled into complacency about their dollar exposure by RBI’s intervention,

Clipped from: https://www.thehindubusinessline.com/opinion/falling-rupee-calls-for-a-macro-approach/article65667695.ece In the medium to long run, fiscal discipline, sustainable CAD, lower inflation can stabilise the rupee  The rupee hit a historic low, breaching

Clipped from: https://www.financialexpress.com/market/rupee-may-fall-to-81-against-us-dollar-amid-widening-trade-deficit-risk-off-sentiments-and-fii-outflows/2598771/?ref=Must_Read The Indian Rupee depreciated further on Tuesday to breach the psychological mark of 80 for the first time ever. Amid tightening monetary conditions

Clipped from: https://www.business-standard.com/article/finance/rupee-at-80-to-the-dollar-forex-deficit-to-hurt-india-inc-s-margins-122071900359_1.html?code=NTM4OTU9MTIyMDcxOTAwMzU5 As the rupee touches the 80-mark against the dollar, this depreciation is likely to prove expensive for corporate India The Indian currency has

Clipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/india-cuts-windfall-taxes-on-fuel-exports-as-global-prices-fall/articleshow/92991503.cms Synopsis New Delhi reduced the windfall tax on diesel and aviation fuel shipments by Rs 2 a liter, and scrapped completely a Rs

Clipped from: https://www.financialexpress.com/market/rupee-may-fall-to-81-against-us-dollar-amid-widening-trade-deficit-risk-off-sentiments-and-fii-outflows/2598771/?ref=Must_Read The Indian Rupee depreciated further on Tuesday to breach the psychological mark of 80 for the first time ever. Amid tightening monetary conditions

Clipped from: https://www.financialexpress.com/opinion/the-rupee-at-80-on-the-cad-front-the-good-news-is-rbis-plan-to-permit-invoicing-in-rupees/2599360/ Another point on the reserves is that they comprise FCA plus about $40 billion of gold, about $18 billion of SDR and $5

Clipped from: https://www.financialexpress.com/opinion/the-rupee-challenge-rbi-need-not-defend-rupee-and-should-hike-rates-only-to-the-extent-needed-to-tame-inflation/2599335/ RBI believes the rupee is fairly valued and would not be uncomfortable with the rupee depreciating to levels just beyond the 80 mark,

Clipped from: https://www.financialexpress.com/industry/weak-rupee-to-raise-borrowing-costs-for-companies-say-economists/2599522/ The RBI has stated that while it’s not targeting any particular level to rein in the rupee, it will ensure there is no

Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/rupee-80-how-worried-should-you-be/articleshow/92971077.cms Synopsis The Rupee breaching the psychological mark of 80 on Tuesday for the first time ever has set off alarms if this slump

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)