Clipped from: https://www.business-standard.com/article/finance/rupee-s-travails-what-has-led-to-the-fall-and-what-can-reserve-bank-do-122070800609_1.html The foremost reason for the currency’s fall is the money being pulled out from the Indian economy by the FPIs and FIIs. In
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*Import duty hike: No gain from raising gold levies | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/import-duty-hike-no-gain-from-raising-gold-levies/2586759/ Hiking the import duty on gold just incentivises smuggling. Bullion beats paper, at least in this part of the world. In places such
*******Are we headed for an external sector crisis? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/are-we-headed-for-an-external-sector-crisis/article65612894.ece The CAD is at a unsustainable level and the RBI’s measures are expected to work merely as short-term fixes India’s external sector is
*RBI should make conscious effort to internationalise Rupee: SBI report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/forex/rbi-should-make-conscious-effort-to-internationalise-rupee-sbi-report/article65610549.ece ‘Internationalisation’ of a currency is an expression of its external credibility as the economy integrates globally The Reserve Bank of India (RBI) should
*******Dollar deals – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbi-measures-on-capital-flows-is-a-signal-to-speculators-but-they-may-not-increase-flows-materially/article65611530.ece RBI measures on capital flows is a signal to speculators, but they may not increase flows materially The gathering strength of the US
Mistakes make a Meesho: What founder Vidit Aatrey learned from failed ideas | Business Standard News
Clipped from: https://www.business-standard.com/article/specials/mistakes-make-a-meesho-what-founder-vidit-aatrey-learned-from-failed-ideas-122070700691_1.html Meesho discovered its successful business model the hard way Although Vidit Aatrey (right) and Sanjeev Barnwal started in 2015, it was a while
*****Defending the rupee | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/defending-the-rupee-122070701292_1.html Market adjustment should not be delayed for long The Reserve Bank of India (RBI) on Wednesday announced measures aimed at boosting foreign exchange inflows to
*ICICI Securities falls 1% as CLSA downgrades rating, earnings view | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/icici-securities-falls-1-as-clsa-downgrades-rating-earnings-view-122070601088_1.html Shares of the largest listed brokerage have nearly halved this year Sharp spikes in market volatility and changing regulatory landscape have led to
*****Weak rupee a worry for Indian firms as 44% foreign loans unhedged | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/weak-rupee-a-worry-for-indian-firms-as-44-foreign-loans-unhedged-122070601116_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Experts say the rupee is expected to depreciate further during the year as there is huge maturity of forex loans coming up As
*Why Rs 80 per dollar isn’t a sign of weakness – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/why-an-80-rupee-dollar-isnt-a-sign-of-weakness/articleshow/92460595.cms The world over, people tend to view a strong national currency as a sign of virility, like an erect penis. That may be
Why India should tax firms profiting from Ukraine war – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/why-india-should-tax-firms-profiting-from-ukraine-war/articleshow/92019070.cms The story, which was first published on June 5, 2022, has been updatedThe Ukraine war caused crude oil prices to shoot up by
*Crude solution – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/its-important-that-the-centre-keep-its-word-on-the-temporary-nature-of-the-windfall-profits-and-export-tax-on-fuels/article65602617.ece It’s important that the Centre keep its word on the temporary nature of the windfall profits and export tax on fuels Extraordinary times
*****Re may face more heat as repayments worth $267 bn of $621 bn external debt come up – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/re-may-face-more-heat-as-repayments-worth-267-bn-of-621-bn-external-debt-come-up/articleshow/92687264.cms Synopsis The rupee fell to a new record low of 79.38 to the US dollar on Tuesday, a day after India logged a
*Grasim Paints: Grasim’s paints-industry dream is alright. But what about companies already painting the town red? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/money-and-markets/grasims-paints-industry-dream-is-alright-but-what-about-companies-already-painting-the-town-red/primearticleshow/92528005.cms SynopsisGrasim’s entry into the paints business with a truckload of cash is likely to impact the industry’s dynamics. Experts, however, are of the
*****Strong dollar and its implication for India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-strong-dollar-and-its-implication-for-india/article65601882.ece Three macro-economic developments have propelled the Dollar Index upwards Why is the US dollar strengthening? The US Dollar Index, which measures the greenback’s
Can forex reserves plug India’s dollar shortage? – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/slowly-slowly-manage-rupee/articleshow/92661048.cms With oil prices up, a record trade deficit of $70.25 billion in the April-June quarter, rupee sliding and GoI taking some policy calls,
How this Google Workspace update can save admins from “cybersecurity disaster” – Times of India
Clipped from: https://timesofindia.indiatimes.com/gadgets-news/explained-how-this-google-workspace-update-can-save-admins-from-cybersecurity-disaster/articleshow/92611477.cms The ongoing Covid-19 pandemic has forced several organisations to switch to remote working setups which have helped collaboration tools like Google Workspace to
*Slippery slope – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbi-should-stick-to-its-approach-of-maintaining-an-orderly-movement-in-the-rupee/article65599781.ece RBI should stick to its approach of maintaining an orderly movement in the rupee The rupee’s sharp depreciation against the dollar, inching closer
*Brokerages remain bullish on Reliance Industries despite windfall tax | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/brokerages-retain-bullish-call-on-reliance-industries-despite-windfall-tax-122070401218_1.html Reliance Industries shares gained as much as Rs 32.9, or 1.4 per cent intraday, on the BSE on Monday, before finally closing trade
How rupee shrugged off the fragile tag and outperformed despite shocks | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/how-rupee-shrugged-off-the-fragile-tag-and-outperformed-despite-shocks-122062901142_1.html The domestic currency has fared better than many of its emerging market peers In nominal terms, the reserves rose $99.2 billion in 2020-21
