The local currency has depreciated by nearly a rupee in the last month, from 85.46/$1 on June 28, to 86.41/$1 as of Thursday. The weakness in rupee comes amid high uncertainty on tariffs, outflows by FPIs in debt and equities, and spot dollar buying by the Reserve Bank of India that has prevented excess appreciation, … Read more
Mumbai: The Reserve Bank of India’s (RBI) gross currency market interventions until August in FY25 have registered a sharp increase from a year ago, reflecting the central bank’s efforts to mitigate volatility in the exchange rate in a turbulent global economic environment. Latest data published by the RBI showed that in April and May, the … Read more
In recent years, the cost of education has been rising at an alarming rate. While general inflation remains around 5-5.5%, educational expenses have surged to approximately 11-12%. Projections suggest that these costs could potentially double every six to seven years, imposing a substantial financial burden on families. Illustrating educational inflation, a private engineering college that … Read more
The soaring dollar, accelerating US interest rates, stalling global economy and alarming geopolitics have whipsawed global currencies, sending them to record lows against the greenback. The rupee, albeit one of the better performers, hit a record low of 81.93 to a dollar on Thursday, almost 10% down from a year earlier. Typically, net exporters, remittance … Read more
Massive interventions by the Reserve Bank of India (RBI) to contain the value of the rupee may not impact the independence of monetary policy, though it can have an impact on the money supply in the system, a study by the central bank said. Forex market interventions during surges in capital flows to contain the … Read more
Notwithstanding the rupee’s plunge to historic lows against the dollar, IT stock investors have apparently ignored all the worries related to margin compression and demand moderation. IT has been the worst performer so far in 2022 with the Nifty IT index having lost around 31% of its value against Nifty’s 2% loss during the period. … Read more
The Centre and the Reserve Bank of India (RBI) have been taking steps to attract capital inflows so the rupee’s depreciation against the dollar is smooth and gradual, government officials said. They pointed out that the dollar has strengthened against other currencies too, as global investors have become cautious, and the weakening of the rupee … Read more
MUMBAI: The Indian rupee‘s near-term fortunes may directly be influenced by the Reserve Bank of India‘s intent on preventing any further depreciation in the currency as the surge in COVID-19 cases hits jobs and growth, economists and traders said. The rupee has already lost 2.6% against the dollar so far this month, putting it on … Read more