Tag: rupee depreciation
Rupee at 92/$: Imports, overseas education, travel hurt; exporters gain
New Delhi: The rupee hitting a historic low of 92 against the US dollar on January 23 is likely to make imports ranging from crude…
India’s growth miracle in danger? Former CEA warns of tariffs, Chinese imports, and fiscal risks
India’s economy may not be on a clear path to recovery, and mounting external and domestic pressures could temper growth, according to former Chief Economic…
Economy growing at robust pace, banking sector remains sound: RBI report
Mumbai, The Indian economy is growing at a robust pace, driven by strong domestic demand, low inflation, and the healthy balance sheets of banks, said…
Rupee will depreciate further, no need to panic or worry: Axis Bank chief economist
Mumbai, Axis Bank chief economist Neelkanth Mishra on Tuesday said the rupee is likely to depreciate further, and there is no need to panic over…
India’s import bill is likely to rise. Courtesy love for gold & gadgets amid rupee pain
India’s import bill is rising sharply once more, driven by a combination of a weakening rupee, elevated global prices for gold and crude oil, and…
Rupee may slip beyond 90 if US trade deal not sealed: Experts
New Delhi: The recent depreciation in the rupee, driven by a widening trade deficit and weak investment inflows, is expected to persist, with economists cautioning…
Customs overhaul to be focus in next set of reforms: Finance Minister Nirmala Sitharaman
New Delhi: Finance minister Nirmala Sitharaman on Saturday exuded confidence that the economy will expand at 7% or more in the current fiscal year, sustaining…
RBI does not target any band for rupee, allows it to find its own level: Guv Malhotra
Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday said the central bank does not target any band for the rupee in the forex market, and…
Rupee at 90: RBI Governor Malhotra says no targeted band, market will decide currency level
Reserve Bank of India Governor Sanjay Malhotra on Friday reiterated that the central bank does not operate with any predetermined band for the rupee and…
RBI to tolerate weaker rupee as inflows dry up, sources say
India’s central bank will tolerate a weaker rupee as the country’s external sector confronts multiple headwinds including a wider trade gap and stalling of dollar…