Tag: rupee depreciation
Resist temptation to defend ₹ at any cost: Raghuram Rajan cautions India against excessive use of forex reserves
India should resist the temptation to defend the rupee at any cost, even if that means allowing the currency to weaken further, former Reserve Bank…
India’s forex reserves shed $60 billion in six weeks as RBI steps in to support rupee, one of Asia’s worst-performing currencies this year
India’s foreign exchange reserves shaved off about $60 billion in the past six weeks on account of Reserve Bank of India’s aggressive intervention on the…
Debate on LTCG, securities tax ‘healthy’, says Finance Minister Nirmala Sitharaman
Finance minister Nirmala Sitharaman on Tuesday acknowledged the debate over long-term capital gains (LTCG) tax and securities transaction tax (STT), as well as the rupee’s…
FM Sitharaman ready to hear out stock market tax debate
New Delhi: Finance minister Nirmala Sitharaman on Tuesday said she will be “keenly hearing” the ongoing debate on stock investment taxes, long-term capital gains (LTCG)…
Rupee headed to 100? How much the psychological red line matters
The International Monetary Fund (IMF) has said India is strong enough to withstand the pressure on rupee. An IMF spokesperson on Friday suggested the US…
India’s forex reserves fall $18.3 bn as RBI steps in to defend rupee
Kolkata: India’s foreign exchange reserves shaved off $18.343 billion in the week to September 25, making it the third weekly drop in a row after…
RBI’s success on dollar flows raises stakes in inflation fight & clamour for rate hike
Just months ago, India’s central bank pulled out all the stops to draw in dollars to bolster its foreign-exchange reserves and defend the rupee. The…
Government also worried about rupee depreciation, says Piyush Goyal
The Indian government understands investor worries over the depreciation of the rupee and the government is also worried about it, Piyush Goyal said on Tuesday….
Rupee, price tailwinds for Indian exporters may fade in H2FY27: Nuvama
New Delhi [India]: Indian exporters could see some of the revenue tailwinds from rupee depreciation and elevated prices fade in the second half of FY27,…
India’s economic growth to slow to 6.8% in FY27 amid West Asia crisis, El Nino impact: Ind-Ra
India Ratings and Research (Ind-Ra) on Tuesday projected India’s economic growth to moderate to 6.8% in the current financial year, down from 7.6% in FY26,…