Tag: rupee record low
India’s economy faces threats that currency band-aid can’t fix
India’s government and central bank took coordinated steps on Friday to spur foreign inflows, providing an immediate boost to the beleaguered currency. The challenge for…
That sinking feeling: Rupee@100 is a mental fear, not macro nightmare
The rupee has been undergoing intense pressure due to a prolonged geopolitical stalemate in the Middle East that has driven up global crude oil prices….
W.O.R.R is the worry. A four-way assault pummells Indian macro
India’s macroeconomic outlook has darkened abruptly, with four powerful shocks converging at once — War, Oil, Rupee and Rains, or W.O.R.R. A deepening Iran conflict,…
Forex kitty slips below $700 billion as bullion loses some sheen
Mumbai: India’s foreign exchange reserves fell by $11.4 billion to $698 billion in the week ended March 20, due to the revaluation of gold prices…
Oil, rupee, markets: All alarms are blaring for India’s economy
Indian financial markets were jolted on Monday as a sharp spike in global oil prices triggered a broad sell-off across currencies and equities, exposing the…
Rupee faces record low at open as $117 oil deepens deficit fears| Business News
The Indian rupee is poised to plunge to an all-time low at Monday’s open, battered by a relentless rally in global crude oil prices and…
Rupee hits new all-time low of 90.72 vs Dollar with India-US trade deal in limbo| Business News
The Indian rupee fell to a new record low on Monday against the US dollar as uncertainty continues to surround a India-US trade deal 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…
Policymakers count the costs as rupee breaches 90/dollar barrier: Here is what could be in store for India now
The rupee sank to a record low against the US dollar on December 3, briefly breaching the psychological 90 mark before settling just below it….
Rupee weakens to record low against US dollar| Business News
The Indian rupee dropped to a lifetime low on Monday, with unfavourable trade and portfolio flows and the lack of a U.S.-India trade deal overshadowing…