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Aug 2, 2022 · Updated: Aug 2, 2022, 09:31 IST IST. India’s currency is strong and stable. Economists who said otherwise should have known better. Round numbers are important for stock-taking, and for ...
11 hours ago · India's improving trade deficit, inflows into bonds and reduced pressure on the rupee in the offshore market has lowered the need for the Reserve Bank of India (RBI) to intervene aggressively in ...
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Apr 23, 2024 · The Indian rupee has depreciated much less, by 1.7%, during this period. But India’s annual CPI inflation rate, at 4.9% for March, stood above Indonesia’s 3.1%. Thus, the Indonesian currency’s domestic purchasing power has suffered less erosion relative to its international purchasing power, whereas it has been the reverse for the rupee.
Dec 23, 2022 · As these went up, inflation went up. Inflation soared to 9.1 percent in the US in July 2022—the highest it’s been in four decades. At present, the US inflation rate is 7.75 percent, compared ...
Aug 30, 2022 · The partially convertible rupee surged 0.6% to 79.45 in its best session since Aug. 27, 2021. The currency had hit a record low of 80.12 on Monday, but closed at 79.9625.
Jul 25, 2022 · The central bank encouraged invoicing for Indian exports and imports in Indian rupees. While there is still a long way to go before the rupee receives acceptance as a currency for trade, analysts ...
Oct 5, 2022 · Analysts said India’s limited capital controls might have helped reduce the volatility of trade in the rupee, but the RBI’s selling of reserves and the economy’s relatively strong growth ...
