
The 'R' Club Dare to U.S. Dollar
The 'R' Club' led by rupee, renminbi, rouble, real, rand, riyal, rupiah & ringgit is posing serious threat to the greenback.
The 'R' Club' led by rupee, renminbi, rouble, real, rand, riyal, rupiah & ringgit is posing serious threat to the greenback.
Countries wary of excessive dollar outflows, especially those who run trade deficit with India, have started signing rupee trade settlement deals.
How China is using diplomacy to dethrone the USD and establish Renminbi as global currency
FPIs turned net buyers in both equity and debt in April, investing ₹11,631 crore in Indian equities and ₹806 crore in the debt market, as per NSDL data.
The BIS Triennial Central Bank Survey of 2022 reports that only 1.62% of global transactions are settled in Indian rupee
India is a bright spot in an otherwise gloomy world; inflation remains elevated but breather in Nov, Dec, says Das.
The RBI Governor says the global trade outlook for 2023 remains "overcast", but greater intra-regional trade can enhance growth and job opportunities in the region.
The expected annual range for USD-INR is 77-84.5 for 2023, says South Korea-based Shinhan Bank in its recently published report.
Govt cites COVID-19 disruptions, rupee depreciation against the US dollar, and a high operating cost environment, especially due to an increase in ATF prices, for high losses of airlines.
The year proved to be a roller-coaster, not only from the geo-political perspective but also from the point of view of asset management and economics.