Rupee may stage a comeback in second half of 2023: Shinhan
The expected annual range for USD-INR is 77-84.5 for 2023, says South Korea-based Shinhan Bank in its recently published report.
rupee against dollar
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India’s forex reserves plunge to 2-yr low of $524.5 bn
India’s forex reserves continue to decline with the RBI deploying the kitty to defend the rupee amid pressures caused majorly by global developments.
Air passenger traffic down 10% over pre-Covid levels in Sept
International traffic for Indian carriers surpasses pre-Covid levels by 34%. ICRA’s negative outlook on the Indian aviation industry continues.
Loan limit for airlines under ECLGS raised to ₹1,500 cr
The Centre’s decision will give airlines collateral-free liquidity at reasonable interest rates to tide over present cash flow issues.
Rupee just shy of touching 82 against US dollar
The rupee touches 81.94 against the dollar. It has already depreciated 9% against the US dollar in 2022 so far.
From RBI policy to U.S. GDP data: Five factors that will impact trade this week
The Sensex and Nifty are poised to open lower on Monday, in line with Asian peers as interest rate hikes by the global central banks have strengthened fears of recession.
India set to be world’s 3rd largest economy by 2030: Report
The Indian economy will grow at average real GDP growth of 6% from 2022-2030. It replaced the U.K. to become the world’s fifth largest economy in terms of market exchange rates in March-end.
Govt, RBI closely monitoring rupee, says FM
Rupee has recovered from its all-time low of over ₹80 against the U.S. dollar to ₹78.6 currently. FinMin says rupee has strengthened against currencies like Pound, Yen and Euro
RBI governor defends rupee; says zero tolerance for bumpy movements
RBI says the rupee is holding up “well” relative to both advanced and EME peers, and the movement of the rupee has been smooth despite global spillovers
Rupee moderate; Yen, Pound depreciating faster, says CEA
Nageswaran says whenever Federal Reserve is on an aggressive tightening, this type of currency reaction happens historically. This time it is far more moderate, he adds
