Law mandates the RBI to keep inflation at 4% which it forecasts to be 6.7% this fiscal. To get to target, it has to raise interest rates sharply which it is reluctant to as it aims for a durable economic recovery. For the currency to be stable it has to attract overseas funds with higher interest rates.
The Reserve Bank of India’s (RBI) decision to remove the interest cap on foreign currency deposits raised from non-residents while setting off a rate war among banks is unlikely to see the overwhelming inflows lenders saw nine years ago during the taper tantrum.
A day after the RBI announced measures to shore up forex reserves and arrest the local unit’s free fall, the rupee gained 0.16% to close at 79.18 Thursday. It was the fourth best performing Asian currency for the day. The one-month volatility index dropped 11 basis points.
RBI liberalises forex rules to help address dollar shortages, slow rupee fall. SPJIMR’s Ananth Narayan explains the impact of the measures.
RBI liberalises forex rules to help address dollar shortages, slow rupee fall. SPJIMR’s Ananth Narayan explains the impact of the measures.
Noting that the COVID-19 pandemic led to a sharp loss of output in 2020-21, it said the adverse impact on the overall economic activity was somewhat offset by a countercyclical fiscal policy which in turn was mirrored in higher government borrowings on the back of the fall in revenues and higher expenditures.
The hype pushes advertisers to use “AI” whenever anything software-related is used to solve a problem now.
About 43.1 percent or $267 billion worth of external debt of the $620.7 billion amounting to 44 percent of country’s foreign exchange reserves comes up for maturity this fiscal, according RBI’s latest data on India’s external debt as of Mrach’22.
Shivam Ginglani is making an audacious bid to stir the alcobev market. Can the whiskey underdog take on the Black Dogs of the world and find more love for whiskey?
The rupee today hit a record low of 79 vs US dollar against previous close of 78.97. The US dollar has appreciated over 6% against the US dollar so far this year.
TO SURVIVE AND GROW, THE CV SUPPLY CHAINS HAVE TURNED RESILIENT. DEEPTI THORE LOOKS AT CONTINUED EFFORTS TO MODERNISE AND WITHSTAND DISRUPTIONS IN THE FIRST PART.
Resuming production and ramping up the capacity won’t be easy for automakers. Bothe back-end and front-end will face challenges.
The impact of the pandemic over the last two years has challenged long held assumptions that the in-person class is indispensible to the case method.
India’s inflation, which is measured by the Consumer Price Index (CPI), has stayed above the Reserve Bank of India (RBI)’s upper tolerance limit of 6% for three months running.
Economists have increased their rate hike expectations as CPI inflation leaps to nearly 7% in March. Latha Venkatesh speaks with Sonal Varma, MD & Chief Economist-India, Nomura Financial Advisory & Securities and Ananth Narayan, Professor, SPJIMR.
Dhaval Ajmera, Director at Ajmera Realty & Infra India, welcomes the RBI’s status quo on the repo rate. He believes it is an assertive move despite domestic inflationary pressure and an uncertain global geopolitical environment.
RBI Governor Shaktikanta Das on Friday hinted at ending the accommodative policy stance that began three years ago, citing the rising uncertainties arising from the Ukraine war and resultant increase in prices, and said the time has come for the central bank to put its priorities on inflation management over growth.
Budding entrepreneurs of today aren’t risk-averse and have no qualms about working with constrained resources or high levels of uncertainty. The pedigree of a legacy organisation does matter though.
Post-retirement from international cricket since nearly two years, the Captain Cool’s appeal continues to tick brands
Bangalore, Karnataka, India: The Open Group, the vendor-neutral technology consortium, today announced the formation of the INITIATE Work Group, a Work Group of The Open Group.