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Given the impact of currency movements on travel budgets, international travellers should plan their foreign currency requirement wisely
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Travellers and students can protect themselves from currency fluctuations, with nary a worry about a receding Rupee.
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Rupee depreciation acts as hidden inflation for Indian students aspiring to study abroad, significantly increasing the cost of education, even if universities do not raise tuition fees
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The RBI stepping in to contain an over-appreciating rupee against the backdrop of geopolitical tensions and economic uncertainties so as to maintain India's export competitiveness, among other things, is behind the currency's movement. The central bank, they add, has enough levers to prevent volatility.
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The RBI’s focus has been to maintain stability in foreign exchange markets even as the rupee has been allowed to devalue very slowly, helping India’s foreign trade
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Veteran EM strategist said that Indian will continue to be an attractive investment destination
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The RBI’s endeavour has been to anchor expectations and allow the exchange rate to reflect the fundamentals rather than overshoot, Shaktikanta Das said
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Rupee has hit the 80 mark against the dollar for the first time ever. The currency has been in a free fall and depreciated for the eighth consecutive session against the backdrop of foreign fund outflows, widening trade and current account deficits. Safe-haven demand for US dollars on rising global recession risks has also contributed to the weakness. The steep fall in the domestic currency will lead to costlier imports and even more expensive overseas education and travel. Watch the video to find out why you should care about a depreciating rupee.
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The recent rally, which started in mid June and which could send Nifty all the way up to 16,600-17,000, does not mean that we are out of the bear market, said Rohit Srivastava, founder and market strategist at Indiacharts.
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There has to be a trade-off the central bank has to look at and hence re-focus on growth once inflation provides some semblance of control, Kunal Kumar Kundu has said
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While the depreciation of a currency is likely to enhance export competitiveness, it would also make imports costlier, the minister said.
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While a falling currency is likely to continue making headlines, it is not out of line with the global trend. Several other emerging market and even developed market currencies have fallen more than the rupee so far this year against the dollar
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As global economies cut back on discretionary spending in the face of recession, export-focused discretionary sectors are likely to be hit the hardest as demand comes down abroad
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Going by the experience of masala bonds, it is worth noting that their issuance has remained a very minor and insignificant fraction of overall external commercial borrowings
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RBI’s strategy to protect the rupee’s currency value is based on attracting NRI deposits. That is not going to be easy
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After the Government raised import duty on gold and oil last week, the RBI has followed up with measures to attract more foreign funds. The idea is to stem the rupee’s fall. But, probably, India is fighting a losing battle, as risks to currency are mainly emerging from global events.
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The outflow of funds leads to higher demand for the dollar and thereby, local currency depreciation. While a depreciating currency helps a country’s exports, it makes imports more expensive and feeds inflation
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Analysts forecast CAD to widen to 3.3% of GDP in FY23 from 1.2% in FY22
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If you are a long-term investor, it is a great opportunity to stagger buying (in bond markets) over the next two months, through the mutual fund route, says BofA top boss
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While RBI does have ample foreign exchange buffers for now, a gentle depreciation of the Rupee may well be called for – both to correct INR overvaluation, and to prepare for possible stress scenarios
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Moody's Investors Service on Thursday said most rated companies in India have buffers to withstand a further 10-15 per cent depreciation of the rupee.
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First, estimate your expenses after some thorough research. Then budget for them before departure. You will need to factor in pre-departure expenses, external coaching fees, deposit for rented accommodation and other costs.
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Small businesses were hit even before the pandemic struck due to the global slowdown. While MSME exporters are optimistic about this year, the new variant of the Covid-19 virus has them worried.
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A Bank of America report analyses whether monetary easing will lead to systemic risk in emerging markets
