The Indian rupee falls to an all-time low of 86.65 per dollar due to fears over US tariffs. As per news reports, while the RBI intervenes, concerns over foreign outflows and the upcoming federal budget add pressure. Asian Currencies Decline The dollar’s strengthening further pressured Asian currencies, including the rupee. Trump’s statements on imposing tariffs …
The Indian government has approved the National Critical Mineral Mission (NCMM) with an allocation of ₹16,300 crore, alongside an expected investment of ₹18,000 crore from public sector enterprises. The mission aims to achieve self-reliance in critical minerals and accelerate the country’s green energy transition. These minerals are essential for clean energy technologies, including electric vehicles, …
On January 29, 2025, the Cabinet Committee on Economic Affairs (CCEA), has given its approval to revise the ethanol procurement prices for public sector oil marketing companies (OMCs) for the ethanol supply year (ESY) 2024-25. This revision is part of the Ethanol Blended Petrol (EBP) programme, which runs from November 1, 2024, to October 31, …
On January 30, 2025, the Indian rupee traded at 86.58 to the U.S. dollar, reaching an intra-day high of 86.72. This movement came after the U.S. Federal Reserve expectedly kept interest rates unchanged. Federal Reserve Chair Jerome Powell stated that there would be no rush to cut rates again, influencing market sentiment. The 1-month non-deliverable …
Over the past decade, India has experienced rapid digitalisation, positioning itself as a global leader in the digital economy. Understanding the role of digitalisation in driving economic growth, employment, and sustainable development is crucial for both policymakers and the private sector. According to the State of India’s Digital Economy Report 2024, India ranks as the …
The Indian rupee weakened by 26 paise to 86.60 against the US dollar in early trade on Wednesday, as global risk appetite took a hit following renewed concerns over trade tariffs under U.S. President Donald Trump. The broader risk-off sentiment, coupled with a decline in Asian currencies, contributed to the rupee’s depreciation. Global Market Pressures …
Reserve Bank of India (RBI) Governor Sanjay Malhotra expressed concerns about the increasing number of digital fraud cases. During his first meeting with the managing directors and CEOs of public and private sector banks after assuming office, he stressed the importance of building robust and proactive systems to combat such threats. Strengthening Oversight and Customer …
The Indian rupee depreciated by 33 paise to 86.55 against the US dollar in early trade on Tuesday, January 28, 2025, weighed down by the strength of the dollar in the overseas market and a muted trend in domestic equities. At the interbank foreign exchange market, the rupee opened at 86.45 and later slipped to …
For the first time since April 2010, India’s banking system has recorded a cash deficit of ₹3.3 lakh crore. This deficit, as measured by banks’ borrowings from the Reserve Bank of India (RBI), highlights a sharp contraction in systemic liquidity, raising concerns about borrowing costs and overall financial stability. Key Reasons Behind the Liquidity Crunch …
On January 27, 2025, the Indian rupee traded at 86.31 to the U.S. dollar, briefly touching an intra-day high of 86.30. The 1-month non-deliverable forward market indicated that the rupee would open near 86.30 compared to Friday’s close of 86.2050, reflecting subdued investor sentiment. Weekly Performance and Relief Rally Last week, the rupee posted a …
