An open public dispute is currently onNormally, the differences between two institutions, one being the elected government whose political tenure is determined by periodical elections, as expected in a democracy and the other, a statutory institution, whose future is more certain, are settled ...
Though the Indian rupee recovered from the steepest fall of all times on October 11, things are yet to improve. The rupee has recovered from the record figure of Rs. 74.40 and is hovering around Rs. 73.40.The record fall was a reaction to the most unexpected decision by Reserve Bank of India (RBI) o...
We have seen in past that the market has been stunned by monetary policy actions of central banks. Last fortnight, it was different. The markets stunned the Reserve Bank of India.The Indian rupee plunged to Rs 74.22 per US dollar. The rupee fell to the lowest value ever in terms of th...
It is now recognised that trade deficit and current account deficits would widen if the government and the monetary authorities did not give up their stand-off position; and they should do much more beyond offering Band-Aid solutions. Their efforts to attract more inflows of capital of short term va...
Early this week, the slide-down of the rupee was relentlessly continuing. Indian rupee fell to the lowest level on Monday, September 10, Rs. 72.67 per US dollar; on Tuesday, it reached yet another low at Rs. 72.70. It looks it may fall further soon to Rs. 75.The ongoing currency crisis is not new. W...
The unprecedented floods in Kerala last month resulted in the death of 373. Around 1.2 million people from their homes and hearths were uprooted. They are now in relief camps.There are estimates of collateral damage: Rs. 20,000 crore or $2.86 billion. The state government has requested aid for...
The Indian currency is falling in value in terms of the US dollar. Most of the commodity imports of India, which are denominated in US dollars, happen to be critically essential commodities such as petroleum crude. India imports 75% of its total crude oil requirements. They are also half of the coun...
India’s central bank has to deal with challenges on multiple fronts.One is domestic inflation; another is falling value of the Indian rupee relative to US dollar; volatility in the global price of crude oil; outflow of capital, partly reflecting political uncertainties and the resultant decline in...
Business leaders, investors and consumers from all sections of the community are anxiously awaiting the decision of the Monetary Policy Committee of Reserve Bank of India (RBI) which meets for three days: June 4 to June 6. The decision on the new interest rate would also indicate the fresh monetary ...
There are some new headaches for policy makers this past fortnight. The rupee has been sliding faster. On the other hand, oil price is rising. Indian currency fell to the lowest at `67.13 on May 8 – the lowest in the past 15 months. Last month, the decline to `66.08 was the steepest in 12 months s...