The Indian rupee is likely to depreciate on Monday amid strong dollar, bond yields, and risk aversion in equity markets. USDINR(Spot) may trade positive and quote in the range of 81.05 and 81.50. Rupee depreciated 30 paise to close at a fresh lifetime low of 81.09 against the US dollar in the previous session, while … Read more
At the interbank forex market, the local unit closed at 79.6975 against the American currency — declining by 0.32% compared to the previous day’s reading. On Thursday, the rupee dropped to at least 79.7250 against the dollar before correcting. Just like domestic equities, the rupee also halted its four-day gaining spree on Wednesday after a … Read more
Former RBI Governor D Subbarao on the need for structural reforms, investment, and why we should be looking at growth drivers instead of numbers. The session was moderated by National Business Editor Anil Sasi. Anil Sasi: Are there parallels between the 2013 crisis — which saw the inflation spill over from the Quantitative Easing (QE) … Read more