Page 168 - Indian Economy
Rupee at 80: How have other currencies performed in the last six months
The Sri Lankan rupee has fallen over 66 per cent against the rupee in the last six months. It was trading at 2.7 per INR on January 19 and has fallen to 4.5 on July 19
 "Rupee at 80: How have other currencies performed in the last six months")
Ukraine's invasion, economic crisis main concerns for Indians: Kantar rpt
In India, 37 per cent of respondents mentioned the war, followed by 29 per cent, who mentioned economic issues as their top concern
 "Ukraine's invasion, economic crisis main concerns for Indians: Kantar rpt")
Rupee closes just 2 paise shy of 80 against US dollar as oil prices rise
Crude oil prices jumped on Monday as US President Joe Biden's talks with West Asian countries failed to culminate in an agreement to increase output
 "Rupee closes just 2 paise shy of 80 against US dollar as oil prices rise")
Morgan Stanley expects India's FY24 GDP growth to slow down to 6.4%
It said the GDP growth will slow down to 6.4 per cent in FY24, the brokerage said, adding that this is lower by 0.30 per cent compared to the earlier estimate.
 "Morgan Stanley expects India's FY24 GDP growth to slow down to 6.4%")
Markets should be able to withstand inflation up to 8%: Credit Suisse
The key risks to India's economy, and thus the markets, stem from crude oil prices and a worsening balance-of payment situation, Credit Suisse analysts said
 "Markets should be able to withstand inflation up to 8%: Credit Suisse")
Rupee depreciates by 25% since Dec 2014 due to global factors: FM
The value of the rupee declined from 63.33 against a dollar on December 31, 2014, to 79.41 on July 11, 2022, Finance Minister Nirmala Sitharaman said in a reply quoting RBI data.
 "Rupee depreciates by 25% since Dec 2014 due to global factors: FM")
Rupee settles at 79.98 against US dollar; briefly touches 80/USD mark
The dollar index was weak in Monday afternoon trade in Asia after several Federal Reserve officials signalled they did not favour stepping up the rate hiking pace, says an analyst
 "Rupee settles at 79.98 against US dollar; briefly touches 80/USD mark")
Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD
FM Nirmala Sitharaman on Monday said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effect on monetary and fiscal stability
 "Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD")
Trade in rupee: A little step forward but nothing more
Transactions in INR shift entire exchange rate risks to the foreign party. It is difficult to fathom why any foreign trader would agree to that
 "Trade in rupee: A little step forward but nothing more")
Despite losses, market trend shows positive sign for the coming week
BSESENSEX lost 721.06 points or 1.32 per cent to close at 53,760.78 points while NIFTY lost 171.40 points or 1.06 per cent to close at 16,049.20 points
 "Despite losses, market trend shows positive sign for the coming week")
FPIs in selling mode; take out Rs 7,400 cr from equities in July so far
There has been an exodus of foreign funds from the Indian equity market over the last nine months
 "FPIs in selling mode; take out Rs 7,400 cr from equities in July so far")
Merger with HDFC to help tap home finance opportunity: HDFC Bank chairman
A more stable balance sheet because of the merger will enable HDFC Bank to step up exposures and facilitate higher credit growth in the economy, said the chairman
 "Merger with HDFC to help tap home finance opportunity: HDFC Bank chairman")
22 states, UTs see rise in inflation, despite marginal reduction overall
Lakshadweep was the only UT where the urban inflation rate was in double digits in June
 "22 states, UTs see rise in inflation, despite marginal reduction overall")
Rupee up 7 paise to 79.92 per dollar amid firm trend in domestic equities
At the interbank foreign exchange, the rupee opened up at 79.95 against the American dollar, then gained further strength to trade at 79.92 in early deals
 "Rupee up 7 paise to 79.92 per dollar amid firm trend in domestic equities")
Gender Gap Index 2022: India slips on income measures, shows data
The country performed better on education and health parameters. Political representation has been a mixed bag
 "Gender Gap Index 2022: India slips on income measures, shows data")
June WPI-based inflation cools to 15.18% from May's four-decade high
June WPI inflation of 15.18 per cent comes on the back of a high base of 12.07 per cent for the same month in 2021
 "June WPI-based inflation cools to 15.18% from May's four-decade high")
India can weather turbulence without damage to credit ratings: S&P
India is likely to lead the region with 7.3 per cent growth in 2022-23 after the GDP grew 8.7 per cent in 2021-22, said the rating agency
 "India can weather turbulence without damage to credit ratings: S&P")
Trade deficit widens to record $26.18 bn amid rise in imports of items
Imports jumped 57.55 per cent to a record $66.31 billion
 "Trade deficit widens to record $26.18 bn amid rise in imports of items")
Settling trade in rupee: FTP tweaks may allow traders export benefits
It is not clear if the changes will be part of the existing FTP or the new policy that the DGFT hopes to unveil in Sept
 "Settling trade in rupee: FTP tweaks may allow traders export benefits")
Exports up 23.5% to $40 bn in June; trade deficit widens to record $26.2 bn
Crude oil imports in June almost doubled to $21.3 billion. Coal and coke imports more than doubled to $6.76 billion in the month under review as against $1.88 billion in June 2021
 "Exports up 23.5% to $40 bn in June; trade deficit widens to record $26.2 bn")