The rupee is still weakening against the US dollar, but at its slowest pace in history over the past two years.
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The RBI is in a fix. Too much capital is flowing into India. And it turns out, you can have too much of a good thing – money included.
India’s unemployment rate refuses to go down. That misses the bigger picture, though: our labour pool is expanding rapidly. And other stories.
The numbers for April are in. We’re trading less with the world, vehicle sales are a mixed bag, and FPI money leaves India. And more.
My politically opinionated father asked me worriedly, “Why has the INR depreciated since the current government took over?” I first said, “Go back a little farther, and you will see that the INR has been depreciating, irrespective of who was running the government.” But is that a bad thing? The words “depreciating” or “falling” INR […]
India’s exports have fallen, but its imports have fallen much more – a good thing for the Rupee, in all. Meanwhile, the data shows that both electronics and life insurance are thriving.
India’s earning a tidy bit of foreign exchange, as its capital account surplus trumps a falling current account deficit. An RBI MPC meeting has just begun. And February sees paltry tax collections.
We’re in a leap year; February was stretched by a day, and so are its numbers. Meanwhile, January saw the first current account surplus in forever, while money gushes into Indian mutual funds.
