Business
Rupee at record low: Currency falls to 96.70 against dollar after eighth straight session of losses
The Indian rupee hit a record low of 96.70 against the US dollar on Tuesday, extending its losing streak to eight sessions. Rising crude oil prices, foreign fund outflows, and a strong dollar due to global risk aversion are key factors. Forex traders also cited supply-chain disruptions. The Reserve Bank of India’s intervention and import
Business
CEA Nageswaran says India facing ‘live balance of payments stress test’: What it means
The CEA’s words could not be more direct and the situation the world’s sixth largest economy faces is by no means small. Several macroeconomic indicators are in focus; inflation, health of the current account, and the exchange rate.
