The recent depreciation in the Indian Rupee is unlikely to have any significant impact on CPI inflation in the country, as India has a low dependence on imports for food products, highlighted a report by Bank of Baroda.
Director Matt Reeves has publicly defended actor Paul Dano following controversial remarks from Quentin Tarantino, who labelled the actor "weak sauce" during a recent podcast appearance, according to The Hollywood Reporter.
The rupee has fallen from Rs 85 to Rs 90 per USD in under a year, far quicker than previous five-rupee intervals, which earlier took anywhere between 581 to 1,815 days. SBI in its report noted this as the second-quickest fall since the 2013 Taper Tantrum.
"If something is heavy it will fall. Our rupee has strength & weight. That's why it's falling," Moitra posted on X, along with a graphic of PM Modi looking down at the falling rate of the rupee.
Indian equity indices ended Wednesday in negative territory, possibly due to the rupee's weakness against the US dollar, Foreign Institutional Investor (FII) outflows, and ongoing trade uncertainties.
India's Chief Economic Advisor V Anantha Nageswaran on Wednesday, downplayed concerns over the rupee weakening past 90 against the US dollar, asserting that the currency's movement remains within manageable limits and has not created macroeconomic stress.
The International Monetary Fund (IMF) has delivered a damning indictment of Pakistan's governance system, highlighting how elite manipulation, weak institutions, and political patronage continue to undermine the country's economic stability. The IMF's Governance and Corruption Diagnostic Ass
As the rupee weakens toward Rs 90 per dollar, Uday Kotak has urged Indian businesses to break out of their comfort zone, warning that foreign investors appear to be calling the shots in current market dynamics.
Speaking at the prestigious IGNITION Summit organised by the Shiv Nadar Foundation in Chennai, KTR said that Rahul Gandhi lacks vision for India's future, and his leadership has weakened the Congress to the point where it can no longer function as a national Opposition party.
The domestic benchmark indices witnessed selling pressure on Wednesday's opening trade as the weakening Rupee and cautious investor sentiment weighed on the markets.
Uzma Khanum met her brother Imran Khan in Adiala Jail after days of uncertainty and claimed he is facing "severe mental torture." She alleged he appears weak and isolated, prompting PTI to demand medical access and transparency, while the government has not responded.
The Indian economy is expected to grow at 7 per cent in the current fiscal 2025-26, and subsequently moderate to 6.7 per cent in the next, Dharmakirti Joshi, Chief Economist, CRISIL Limited, told ANI in an exclusive interview.