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.
"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.
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.
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.
In a statement, he said the move showed the "weaponisation" of institutions against Opposition leaders and argued that such actions weakened democratic values.
The HRCP warns that the proposed Punjab Labour Code 2025 could weaken workers' rights, citing poor consultation, diluted protections, and loopholes on child and forced labour. The report urges Punjab's government to rewrite the code in line with ILO standards and ensure genuine worker par
Warring said the BJP government was weakening both secularism and federalism while polarising communities across the country. He alleged that the Centre was consistently discriminating against Punjab, even attempting to "snatch away the state's capital".
Deputy Chief Minister of Karnataka responded to several media queries regarding the current 'internal conflict' in Karnatka Congress in reference to the CM position. The queries were answered in Kanakapura, Bengaluru South district, on Tuesday.
Retail demand, especially via gold exchange-traded funds (ETFs), has surged since mid-2024. The report notes that the same factors driving central-bank accumulation, economic uncertainty, inflation risks, and weakening confidence in the US dollar have "significantly boosted interest in inves