Nonetheless, the intervention from the RBI by selling the USD might help limit the INR’s losses. Additionally, the decline in crude oil prices is likely to support the Indian Rupee, as India is the world's third-largest consumer of crude oil. The Indian Trade Balance will be...
The USD/INR plunged as the US dollar index crashed to the lowest level in 7 months. Inflation plummeted for six straight months while retail sales dropped. A mild recession may be on the horizon as companies like Microsoft, Google, Salesforce are laying off thousands of employees. As a resu...
To overcome this, the RBI had to sell foreign exchange reserves, which put downward pressure on the rupee. Other global events like the 2008 financial crisis also had a significant adverse impact on the value of the Indian Rupee. The depreciation of the Indian Rupee (INR) against the US ...
The estimation results suggest that RBI intervention in the form of net purchase of dollars leads to depreciation of INR vis-à-vis USD, EUR, GBP and JPY. Furthermore, we find that RBI intervention not only significantly affects the volatility of INR vis-à-vis USD, EUR and GBP but also...
Is it safe to have an account in yes bank? How much will I owe to the bank if I withdraw 14000/- INR from my HDFC credit card (money-back MasterCard) from an ATM? Why doesn't ICICI bank accept e-Aadhaar printout as valid address and identity proof for Pockets Savings Account when ...
What is better, to invest USD in international mutual funds or to invest in Indian mutual funds after converting the USD into INR? What are the lunch hours at SBI bank? You would not want to deposit at a bank owned by an American since it is safer tha...
Why do economic cycles tend to be longer in the US economy when the USD is appreciating than when it is depreciating?Appreciation And Depreciation:When the currency is depreciating then it increases the cost of import which reduces the import...