Rupee

India's Inflation Rate Declines Amidst Currency Struggles: What It Means for Rate Cut Prospects

23 hours ago

In a recent development, India has reported a noticeable decrease in its inflation rate, bringing some relief amid ongoing economic challenges. The Consumer Price Index (CPI) inflation fell to **5.4%** in December, down from **5.9%** in November. This decline is primarily attributed to lower food prices, signaling a positive movement in the country’s economic landscape. However, the situation remains complex as the Indian rupee continues to struggle against the US dollar, complicating prospects for future interest rate cuts.

New RBI Chief Confronts Urgent Pressure to Liberate Rupee in Face of Dollar Surge

6 days ago

As the Reserve Bank of India (RBI) welcomes its new leadership, the incoming governor is already facing intense scrutiny regarding the Indian rupee’s performance against the US dollar. A series of calls from economists and market analysts have been made, urging the RBI to adopt policies that would allow the rupee to float more freely amidst a strengthening dollar.

Former RBI Governor Urges Greater Rupee Volatility to Bolster India's Economic Resilience

8 days ago

In a recent commentary, a former governor of the Reserve Bank of India (RBI) has called for a more flexible approach to the Indian rupee, advocating for increased volatility in the currency to enhance the country's economic resilience against global economic fluctuations. This insight comes amid ongoing discussions about the best monetary policies for a rapidly evolving financial landscape.

New Leadership at Mauritius Central Bank Focuses on Rupee Depreciation Concerns

2 months ago

In a significant shift for the financial landscape of Mauritius, the newly appointed central bank governor has declared the depreciation of the Mauritian rupee as a critical priority. This statement comes amid ongoing challenges faced by the nation’s economy, signaling a proactive approach towards addressing the currency's valuation and its impacts on inflation and economic stability.

India's Foreign Exchange Reserves Drop for Fifth Consecutive Week: A Sign of Market Intervention?

2 months ago

In an ongoing trend that is grabbing attention from financial analysts and policymakers alike, India’s foreign exchange reserves have experienced a notable decline for the fifth consecutive week. As reported, the reserves dropped to approximately $597.7 billion, reflecting a decrease that raises concerns about potential government interventions in the currency markets. This alarming trend reflects pressures stemming from various global economic challenges.

Tourism Boom: Mauritian Rupee Surges After Best Quarter in 13 Years

3 months ago

The Mauritian Rupee has enjoyed a remarkable rise, powered mainly by tourism, which surged it to its best quarter in over a decade. According to financial reports, such performance translates into the strongest quarterly growth of the currency in 13 years, spurred by a sharp increase in visitor arrivals to the picturesque Indian Ocean island nation.