USA finance

Going on eighty: Rupee continues to test new lows against US dollar

It’s too early to say if the central bank’s recent measures will offer relief any time soon

Topics
finance sector | Currency | Indian rupee

Raghu Mohan & Abhijit Lele
Last Updated at July 17, 2022 18:25 IST –>

rupee, dollar

Photo: iStock.

The Financial Stability Report (FSR, June 2022), released last month, had observed: “Across emerging and developing economies, debt distress is rising as external funding conditions turn austere, compounded by currency depreciation and drainage of reserves as investors shun them as an asset class and fly to the safe haven of the relentlessly strengthening the dollar”.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW

SUBSCRIBE TO INSIGHTS

selected

MONTHLY

₹ 249

Select

selected

ANNUAL

₹ 1799

Select

Best Offer

selected

SMART ANNUAL

₹ 1799

Opt for auto renewal and save Rs 300

Select

What you get on Business Standard Premium?

OR

–> –> –> –> Dear Reader,
–>

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, July 17 2022. 18:25 IST

Raghu Mohan

Source: https://www.business-standard.com/article/finance/going-on-eighty-rupee-continues-to-test-new-lows-against-us-dollar-122071700700_1.html

Previous
USA financeDow Jones, US Dollar, Euro, Japanese Yen, Crude Oil, Inflation, ECB, BoJ
Next
USA financeBANK OF AMERICA CFO SAYS INVESTMENT BANKING REVENUES THIS QUARTE…

Similar Posts

Leave a Reply