Courtesy: Dhiraj Singh/getty
The RBI’s two-pronged strategy to protect the economy from tapering-led volatility discourages unproductive external borrowings and prods foreign portfolio debt investors to think long-term. There's another vexed issue: the IMF has sounded a cautionary note on the rising number of foreign currency debt laden Indian firms
Courtesy: G20 Taskforce, Department of Prime Minister and Cabinet
After 2008 the G20 framed guidelines for emerging economies to coordinate their financial actions with the developed world. But the US’s backtracking created havoc in many countries. Now, after the recent G20 meeting, it may be time for the RBI to reconsider some financial measures, which India took in good faith
Tarun Kataria, CEO, Religare Capital Markets India foresaw the decline of the rupee to the 60 mark against the U.S. dollar several months ago. He speaks to Gateway House’s Manjeet Kripalani about the impact the rupee crisis will have on the economy and consumers and how the government can reverse the situation
Courtesy: Presidential Press and Information Office/Wikimedia Commons
If not dominated by China’s renminbi, what would nations with bills called renminbi, real, rupee, ruble and rand call their common currency? The BRICS quest for an alternative to the dollar is rooted in a belief that America’s printing press economy and mega banks are mega dangers to global stability.
