According to RBI data, the 40-currency basket measuring the rupee's competitiveness shows it was overvalued by 7.21 percent through October-nearly the highest in six years.
But the rupee's decline of 1.5 percent this year against the dollar is the least among Asian currencies. RBI Governor Shaktikanta Das recently noted that the rupee has emerged as one of the least volatile currencies in the world since the start of 2023. Given that excessive volatility can have detrimental effects, RBI's stated policy is to ensure that the exchange rate remains stable, which in turn instils confidence among market participants, investors and the wider economy.
Esta historia es de la edición November 23, 2024 de The Morning Standard.
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Esta historia es de la edición November 23, 2024 de The Morning Standard.
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A Forest of Enchantment
Delhi-based designer Payal Jain's new couture collection 'Enchanted Forest', not only paints a dreamscape inspired by nature but also gives back to the environment with sustainable creations
Confusion over trains led to stampede
Police: 2 trains with identical names on different platforms led to confusion among passengers before the tragedy
RAIL BHAVAN GETS INTO HUDDLE
High alert at stations witnessing very high footfall during Maha KUmbh
3rd aircraft carrying 112 illegal Indians touches down in Amritsar
THE third batch of 112 Indians deported from the United States aboard a military aircraft landed late on Sunday night at Amritsar's Sri Guru Ram Dass International airport.
ATS flags B'deshi terrorists entering J'khand for training
'Hatching anti-India terrorist conspiracies'
High Feb temp likely to hamper wheat yields
WITH above normal rising temperature in February, the fate of wheat crops in Northwest India looks uncertain. The rising temperature may shrivel wheat pods, impacting the quality and quantity of wheat production.
Anti-ragging cells in every Kerala school soon: Edu dept
THE general education department has decided to ask all schools in the state to form anti-ragging cells amid reports of ragging in some schools.
Shami works on lengths with Morkel
A FOCUSSED Mohammed Shami spent considerable time with bowling coach Morne Morkel as a full-strength Indian team started its training in earnest ahead of its Champions Trophy opener against Bangladesh at the picturesque ICC Academy practice ground here on Sunday.
Basilico finishes on top
FRANCESCO Di Basilico from Italy (55.45 m) and Martina Ayu Pratiwi from Indonesia (64.25 m) won the men's and women's titles respectively at the SDAT Asia Triathlon Cup 2025, held at the INS Adyar on Sunday.
Countering Modern Critiques of Classics
My thoughts have been very much with our epics this week and I would like to share my understanding of a few epic incidents that I feel have been wrongly critiqued in modern India.
