archiveCurrent Affairs

The weakening rupee has started impacting Indian corporates that have gone for foreign currency borrowings, compounding concerns at a time when trade wars and economic slowdown are casting a shadow over global growth prospects. The five per cent depreciation in the rupee since April 2024 has directly increased the rupee equivalent of debt repayment for companies relying on external commercial borrowings (ECBs) by the same percentage, pinching the corporate sector.There could be more trouble in the offing as there are clear indications from the RBI that it may not be...

The Indian rupee plunged below the 87 level to an all-time low of 87.29 per dollar on Monday (February 3) as the dollar index surged more than a per cent after US President Donald Trump imposed tariffs on Canada, Mexico and China that triggered fears of a broad global trade war.The dollar index rose 1.24 per cent to trade at Rs 109.84 per cent. The dollar index is a measure of the value of the US dollar relative to a basket of six foreign currencies. The domestic currency had settled...

United States President Donald Trump on Monday (January 20) repeated his intention to impose 100% import tariffs on the BRICS (Brazil, Russia, India, China, and South Africa) countries if they took any steps towards cutting the use of the dollar in global trade.BRICS nations would “have a 100 per cent tariff if they so much as even think” about reducing the use of the dollar in global trade, Trump told reporters during the signing ceremony in the Oval Office, according to an ANI report. Earlier, delivering his inaugural speech after...