archivestrong dollar

RBI's February bulletin highlights sequential growth in India's economic activity driven by strong rural and urban demand. However, global uncertainties and a strong US dollar pose challenges.Mumbai, Feb 19 (PTI) High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on Wednesday.However, a strong dollar, driven by US economic resilience and trade policy pivots, could exacerbate capital outflows from emerging economies,...

(Adds quotes, context) WASHINGTON, April 25 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Thursday the strong dollar reflected the strength of the U.S. economy and high interest rates, insisting that interventions by governments in currency markets were acceptable only in rare circumstances. Yellen, speaking in an interview with Reuters, acknowledged the strength of the dollar and divergences with other countries, but said the dollar's rise reflected "the strength of the U.S. economy and the level of interest rates." The former chair of the Federal Reserve declined to comment...