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If the United States reins in its deficit, China has much to lose. (AFP Photo)

Mohan Guruswamy | Global reserve currency is an urgent need for all

In the past few decades, the GWP has grown at a much faster rate

18 Aug 2021 12:49 AM IST

Rupee depreciated 31 paise to 76.10 against the US dollar in opening trade. (PTI Photo)

Rupee slumps 26 paise to close at 73.87 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02 per cent...

22 Sept 2021 4:11 PM IST

Far from being the competitors of the United States, China and India are still its under-economies, serving it with cheap labour working on repetitive jobs and repetitive number crunching. (Representational Image)

Mohan Guruswamy | What is the prescription for America's many ills?

The problem with the US is, it lives far beyond its means and its profligacy has left it as a debtor, unable to pay its...

27 Dec 2022 12:00 AM IST

The central banks decision to lower its forecast for the countrys economic growth from seven per cent to 6.8 per cent, citing global headwinds, shows that all is not well yet. (Photo: PTI)

AA Edit | Promising signs in economy

The RBI governor's post-policy meeting comments hint that the central government remains focused on inflation

10 Dec 2022 12:15 AM IST

This is the second time that PM Modi will be chairing the BRICS Summit, the first being the Goa Summit in 2016. (PTI)

Padma Rao Sundarji | New currency for Brics: How feasible will it be?

Brics, whose joint share in worldwide GDP overtook even that of the G-7 in 2020, isn't the first entity to come up with...

12 April 2023 12:00 AM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

Venezuela seeks trade with Indian currency

It may be recalled that New Delhi had recently allowed investment in Indian Rupees in Iran.

13 March 2018 12:57 AM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

RBI sets rupee reference rate at 67.4526 against dollar

The exchange rates for the pound and the yen against the rupee were 89.7929 and 62.04 per 100 yens, respectively.

31 May 2018 2:05 PM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

RBI sets rupee reference rate at 67.6288 against dollar

The corresponding rates were 67.8201 and 78.6984, yesterday.

30 May 2018 4:39 PM IST

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

Rupee weakens further, down 31 paise against dollar

The domestic unit resumed lower at 67.62 as against yesterday's closing level of 67.43 per dollar at the inter-bank...

29 May 2018 11:47 AM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

RBI sets rupee reference rate at 67.4430 against dollar

The exchange rates for the pound and the yen against the rupee were 89.8880 and 61.57 per 100 yens, respectively.

28 May 2018 5:52 PM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

RBI sets rupee reference rate at 67.7156 against dollar

The corresponding rates were 67.8276 and 80.2943, as on Wednesday.

17 May 2018 4:03 PM IST

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

RBI sets rupee reference rate at 67.2203 against US dollar

The Reserve Bank of India on Friday fixed the reference rate of the rupee at 67.2203 against the US dollar and 80.0863...

11 May 2018 3:10 PM IST