-Livemint.com After extreme rain and severe flooding, Pakistan is dealing with acute food shortage. Moreover, dollar crunch has kept Pakistani food importers at mercy of grey market Extreme floods might not be a problem for Pakistanis anymore, but acute food shortage and drying forex reserve have made Pakistani food importers vulnerable to the grey market for payments. Under the grey market, the commodities are traded through markets that are unauthorised by the manufacturers....
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107-fold spike in fake Rs 2,000 notes since 2016
-The Tribune Little impact of demonetisation Six years after demonetisation, the black Currency market continues to thrive. There has been a whopping 107 times increase in the number of fake Currency notes of Rs 2,000 denomination between 2016 and 2020. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary today said 2,272 fake Currency notes of Rs 2,000 denomination were seized in 2016, 74,898 in 2017, 54,776...
More »As the rupee touches 80 to the dollar, what does this mean for India’s economy? -Deepanshu Mohan
-Scroll.in Costlier imports and the widening of the current account deficit is likely to eat into India’s foreign Currency exchange reserves. The Indian rupee touched a historical low, trading almost at Rs 80 against the US dollar on Wednesday. A knee-jerk, macro-analytical response studying India’s Currency performance would mistakenly see this trend in isolation, while projecting a weakening of macro-economic fundamentals to be leading towards a depreciation. Looking closely at the numbers it...
More »In a free fall
-The Telegraph Unlike 2013, the pressure on the rupee will endure This month, the rupee’s weakening trend has occupied our attention. Media reports have relentlessly focused on its fall to a ‘lifetime-low’ on a daily frequency. The authorities, on their part, have centred on measures to ease the mounting pressures up on the Currency. Memory of the 2013‘taper tantrum’ is fresh in minds and has spurred a series of actions to prevent...
More »Retail inflation eases to 7.01% in June, but remains above RBI's target band -Meghna Sen
-Livemint.com For the sixth month in a row, the retail price inflation stayed well above the RBI's upper tolerance limit of 6% India's retail inflation eased slightly to 7.01% in June against 7.04% in the previous month, government data showed today. However, in June 2021, the retail inflation stood at 6.26%. The consumer price-based inflation (CPI) has breached the upper limit of RBI's tolerance band, ranging from 2-6%, for the sixth consecutive...
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