Page 2 - Sameer Narang News Today

India's effort to boost consumption through government spending and low interest rates is paying off, with the economy gaining strength just as a new coronavirus variant emerges as the top threat to a global recovery.

Private-equity (PE) firms Bain Capital and Hellman & Friedman acquire athenahealth, a cloud-based healthcare technology company for $17B.

That recovery in consumer optimism may be just around the corner, according to a survey by the Reserve Bank of India. While households were downbeat about the current economic conditions, they are hopeful about the year ahead prospects, the RBI said.

Read more about RBI assures liquidity for economy, keeps growth revival top priority on Business Standard. MPC unanimously votes in favour of keeping rates on hold and maintaining accommodative monetary policy stance.

Read more about GDP growth springs a positive surprise: Four implications for FY22 on Business Standard. The positives apart, it is clear consumption cant rebound meaningfully without large-scale vaccination; the good news is the rate is likely to improve steadily in the coming months

With rising infections, Covid 2.0 has taken a huge toll on India’s health infrastructure. The economic impact is nowhere close to the scale of impact on public health. This is more to do with the fact that this time around, the containment measures have been more localised. Last year, India had gone for a national lockdown to build health systems and infra to fight the first wave. The second wave has shown that we need to further augment our health infrastructure. As a first step, the Reser...

Indian rupee to slip further without RBI intervention Photo: Reuters The rupee has been choppy against other foreign currencies. The Indian rupee could continue to weaken in the absence of a strong intervention by the Reserve Bank of India even as the devastating outbreak of a second wave of the pandemic posing strong headwinds to the country’s economic rebound. The rupee has been choppy against other foreign currencies. “Apart from surging Covid-19 cases, factors such as country’s econom...

File photo The rupee fell by 7 paise to close below the 75 mark against the US dollar on Friday (April 23) as a record spike in COVID-19 cases and losses in the domestic equities weighed on investor sentiment. Forex traders said heavy selloff in domestic equities amid fears that a rapid resurgence of COVID-19 cases in the country can disrupt economic recovery kept investors on edge. The rupee has already lost 2.6 percent against the dollar so far this month, putting it on the cusp of marking it...

The rupee has already lost 2.6 per centagainst the dollar so far this month The rupees near-term fortunes may directly be influenced by the Reserve Bank of Indias intent on preventing any further depreciation in the currency as the surge in COVID-19 cases hits jobs and growth, economists and traders said. The rupee has already lost 2.6 per cent against the dollar so far this month, putting it on the cusp of marking its worst month, since the pandemic hit the country early last year. "INR is l...

‘RBI intent is key to curb further rupee weakness’ Updated: Updated: ‘Bearish bets at highest since last April’ Share Article ‘Bearish bets at highest since last April’ The rupee’s near-term fortunes may directly be influenced by the Reserve Bank of India’s intent on preventing any further depreciation in the currency as the surge in COVID-19 cases hits jobs and growth, economists and traders said. The rupee has already lost 2.6% against the dollar so far this month, putting it ...