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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 Reserve Bank of India (RBI) has given leeway to banks to borrow Rs 50,000 crore at repo rate (4 per cent)...

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 economic performance, the outlook for inflation, interest rate and capital flows will have an impact on cu...

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 its worst month, since the pandemic hit the country early last year. "The second wave of COVID-19 in I...

The rupee has already lost 2.6 per centagainst the dollar so far this month 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 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 likely to trade with a depreciating bias on the back of a stronger dollar, relatively weaker EM cur...

‘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 on the cusp of marking its worst month since the pandemic hit the country early last year. “INR [I...