India's inflation rate increases to 0.71% in November, but the Rupee continues to bleed.India's inflation rate increased to 0.71% in November after falling to 0.25% in October. The Ministry of Statistics and Programme Implementation noted that the increase in headline inflation and food inflation during the month of November was mainly attributed to increase in inflation of Vegetables, Egg, Meat and fish, Spices and Fuel and light.
India central bank deputy warns of stablecoin risks, dismisses claims of utility.India needs to be cautious towards stablecoins, as they pose significant macroeconomic risk while serving no purpose that fiat money cannot, the Reserve Bank of India Deputy Governor, T. Rabi Sankar, said on Friday.
India rupee steadies after hitting record low; drift lower may persist.In a stunning development on Friday, the Indian rupee hit an all-time low, marking its second straight week of downturns. Investors are on edge, closely monitoring the uncertain trajectory of U.S.-India trade negotiations.
Rupee hits record low as US trade stalemate drags on, outflows pinch.The Indian rupee hit a record low on Friday, as sentiment remained bogged down by the absence of a trade deal with the U.S. and portfolio outflows, drawing likely intervention by the Reserve Bank of India to curb the fall.
Wobbly dollar may offer fleeting relief to rupee, outflows remain pain point.The Indian rupee is expected to open modestly stronger on Friday, supported by a weaker dollar, though traders warn the relief may be short-lived as persistent merchant and portfolio outflows keep pressure on the currency.