This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story No one is questioning India’s sovereignty, as the world’s largest democracy marks 77 years … Read more
New Delhi, India – February 01: Finance minister, Nirmala Sitharaman, outside Finance Ministry on the Budget Day, with other members of Finance Ministry in New Delhi on February 01, 2024. (Photo by Hardik Chhabra/ The India Today Group via Getty Images) The India Today Group | The India Today Group | Getty Images This report … Read more
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story Women voters stand in line at a polling station during the sixth phase of … Read more
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story A man counts Indian rupee banknotes for a photograph near the Bombay Stock Exchange … Read more
People stand in front of a Reserve Bank of India logo at the Global Fintech Fest in Mumbai, India, 5 September, 2023. Niharika Kulkarni | Nurphoto | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big … Read more
The U.S. dollar is expected to remain resilient despite possible Fed rate cuts this year. Jackal Pan | Moment | Getty Images Asian currencies could be on the “backfoot” this year despite signals that the U.S. Federal Reserve could cut interest rates soon, according to Julia Wang, executive director and global market strategist at JPMorgan … Read more
The portrait of Mahatma Gandhi is displayed on Indian rupee banknotes in an arranged photograph in Bangkok, Thailand, on Wednesday, Sept. 12, 2018. Brent Lewin | Bloomberg | Getty Images The U.S. Federal Reserve is expected to cut interest rates later this year and, while that may not be good news for the dollar, some … Read more
Oil trades have sometimes been settled in the Chinese yuan, Russian ruble or Indian rupee, but the idea of “de-dollarization” — or moving away from the U.S. dollar to settle trades in other currencies — is still far away. “I would like to be able to transact everything in rupees. That’s my personal [view],” India’s … Read more