Stock Market
By Steven Anderson
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India's currency collapsed Thursday. The rupee hit 87.65 against the dollar, marking its worst performance ever as the Iran conflict threatens to choke off global oil supplies…
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Oil prices went crazy this week, jumping over 10% as Brent crude touched $120 per barrel Wednesday.
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The Reserve Bank of India faces mounting pressure to step in and stabilize things, but officials haven't said much about their game plan yet.
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Companies with heavy energy costs are bracing for pain. Airlines and manufacturers know their expenses are about to spike, which probably means higher prices for consumers who…
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But exporters might catch a break. A weaker rupee makes Indian goods cheaper abroad, potentially helping IT companies and textile manufacturers compete better in international…
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The government's walking a tightrope on the diplomatic front. Officials are weighing how to respond to the Iran situation, but the Ministry of External Affairs hasn't issued any…
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This currency crisis hits at the worst possible time for India, which is still dealing with domestic inflation and trying to recover from COVID-19's economic damage.
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Bank of America analysts point out something scary: the rupee's slide makes it more expensive to service India's massive $600 billion in foreign debt.
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March 15 saw chaos in Mumbai's stock exchanges as investors reacted to the rupee's fall. The S&P BSE Sensex dropped 1.
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Indian Oil Corporation is scrambling to review its procurement strategies as oil prices soar.
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The Association of Indian Chambers of Commerce and Industry jumped into action March 16, calling for urgent government consultations.
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March 17 brought more anxiety as the RBI stayed silent on intervention strategies. The central bank hasn't disclosed any plans to stabilize the rupee or tackle rising inflation…
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Finance Minister Nirmala Sitharaman is reportedly holding emergency meetings with top economic advisors to discuss damage control measures.
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Tata Motors announced it's evaluating how currency depreciation affects its supply chain and pricing strategies.
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The Federation of Indian Export Organisations wants the government to capitalize on the weak rupee by boosting export incentives. FIEO President A.
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