PM Modi may call a review meet to assess currency defending measures

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

Prime Minister Narendra Modi is likely to call a review meeting this weekend to evaluate the intervention measures to defend the falling value of Indian rupee said a news report by ET NOW

Reportedly widened current account deficit (CAD) and global trade war between China and the US has led to a depreciation in the value of Indian currency. It went below 72.90 in morning trade. The rupee is now trading at Rs 72.26 against dollars.

Analysts believe that this is one of the worst performing currencies in Asia with a falling percentage of over 12% in 2018. The freefall in currency has led to turmoil in the stock market.

The reports in the media indicated that the government along with RBI might announce a deposit scheme for NRIs which will control the depreciation in rupee by boosting foreign inflows.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Will do ‘Kaam Ki Baat’, not ‘Mann Ki Baat’: Rahul (Lead)

Nuh (Haryana), Oct 14 (IANS) Slamming the BJP government over the economic slowdown, Congress leader Rahul Gandhi on Monday...

Sensex ends tad higher, IRCTC doubles gain on issue price (Lead)

Mumbai, Oct 14 (IANS) Indian equity markets surrendered early gains to end marginally higher on Monday amid a weak growth outlook and trade related...

Mithila Palkar, Sayani Gupta, Dia Mirza take up the Girl Get Equal Challenge

Mithila Palkar is one of those very few actresses to make a successful transition from web to films. She recently took up the 'Girls Get...

Death Stranding will take 55 Gb of your PS4 space

Death Stranding has been in the news for quite some time now. It was during the Gamescom 2019 Opening Night Live hosted by Geoff Keighley, director/...

Great opportunity to develop football in Bangladesh: Jamal

By Debayan MukherjeeKolkata, Oct 14 (IANS) Bangladesh skipper Jamal Bhuyan on Monday said their Group E Asian Qualifiers for the FIFA World Cup tie...
- Advertisement -

More Articles Like This