Rupee up 49 paise, RBI governor says curbs to halt speculation

The Economic Times has reported a new India-focused economy development: “GST must become an economic partnership, not just tax collection tool: CBIC chief Vivek Chaturvedi.” The publisher's feed describes the story as follows: Vivek Chaturvedi, Chairman of CBIC, emphasized the importance of reducing compliance burdens for GST taxpayers. During a recent meeting, various stakeholders discussed upcoming reforms focused on simplifying tax administration processes. Proposed changes include decrimin

Mint has reported a new India-focused economy development: “Nirmala Sitharaman: RBI trying to curb rupee volatility, not fix its value; fiscal discipline should not worry investors.” The publisher's feed describes the story as follows: Referring to the RBI’s latest measures, announced two days earlier, the finance minister said the rupee had held firm and had probably appreciated. These efforts from the RBI would continue not to fix the rupee, but it would instead want the rupee finds its own l

Mint has reported a new India-focused economy development: “Late rally: Sensex jumps 1,110 points, Nifty over 22,700: 5 factors behind market rise; these stocks rebound after UPI.” The publisher's feed describes the story as follows: Indian markets rebounded Tuesday, with the Nifty 50 rising 1.60% and Sensex gaining 1.54%. Technology stocks led the rally after HCL Technologies reported strong quarterly results, while a stronger rupee, softer oil prices, and hopes of a review of the securities t

The Times of India has reported a new India-focused economy development: “RBI steps in with big measures for rupee, but should it let currency fall instead?.” The publisher's feed describes the story as follows: <![CDATA[One thought process is that the RBI should allow the market forces to let the rupee find its levels. Indeed the IMF recently said that India should allow the exchange rate to act as a shock absorber. Interestingly, RBI governor Sanjay Malhotra believes that the rupee is actuall