World News Insights
1-3 Minute Gist

All Topics Article

Rupee Plunges to an All-Time Low

Wall Street Journal Original article ›

Keywords:

LyrArc Article Gist
The rupee reached a low of 56.55 rupees to the U.S. dollar on June 20, 2012. Factors affecting the rupees include the large current account deficit and trade deficit, declining capital inflows and foreign investment in the Indian economy in 2012. Other factors are risks of further credit rating downgrades. Fitch Ratings lowered its outlook on India from stable to negative on June 18, 2012. Standard & Poors lowered the outlook in April 2012. The current rating is one step above junk rating, making India the only Bric country without an investment grade rating. The lack of decisionmaking to attract foreign investment within weak coalition governments in India because of the influence of regional parties is a major problem. Other problems include the poor management of coal, energy, electricity generation and the lack of funding for these sectors to power the economy.

New capital inflows into India in 2010-2011 and capital controls.

08/05/2010

Concerns that fickle capital that leaves quickly could be focussing on India, in the absence of tightened financial controls. The rise in the rupee by 5%. Concerns of Stiglitz and others.

Grouped Articles

Rajan Has Limited Rupee Options

Wall Street Journal 08/06/2013

Mom-and-Pop Investors Bolt Emerging Markets

Wall Street Journal 08/22/2013

Rupee Throws Oil on India's Subsidy Problem

Wall Street Journal 08/21/2013

Emerging Stocks' Emerging Problems

Wall Street Journal 08/23/2013

India Prime Minister Rules Out Capital Controls

Wall Street Journal 08/30/2013

India's Central Banker Lobbies Fed

Wall Street Journal 10/13/2013

India's oil and natural gas imports 2010-2015

02/21/2010

Growing imports of oil and natural gas in India in 2012-2013. Disappointing production of oil and natural gas from the Reliance offshore exploration in the Krishna-Godavari Basin. The need for increased exploration and a change in government policy. This comes at a time when India faces severe shortages of energy supplies including coal for electricity and power development.

Grouped Articles

Rupee Recovers From Tuesday's Record Low

Wall Street Journal 06/12/2013

Indian energy: A price worth paying

Economist 07/08/2013

IDFC Chief Says Power is 'the Next Telecom'

Wall Street Journal 02/21/2010

Rupee Throws Oil on India's Subsidy Problem

Wall Street Journal 08/21/2013

Indian Firm to Pay $2.64 Billion To Build Its Stake in African Gas Project

New York Times 08/26/2013

India Starts Nuclear Reactor After Lengthy Delays

Wall Street Journal 10/23/2013

India's exports- 2010-2013

07/25/2011

The shift in exports from textiles to automobiles, automotive, petrochemical, pharmaceutical and engineering goods. Manufactured goods at $245 billion for 2010 are now twice as large as IT services in India's exports.

Grouped Articles

Rupee Continues Decline on New Evidence of Weakness in Indian Economy

New York Times 09/02/2013

Manufactured Goods Lead Surge in Indian Exports

New York Times 07/25/2011

India-E.U. trade pact could boost AIDS treatment costs, health workers say - The Washington Post

Washington Post 02/11/2012

India’s Supreme Court to Hear Dispute on Drug Patents

New York Times 03/06/2012

Rupee Plunges to an All-Time Low

Wall Street Journal 06/22/2012

Top Court in India Rejects Novartis Drug Patent

New York Times 04/01/2013

India's central bank, the RBI and policies to control inflation and achieve other economic goals.

03/19/2006

Policies and actions of India's central bank, The Reserve Bank of India (RBI).

Grouped Articles

How Duvvuri Subbarao Is Steering India's Economy

BusinessWeek 05/13/2010

Delhi Taps IMF Veteran to Run Central Bank

Wall Street Journal 08/07/2013

India's Central Bank Surprises Markets With Rate Increase

Wall Street Journal 09/21/2013

India's Central Banker Lobbies Fed

Wall Street Journal 10/13/2013

Taping Up India's Broken House

Wall Street Journal 10/30/2013

Balancing Act for India’s Top Banker

New York Times 11/07/2013


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us