Explainer

Explainer: Why the rupee sank to an all time low of 78 against the US dollar today

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NEW DELHI: The Indian rupee hit another record low on Monday, touching 78.20 against the US dollar on June 13. The rupee is down 5% since January 2022 and the primary reason for this a stronger US dollar index, surging oil prices and dollar outflows from Indian equity and bond markets. Foreign institutional investors have … Read more

ukraine: Explainer: How the war in Ukraine is fueling a global food crisis

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NEW DELHI: Russia’s invasion of Ukraine in late February has increased the outlook for already inflated global food prices, especially affecting Africa and developing countries like India. The halt in Ukrainian exports following the conflict has pushed the Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of the most globally traded … Read more