So far, Foreign Institutional Investors (FIIs) have pulled out Rs 469 billion from the Indian market (both equity and debt) causing the local unit to fall 8.24 percent this year from 63.84 to 69.10. This in turn has more than tripled the Current Account Deficit (CAD) from $15 billion in FY17 to $48 billion in FY18.
India's January-March current deficit widened to $13bn from $2.6bn a year earlier.
The rupee dropped to a record low against the U.S. dollar on Thursday, a slide fueled by fears over trade conflicts and higher oil prices that could drag down the major energy importer's economy.
Since Monday, the rupee has depreciated 1.2 per cent as consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices kept the rupee under pressure. In early trade, it strengthened further and was at 68.50 at 10.15 am, thanks to fresh selling of the American currency by banks and exporters.
The rupee on Wednesday closed at 68.61 against the USA dollar.
"But he added: "While they can exercise control on the domestic markets, they will have little or no control on the NDF (non-deliverable forward) markets, which has been setting the trend post our market close". Historically, we have gone to even higher levels. "Those who screamed murder when the rupee fell to 52 a dollar in times of Dr Manmohan Singh aren't to be heard also", tweeted the Mahila Congress.
"If we assess at any stage that we need to buttress or refurbish our reserves, the options are open", Garg said, adding "that situation has not arisen".
As per currency dealers speculations, the Indian rupee could hit 70 a dollar by the month of August as Reserve Bank of India (RBI) is not coming with initiatives to support the Indian currency.
Due to the drop in the value of rupee, there are concerns about the government's debt sales and the overall impact of the price rise of crude oil will have on the economy.
With crude oil prices screaming higher this week on the back of a big draw in USA inventories, supply disruptions in Canada and calls from the United States for its allies to stop importing Iranian crude as a part of new sanctions slapped on the country, it's clearly taken its toll on the rupee.
Modi had asked whose age the fall in the rupee reflected - the prime minister or the finance minister. Ahmad said that Indonesia's central bank may soon be forced to hike rates.
Lindsay Walters, a White House spokeswoman, offered the Trump administration's "thoughts and prayers" to "all that are affected". Police officers walk at the scene after five people were shot dead inside the newspaper office.
Overall, Sanju comes across as a patronising film and the team happily skips the portions they don't want us to peep into. In this interview with NDTV .com, Hirani revealed that after watching the film Sanjay Dutt broke down.
Over the course of the lap record the 919 hit a top speed of 229.28mph and covered the track at an average speed of over 148mph. For some context, this lap was about 90 seconds faster than the production-car record holder, the Porsche 911 GT2 RS .
Before starting to record a video, users can swipe the new " Music " option on the camera screen right under the record button. For the first time, you'll finally be able to further liven up your Stories by soundtracking uploads with your favorite tunes.
Then it says its own efforts are over but that it will continue to work within the industry, though it is not clear how. Since the program was relatively cheap for a company Facebook's size, the tests must have been a catastrophe.
It is time for the prescription drug supply chain to accept reality: Amazon is serious about entering the pharmacy business . PillPack is an online pharmacy which operates in all 50 USA states and offers pre-sorted dose packaging and home delivery.
Belgium defender Toby Alderweireld echoed that sentiment. "The European Championship was also something different", he said. Lukaku also became the first player to score two or more goals in consecutive World Cup games since Diego Maradona in 1986.
France Star Feels Sorry For Lionel Messi
A 1-0 win for Argentina at the 1930 World Cup, and a 2-1 Argentina win in the 1978 tournament. However, he also thought that it was more than just Messi who could punish the French.
Senegal crash out of World Cup on fair play to Japan
Japan are not the kind of team that rest players for the second round when they are not there yet, but Nishino took a gamble. And I remember having a conversation with him a very long time ago and him telling me that they used to count corner kicks.