Topic: Foreign exchange

Rupee continues to strengthen on expectations that Modi is going to form the government again

The month of March has witnessed the most robust Rupee performance since 2nd January 2019.

On the expectation of PM Modi’s re-election in 2019, Rupee hits two-and-a-half-month high

The surging popularity of Modi could also be seen as three opinion polls envisioned a clear majority of the NDA in the upcoming general elections

Second consecutive rate cut: LPG cylinder price cut by Rs 120.50 for unsubsidised consumers, Rs 5.91 for subsidised

Reduced prices in the international market has led to a second consecutive monthly price reduction

Rupee rises 21 paise against US Dollar, touching a three-month high

The Rupee rose by 21 paise to 69.64 against the US Dollar.

FCRA violations: Amnesty International’s Bengaluru offices raided by Enforcement Directorate

NDA government has been investigating unauthorised foreign funding received by NGOs

Iran ready to handover Chabahar port to Indian firm for operation: Iranian Minister Abbas Akhoundi

Chabahar is one of the most important strategic areas of influence for India

Jyotiraditya Scindia furthers half truth about India’s forex reserves, gets fact-checked

Even at a 7 month low, forex reserve was higher by around 30% since the BJP gained power, outflanking the Congress in 2014.

Modi government’s National Steel Policy saved the country Rs 5,000 crores forex

National Steel Policy has also added around 24 million tonnes of crude steel capacity during the last four years.

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