Tag: Finance & Banking

Reflections, Ideas & Perspectives

The Looming Specter of Recession: A Global Concern with an Indian Twist

Indrajit Roy Choudhury

Since the COVID-19 pandemic, the threat of global recession has grown due to central banks' efforts to control inflation. While advanced economies may face recession, India could see relief from falling global commodity prices. However, India's export and investment outlook may be affected by a potential US recession. Despite global uncertainties, India's recession probability remains low, with the economy showing signs of robust recovery. The impact of a US recession on India will depend on its severity, but India's resilient economy and strong domestic policies offer a relatively stable outlook.

Reflections, Ideas & Perspectives

The Indian Rupee’s Struggle: A Detailed Analysis

Indrajit Roy Choudhury

The Indian rupee has plunged more than 6 per cent against the US dollar this year and tumbled to record lows against the American currency in recent weeks, weighed down by broad strength in the greenback and as investors retreated from domestic share markets. This is in spite of the Indian central bank’s conviction and actions to stall a freefall. The Reserve Bank of India (RBI) has attempted to save the vulnerable rupee. The analysts say the dollar is likely going to remain strong for the next three months, possibly to the end of the year. The Fed wants to maintain a strong dollar so that the dollar can remain the world's major reserve currency.