Economy National
The Indian rupee slipped to a record low against the US dollar on Monday, pressured by persistent foreign fund outflows and uncertainty surrounding a potential trade agreement between India and the United States. Market participants said global risk aversion and a stronger dollar added to the currency’s weakness. Traders noted that sustained selling by foreign […]
Expert Opinions Opinion
On the evening of November 8, 2016, India came to a standstill. Millions lined up outside banks, clutching stacks of suddenly worthless notes. The government’s announcement to invalidate ₹500 and ₹1,000 notes overnight was met with confusion, panic, and fierce debate. Economists called it reckless. Politicians called it a stunt. But few understood that demonetization […]