Indian ₹ has reached the ₹80 levels for 1$. Though the Indian rupee has been experiencing a downturn vis-a-vis the US Dollar, it is still performing better than many other currencies in emerging market economies. That is because of the timely interventions of the RBI to support the depreciating rupee. Ever since the Ukraine war … Read more
The Reserve Bank of India has recently allowed international trade settlement in Indian rupees. What does that mean for importers, exporters, and the Indian economy as a whole? We discuss this in today’s blog post. The RBI on 11th July 2022 announced that all imports and exports from/to India could be denominated in Indian rupees. … Read more
Recently, crude oil prices have touched a record high of $88 a barrel, the prices not seen since 2014. The prices are further expected to reach as high as $100 per barrel in the coming days. This is sparking fear among the emerging markets worldwide. In this post, we will see how the prices of … Read more
We have witnessed a rather unprecedented fall in the US crude oil (WTI) prices on April 20th, 2020. This is unprecedented because the US oil prices never traded less than $0 in history. In brief, the US WTI oil prices plunged because the producers ran out of storage to store the oil supplied by them. … Read more