See the full story in the original article.
Read the original on israelherald.com ↗
Keywords
Indiacentral bankexchange ratesinflationrupee
Open a keyword to see other news on the same topic.
Related news
- RBI does not target any price or level for rupee , says Governor Sanjay Malhotra
Reserve Bank of India (RBI) Governor Sanjay Malhotra said at the NDTV World Summit 2026 in New Delhi that the RBI does not target any price or level for the rupee. The central bank will still take necessary measures to curb speculation and excessive volatility and keep forex markets orderly. Malhotra said geopolitical tensions, supply chain disruptions, the West Asia conflict and trade uncertainty make central bankers' work harder, with global inflation elevated and the IMF projecting 3.1% global growth this year. Most economies have raised policy rates, except a few such as Japan and Sweden, while India's inflation has risen steadily to 5.5%. The RBI raised its policy repo rate by 25 basis points, and price stability remains its top priority.
- RBI does not target any price or level for rupee , says Governor Sanjay Malhotra
- RBI does not target any price or level for rupee , says Governor Sanjay Malhotra
RBI Governor Sanjay Malhotra said at the NDTV World Summit 2026 that the central bank does not target any price or level for the rupee, but will keep taking necessary measures to curb speculation and excessive volatility and ensure orderly forex markets. He said geopolitical tensions, supply chain disruptions, the West Asia conflict and trade uncertainty have made central bankers' job more challenging, while price stability remains their primary responsibility. Globally, inflation is elevated and growth is lower, projected at 3.1% this year by the IMF. India's inflation has risen steadily to 5.5%, largely due to supply-side pressures, and the RBI raised its policy repo rate by 25 basis points.
- Rupee recovery faces hurdles from dollar demand, capital outflows
- Industry backs RBI, govt measures to support rupee, attract long-term capital
The industry body ASSOCHAM on Monday backed recent RBI and Finance Ministry measures to support the rupee and attract durable foreign capital, following recent rupee volatility and FPI flows. It said these steps had helped the rupee recover from recent lows and welcomed the completion of the $133 billion FCNR(B) mobilisation window that closed on August 31. ASSOCHAM Chief Economist S.P. Sharma cited strong macroeconomic fundamentals, healthy foreign exchange reserves, and the RBI's projected 7.1 per cent GDP growth for FY27. The chamber also welcomed a tax exemption for FPI investments in government securities under the Income-tax Amendment Ordinance, 2026, effective April 1, 2026, while calling for further tax rationalisation and incentives for longer-term equity investment.
- Rupee and the price of dodging a century - The HinduBusinessLine
The Indian rupee traded at 94.81 per dollar, after being Asia's worst-performing currency until a week ago, falling 7% over nine months following a 5% decline in 2025. To defend the psychological 100 level, the RBI mobilised $133 billion through FCNR(B) deposits in June, sold a net $53 billion in FY26, and raised the repo rate by 0.25 percentage points to 5.50%. Net FII outflows reached $32.8 billion in the first 10 months of the calendar year, versus $16 billion in all of 2025, as capital shifted to AI, semiconductors and data centres and US interest rates stayed high. The author argues these measures are only palliative and that attracting and retaining FII inflows matters most, with FII taxation as a key issue. The Finance Minister has hinted at a possible review of long-term capital gains rates for FIIs.
Related markets
Latest news
- Stock-Split Watch: Is Micron Next?
Micron shares have gained 350% over the past year, outpacing the 68% rise in the PHLX Semiconductor Sector index, but have slid 25% from their 52-week high reached in June this year, a pullback the author attributes more to broader market sentiment than to financial performance. The author suggests management could opt for a stock split, as the last one was in 2000, since a lower share price could make the stock more accessible and spur demand. With shares around $900, Micron trades at 13 times earnings versus 45 for the iShares Semiconductor ETF, and EPS is expected to rise nearly 134% this fiscal year to $176.55. The 12-month median price target of $1,550 implies 70% upside, and 53 of 57 analysts rate the stock a buy. The author argues Micron remains attractive regardless of a split, citing TrendForce's forecast that the global memory market will grow from $889 billion in 2026 to $1.28 trillion next year.
- In 1985, He Was Forced Out of the Company He Founded. Months Later He Bet $10 Million On A Graphics Unit He Bought From George Lucas. By 2006, That Bet Was Worth Far More Than His Apple Stock
After Apple forced him out in 1985, Steve Jobs bought Lucasfilm's computer graphics division for $10 million, which became Pixar. He kept funding the company through lean years, and after Toy Story earned about $400 million and Pixar's 1995 IPO, he owned 80.2% of the company. In January 2006, Disney bought Pixar in an all-stock deal worth about $7.4 billion, giving Jobs roughly 138 million Disney shares valued at about $3.52 billion at the deal price. That stake was about 7.5 times his Apple holdings at the end of 2006, or 4.2 times depending on the share count, which the article notes is unverified. By Jobs's death in 2011, the gap had narrowed as Apple's shares rose sharply, with his Disney stake valued at $4.35 billion and his Apple shares at $2.05 billion.
- With Oil Prices Rising, Bitcoin Remains Stuck Below $85,000. Here's Why I'm Still Buying Bitcoin Right Now.
Bitcoin rose 45% from July to September, from $60,000 to $87,000, but is down 2% in October as soaring oil prices, hovering around $100, have weighed on it. The author argues the usual oil-to-inflation-to-rate-hike chain is not supported by long-term data, since rolling correlations between Bitcoin and WTI or Brent typically sit near zero and appear only over short periods. He sees most daily explanations, such as Bitcoin rising alongside SpaceX's better-than-expected revenue, as noise, and describes Bitcoin as a long-term, buy-and-hold asset prone to short-term volatility. The author says he is still buying Bitcoin regardless of gas prices.
- Prediction: Here's What $500 Invested in Archer Aviation Will Be Worth in 5 Years
The article profiles Archer Aviation (ACHR), a company developing electric vertical takeoff and landing (eVTOL) air taxis. JP Morgan analysts project the eVTOL market could be worth $1 trillion by 2040. Archer's second-quarter revenue was just $5 million as it has not yet begun commercial eVTOL operations, while operating losses rose 59% year over year to $279.2 million, mainly due to research and development on its Midnight design. Archer has been selected as the official air taxi provider for the Los Angeles Olympic Games, seen as a key proof of concept. With a $4.4 billion market cap, the article illustrates that a 20% annual return would turn $500 into $1,244.16 by 2031, but calls this a best-case scenario and notes investors face risks of large losses and delays, suggesting it may make more sense to wait for more information before considering a position.
- Why Are Investors Buying Credit Default Swaps to Hedge AI-Related Debt?
Investors are increasingly using credit default swaps (CDS) to hedge debt issued by companies in AI infrastructure, as these firms raise large sums for data centres and chips. Morgan Stanley Research reported weekly CDS trading linked to bonds from Oracle, SpaceX, Alphabet, Amazon, Meta, Broadcom and Nvidia averaged over $9 billion in September, up from under $2 billion per week in July. AI-linked debt issuance is estimated at $466 billion so far in 2026, versus $101 billion in the same period of 2025. Credit protection costs have hit record levels for several firms, including Oracle at 322 basis points (from 144 at the start of 2026), SpaceX at 226 basis points, Meta at 108 and Nvidia at 101 basis points.
- If the Stock Market Crashes, This Is the First ETF I'm Loading Up On
The article argues that stock markets will eventually crash, and that the Invesco QQQ Trust (QQQ) could be the first ETF the author would add to in such a downturn. QQQ tracks the Nasdaq-100 and holds major names including Nvidia, Microsoft, Amazon, Micron Technology, Meta Platforms, Alphabet and Tesla, giving broad exposure to the AI trade. The ETF is up 98% over the past three years, and Nasdaq-100 stocks trade at a blended price-to-earnings ratio of about 30, which the article calls already lofty. It notes QQQ fell 83% after the dot-com bubble burst and about 50% during the financial crisis. The piece also flags risks from heavy losses at frontier AI firms such as OpenAI and Anthropic, and suggests that if AI follows the internet's path, QQQ could be a way to take part in the eventual recovery.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.