A weaker rupee is often seen as a boost for Indian exports by making goods more competitive globally, but the reality is more complex, the apex exporters' body FIEO said on Friday. Federation of Indian Export Organisations (FIEO) President Ashwani Kumar also said the recent depreciation of the domestic currency against the US Dollar represents a complex economic scenario with mixed outcomes. "A weaker rupee is not a one-size-fits-all solution to boost exports. A strategic, multi-pronged approach is needed to address the root causes of depreciation while mitigating its adverse effects," he said. Explaining it further, he said, that if the rupee depreciates by 2 per cent and the currencies of key competitors decline by 3-5 per cent, Indian exporters lose competitiveness in global markets. "This relative disadvantage erodes any potential price advantage Indian goods might gain," Kumar added. The domestic currency has depreciated over 4 per cent last year. The rupee closed at 86.22 .

India's forex reserves dropped by USD 1.88 billion to USD 623.983 billion in the week ended January 17, the RBI said on Friday. Earlier, the overall kitty declined by USD 8.714 billion to USD 625.871 billion in the week ended January 10, the Reserve Bank of India said. The reserves have been on a declining trend for the last few weeks, and the drop has been attributed to revaluation along with forex market interventions by RBI to help reduce volatilities in the rupee. The forex reserves had increased to an all-time high of USD 704.885 billion in end-September. For the week ended January 17, foreign currency assets, a major component of the reserves, decreased by USD 2.878 billion to USD 533.133 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves increased by USD 1.063 million to USD 68.

The dollar/rupee forward premiums, meanwhile, extended declines this week, as the Reserve Bank of India conducted buy/sell swaps alongside its spot intervention

The index compiled by S&P Global fell to 57.9 in January from December's final reading of 59.2

Composite job creation reached an all-time high since the survey's inception in December 2005.

The RBI makes an annual payout to the government from the surplus income it earns on investments and valuation changes on its dollar holdings

Real estate consultancy Anarock noted that a depreciating Indian rupee lowers property prices for investors converting stronger currencies like the US dollar or British Pound

Chief Minister A Revanth Reddy-led "TelanganaRising" delegation signed as many as 20 MoUs for investments and expansions worth nearly Rs 1.79 lakh crore on the sidelines of the World Economic Forum summit at Davos, Switzerland, with the majority of them for setting up data centres, followed by pumped storage facilities in the state. A press release from the Chief Minister's Office said the investments are expected to create nearly 50,000 jobs. The biggest individual investments breakup broadly includes Amazon AWS - Rs 60,000 crore data centre, Sun Petrochemicals - Rs 45,500 crore, Tillman Global Holdings - Rs 15,000 crore, Megha Engineering - Rs 15,000 crore, among others, it said. "The TelanganaRising delegation, led by CM Reddy concluded its highly successful Davos trip on Thursday with a total investment of Rs 1,78,950 crore (INR One Lakh Seventy Eight Thousand Nine Hundred Fifty crore), which will create 49,550 jobs," the release said. Software majors such as Infosys (17,000 ..

Maharashtra Chief Minister Devendra Fadnavis on Thursday said 61 MoUs have been signed during his visit to the World Economic Forum in Davos entailing investment of Rs 15.70 lakh crore and having the potential to provide 16 lakh jobs in the state. The annual five-day meeting of the WEF is underway in Davos, Switzerland from January 20. CM Fadnavis is attending the meeting with a state delegation. Interacting with reporters via Zoom link from Davos, he said seven of these MoUs were strategic partnerships for knowledge in mobility and education and not investment. All the MoUs have 98 percent FDI component in the field of infrastructure, green energy, electronics, IT, steel, defence, textiles ,solar, biotechnology, pharma, among others, the CM added. Memorandums of Understanding worth Rs 6 lakh crore pertain to Mumbai Metropolitan Region (MMR) and Pune, Rs 5 lakh pertains to Vidarbha, Rs 30,000 crore to north Maharashtra, and Rs 20-25000 is for Marathwada, which is emerging as a ...

The Chhattisgarh government received investment proposals worth Rs 6,000 crore in sectors such as plastic, textile, information technology, and food processing at an investor connect meet here on Thursday. The highest amount of investment proposal of Rs 2,367 crore came from Ambuja Cement, the state government said in a statement. At the meet, Chhattisgarh Chief Minister Vishnu Deo Sai also held discussions with US Consul General Mike Hankey and Consul General of Russia Ivan Y Fetisov on investment possibilities in the state in sectors like health, education, IT and tourism. "In the second leg of the investment meet in Mumbai, Chhattisgarh has attracted Rs 6,000 crore investment through various industrial proposals by leading companies focusing on plastic, textile, IT, food processing sectors," it said. According to the chief minister, since the launch of the state's new industrial policy, Chhattisgarh has received proposals worth Rs 1 lakh crore through these meets, organized in .

''We are aligned with the mission of Viksit Bharat...,'' she said

Growing geo-economic fragmentation can decrease global GDP by up to USD 5.7 trillion, giving it a bigger blow than the financial crisis of 2008 or the COVID-19 pandemic, a new study showed on Thursday. India and some other emerging economies can bear the biggest burden in the most extreme fragmentation scenario, it cautioned. Countries are increasingly using the global financial and trading systems to advance geopolitical objectives through sanctions, industrial policies, and other economic measures, the World Economic Forum said while releasing the report here during its Annual Meeting 2025. The Navigating Global Financial System Fragmentation report estimated that fragmentation resulting from statecraft policies could cost the global economy USD 0.6 trillion to USD 5.7 trillion up to 5 per cent of global GDP due to reduced trade and cross-border capital flows as well as lost economic efficiencies. It could also increase global inflation by more than 5 per cent in a very high ..

The liquidity deficit stood at Rs 2.87 trillion on Wednesday, according to the latest data from the RBI

India will comfortably maintain a 6-8 per cent economic growth rate while keeping inflation under check in the years to come, senior Union Minister Ashwini Vaishnaw said on Thursday. Speaking at a session during the World Economic Forum Annual Meeting here, the minister said inclusive growth remains a key pillar of the country's economic blueprint, alongside continued focus on manufacturing, services and simplification of laws. Inclusive growth has been a key reason for Prime Minister Narendra Modi coming back for a third term as he ensured that the benefits of the economic growth reached every section of society, the minister for railways, information and broadcasting, and electronics and information technology said. Vaishnaw said the talent available in India is unmatched across sectors and the world today trusts India because of its policies. Companies are shifting their factories and value chains to India, he added. Speaking at the same session, industrialist Sanjiv Bajaj said

Retail inflation for farm and rural workers eased to 5.01 per cent and 5.05 per cent in December from 5.35 per cent and 5.47 per cent, respectively, in November 2024. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) remained unchanged for December 2024 at 1,320 and 1,331 points, respectively, a labour ministry statement said. According to the statement, the CPI-AL and CPI-RL were 1320 points and 1331 points, respectively, in November 2024. The year-on-year inflation rates based on CPI-AL and CPI-RL for December 2024 were recorded at 5.01 per cent and 5.05 per cent, respectively, compared to 7.71 per cent and 7.46 per cent in December 2023, it added. The corresponding figures for November 2024 were 5.35 per cent for CPI-AL and 5.47 per cent for CPI-RL.

Attributing the fall in Indian rupee solely to the US dollar getting stronger, former Reserve Bank governor Raghuram Rajan has said any intervention by the RBI on this can end up harming Indian exports even as he urged policymakers to focus on creating more jobs and boosting household consumption. Asked what the second term of US President Donald Trump means for the global and Indian economy, Rajan said, "I think it means uncertainty. President Trump during his campaign laid out a bunch of policies and measures that he wants to implement.". "We are seeing some of them being implemented. We have to see how intensely, for example the policy on immigration and trade and tariff proposals against whom and against which sectors are implemented. As of now what and how all this will pan out," the eminent economist said. On appreciation in the US dollar and its impact on other currencies especially in emerging markets including rupee, Rajan said the dollar has been appreciating against other

The socio-economic implications of scrapping the old tax regime for India's real estate sector - currently valued at $493 billion and contributing 7.3 per cent to GDP - deserve careful scrutiny

While Vaishnaw did not give details of which products the govt would be open to reducing duties on, he said all discussions will happen taking into account the holistic needs of both the countries

India's digital economy is expected to grow almost twice as fast as the overall economy, contributing to nearly one-fifth of national income by 2030, according to a MeitY report

Economists said that the government had largely anticipated the policy action on tariffs in November when the election results came out