Indian Economy  

The rupee fell 9 paise against the US dollar in early trade on Wednesday morning. The Indian rupee on Tuesday had closed at 70.94 against the US dollar.

On October 15 while Delivering a lecture at the prestigious Columbia University's School of International and Public Affairs, Finance Minister Nirmala Sitharaman said that the Indian public sector banks had the "worst phase" under the combination of former Prime Minister Manmohan Singh and RBI Governor Raghuram Rajan. Dr. Manmohan Singh responded to this comment of Sithraman and said that this government should stop blaming the opponents and focus on solving the issue. “This government has now been in office for five years. It should have learnt from our mistakes and provided a credible solution for the economy. Watch The Video For More Updates.

Finance minister Nirmala Sitharaman in in Washington attending the annual meeting of the International Monetary Fund (IMF) and the World Bank. She said that although the IMF has projected a reduced growth rate for India, the economy of the country continues to be among the fastest in the world. 

Prime Minister Narendra Modi gave a befitting reply to the opposition over comments on economic slowdown. PM Modi stated that the government was committed to making India a $ 5 trillion economy. 

The Indian rupee fell 4 paise at 71.20 per US dollar in early trade. The rupee closed at 71.16 on October 17.
 

The World Bank has said that India has reduced its poverty rate by half since 1990 and has achieved a growth rate of over seven percent in the last 15 years. Prior to the meeting with the International Monetary Fund, the World Bank underlined India's role in global development. It said that India has played an effective role in reducing extreme poverty and has made strong improvements in human development. Watch The Video For More Details.

The Indian rupee rose by 5 paise to 71.38 against the US dollar in early trade. The Indian rupee on Wednesday had closed at 71.43 against the US dollar.
 

The Indian rupee fell 17 paise against the US dollar in early trade. The Indian rupee on Tuesday had closed at 71.54 against the US dollar.

Sensex reached over 150 points amid sustained fund inflow. The Nifty also rose to 11,479. Top gainers in the Sensex pack included Bajaj Finance, Yes Bank, HDFC Bank, RIL, Tata Motors, Bajaj Auto, Tata Steel and ONGC, rising up to 3 per cent.

Indian American Abhijit Banerjee won the 2019 Nobel Economic Prize alongside his wife Esther Duflow and Harvard’s Michael Kermer. Banerjee was asked about the Indian economy to which he replied that it was doing badly. However, BJP Rajya Sabha MP Rajeev Chandrasekhar took to Twitter to point out reality that the poor have been oppressed for 70 years and are only now seeing the light of day.

Rupee rose by 27 paise to 70.80 against the US dollar in early trade. Rupee had settled at 71.07 against the US dollar on Thursday.

To help the farmers' agriculture ministry of India has proposed a 7% hike in MSP that is the Minimum Support Price of Rabi crops. The ministry has recommended increasing the price of various Rabi crops. Watch the video to know how will hike in MSP benefit the farmers and the Indian Economy.

Why the President of the World Economic Forum thinks that the stage is set for India to realize its vision of becoming a $5-trillion economy in the next half-decade.Watch the video to know what Borge Brende, also a member of the forum's Managing Board, in an opinion piece for Prime Minister Narendra Modi’s website said about PM Modi's Dream of 5 Trillion Dollar Economy.

The Indian rupee opened lower by 28 paise to 71.35 against the US dollar in early trade. Forex traders said weak opening in domestic equities and rising demand for the US dollar vis-a-vis other currencies overseas also weighed on the domestic currency.

The Indian rupee fell 7 paise to 70.63 against the US dollar in early trade on Monday. The Indian rupee on Friday had closed at 70.56 against the US dollar.