|
|
|
19.04.26 - 09:12
|
Pilot training gets dearer on costlier jet fuel, weaker rupee (Times of India)
|
|
|
Aspiring pilots face a steeper climb as jet fuel prices surge and the rupee weakens, pushing Commercial Pilot Licence (CPL) costs in India to Rs 60-70 lakh. Training abroad now incurs 15-16% higher expenses. This financial strain, coupled with long waits for flying hours and jobs, makes the dream of flying increasingly challenging for many....
|
|
|
|
|
|
|
|
|
17.04.26 - 12:02
|
Rupee hits one-week high as RBI moves to stem in fall (Times of India)
|
|
|
The Indian rupee surged to a one-week high Friday, boosted by Reserve Bank of India's strategic moves to curb dollar demand from state-run oil refiners. By urging them to use a special credit line, the central bank aims to stabilize the currency against global pressures....
|
|
|
|
|
|
|
|
|
17.04.26 - 05:04
|
India′s Central Bank Tells Oil Refiners To Stop Buying Dollars On Spot Market (ZeroHedge)
|
|
|
India's Central Bank Tells Oil Refiners To Stop Buying Dollars On Spot Market
By Julianne Geiger of OilPrice.com
India's central bank has told state-run oil refiners to stop buying dollars in the spot market and instead use a government-backed credit line.
That matters because oil is priced in dollars, and refiners are some of the biggest buyers of dollars in the country. When they all go into the market at once to pay for crude, it puts direct pressure on the rupee. That pressure has been building for weeks.
The Reserve Bank of India is now stepping in to manage the demand.
State refiners, including Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation, have been asked to draw dollars through a special credit facility routed via State Bank of India. Together, these companies account for about half of India's 5.2 million barrels per day of refining capacity.
Instead of going into the open market to buy dollars on the spot—meaning immediate purchase at c...
|
|
|
|
|
|
|
|
|
|
|
16.04.26 - 10:30
|
Bullish narrative around India′s economy at odds with struggling rupee (SCMP)
|
|
|
At first glance, the rupee is staging a recovery. India's battered currency has gained around 1.5 per cent since March 27, making it the best-performing currency in Asia, according to Bloomberg data.
However, the recent bounce belies vulnerabilities in India's economy that have been exacerbated by the energy shock emanating from the war in Iran. India is one of the most exposed among Asia's leading economies, importing 90 per cent of its oil and more than half its liquefied petroleum gas.......
|
|
|
|
|
|
|
|
|
|
|
13.04.26 - 11:06
|
Why India′s Weak Rupee Is About More Than the Iran War (Bloomberg)
|
|
|
A country whose economy is growing faster than those of its peers would typically see its currency strengthen. India has been expanding more quickly than most other Asian economies, including manufacturing powerhouse China, yet the rupee has fallen in value every year since 2018....
|
|
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
