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Finance

Rupee likely to depreciate amid strong dollar, unabated foreign funds outflows; USDINR to trade in this range

The rupee is expected to depreciate today amid strong dollar and unabated foreign funds outflows. However, sharp downside may be prevented on expectations of another interest rate hike by RBI. US$INR futures is likely to trade in the range of 77.75 to 77.90 Delhi(India)- The Indian Rupee is expected to depreciate further, and may even fall below […]
Finance

What caused Sri Lanka’s economic collapse?

Colombo (Sri Lanka) – The South Asian nation of Sri Lanka is experiencing an unprecedented economic collapse that has pushed the government into a deep crisis. The island is struggling to import basic necessities for its 22 million people because of diminishing foreign reserves and crippling debt, spurring weeks of antigovernmental protests that recently turned […]