Govt watchful, mindful of impact of declining rupee on imports: Sitharaman

The government is watchful and mindful of the impact of falling rupee on the country’s imports, finance minister Nirmala Sitharaman said, while asserting that Indian currency has performed relatively better than others against dollar. Depreciation of rupee makes India’s imports costlier, while on the other hand exports become attractive. … Read more

This Is Not a Volatile Market, It’s a Declining Market

“You don’t bring me anything but down.” That Sheryl Crow lyric was running through my head this morning, as stock futures and Treasury prices both resumed their decline after yesterday afternoon’s typical post-Fed “relief rally.” That’s what you must watch out for now. If you are reading this column you are smart enough not to … Read more

Prices of wheat, sugar, rice declining after govt measures: Food Secy

Retail prices of wheat, rice, sugar and edible oils are showing a declining trend after the measures taken by the government, including curbs on exports of wheat and sugar, Food Secretary Sudhanshu Pandey said on Thursday. Amid rising inflation, the government, on May 13, banned exports of wheat. Thereafter, … Read more

Weak stocks and declining DeFi use continue to weigh on Ethereum price By Cointelegraph

Weak stocks and declining DeFi use continue to weigh on Ethereum price Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts since May 13 according to data from … Read more

Omicron’s latest subvariant BA.2.12.1 proves virus not declining: Report

Omicron’s latest subvariant BA.2.12.1, responsible for about one-fourth of Covid-19 cases in the US, shows that the virus is not showing any signs of decline even over two years after it was first detected in humans. BA.2.12.1 has also been detected in Australia and New Zealand. … Read more