It says, "Indian rupee is likely to remain under pressure in the near-term. This is due to two inter-related factors-FPI outflows and dollar strength"
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Over 1.5 years after RBI's withdrawal announcement, 98 per cent of Rs 2,000 notes are returned, with Rs 6,977 crore still in circulation
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The escalation of geopolitical tensions in West Asia contributed to the recent spike in crude oil prices. While the situation remains fluid at present, a further step up in tensions could impact various sectors of the Indian economy
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Govt reasons that this will ease exports and imports
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