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RUPEE DEPRECIATION AND EXTERNAL PRESSURES Why in the News? Sharp depreciation: The Indian rupee slid 44 paise to ₹90.78 per US dollar, hovering close to its record low levels. Sustained weakness: The fall marked the third consecutive session of decline, signalling persistent pressure on the domestic currency. IMMEDIATE MARKET DEVELOPMENTS Dollar demand surge: Strong demand …
Read MoreWhy in the news? India’s goods exports increased by 9% year over year in May, reaching $38.13 billion. Growth driven by electronics, petroleum, and engineering goods, with demand from Europe and the US. Services exports rose 11% to $30.16 billion. source:toi About Trade Deficit: Trade Deficit Definition: It happens when a nation’s imports exceed its …
Read MoreSyllabus: GS-III Infrastructure: Energy, Ports, Roads, Airports, Railways etc. Conservation, Environmental Pollution and Degradation, Environmental Impact Assessment. Why in the news? India’s coal imports scrutinised amid electricity shortages, highlighting logistical challenges and misconceptions regarding alternative sourcing. Source:wordpress Highlights of the logistical challenges of Coal: India faces electricity shortages due to unpredictable weather patterns and a …
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