US dollar vs Chinese renminbi: Why dollar supremacy will endure for a while - The Economic Times

2022-09-12 02:49:32 By : Mr. Rice Guo

Saurav Jha is a commentator on energy and security, and author of Negotiating the New Normal: How India Must Grow In a Pandemic-Ridden World

The capital market regulator is taking a close look at how private equity houses (PE) and venture capital funds (VCF) value the startups and unicorns they bankroll.

The government is working on a plan to revive stalled gas-fired plants and will provide them with a separate high-price market to sell electricity, power and new and renewable energy minister RK Singh said.

The Reserve Bank of India is estimated to have sold about $13 billion in the spot market in August to defend the rupee from falling further against the US dollar, top dealers told ET, citing the depletion in the country’s forex reserves.

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