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| What you should know about the rupee's slide and what it means for the economy The Indian rupee hit a fresh 15-month low against the dollar on May 08. Despite the Reserve Bank of India (RBI) reportedly stepping in to stem the slide, the Indian currency hit a low of 67.17 to the dollar in early trade today, weakening from 67.13 yesterday. These levels were last seen when the ...
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| Nigeria-China Currency-Swap deal: Experts express divergent views Financial experts in Lagos on Monday expressed divergent views on the Nigeria-China currency swap deal announced last week. They argued that the deal could address shortage of dollars for import purposes, but are worried that if the volume of exports by Nigeria does not increase, the deal would ...
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