Klips for 29th June

rupee
Rupee breaches 69 to dollar Source: Mint

Rupee breaches 69, at all time low

  • Settles at 68.79 after reaching low of 69.09
  • Has depreciated 7% this year and is worst performing Asian currency
  • Fund flows out of India, monetary tightening in US, are primary reasons for fall

Pvt plane crashes in Mumbai, 5 killed

  • Plane crashes into construction site near Ghatkopar
  • Belonged to UY Aviation, originally bought by UP govt
  • Interestingly, plane had crashed previously in Allahabad and has had history of incidents

Trump-Putin summit in Helsinki on 16th July

  • Summit one day after WC finals (15th July)

Amazon buys PillPack for ~$1bn, gets into online pharmacy


Opinion: 2+2 Dialogue – The deepening discontent

https://www.thehindu.com/opinion/lead/the-deepening-disconnect/article24281893.ece

Opinion: Listening In: Govt monitoring social media chatter

https://www.thehindu.com/opinion/op-ed/listening-in/article24281817.ece

Interesting: Money parked by Indians in Swiss banks rose over 50% to ₹7000 crore in 2017

https://www.bloombergquint.com/business/2018/06/28/indian-money-in-swiss-banks-rises-50-reversing-three-year-decline

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