The Hindu Editorial (Currency capers) – Aug 26, 2019

Editorial Words

5 years ago

The Hindu Editorial (Currency capers) – Aug 26, 2019

The rupee is back in the news following a sharp depreciation in its value versus the dollar in the last one month after a prolonged period of relative stability. For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (Currency capers)- Aug 26, 2019.

To read this article, click here.

This preview is provided here with permission.

Courtesy: The Hindu

Today’s word list-2 for The Hindu Editorial (Currency capers) – Aug 26, 2019:

caper (verb/noun) – dance, jump, skip/leap.
depreciation (noun) – devaluation, decrease in value, reduction.
prolonged (adjective) – continuous, persistent, unending.
relative (adjective) – considerable, some, reasonable.
nudge (verb) – encourage, prompt, stimulate/coax.
retract (verb) – take back, withdraw, reverse.
have something to do with (phrase) – relate to, pertain to, have a bearing on.
woe (noun) – trouble, difficulty, problem.
devaluation (noun) – the reduction in the formal/official value of a currency with regard to other currencies.
trade war/spat (noun) – a condition in which a country increase tariffs on foreign goods and impose quota restrictions to restrict other countries’ trade.
wage (verb) – engage in, carry on, conduct, pursue.
currency manipulator (noun) – the countries which weaken their currencies to lift exports. They’ve included China, which held down the value of its currency in the past to speed its economic development.
depress (verb) – slow down, reduce, devalue.
bond yield (noun) – bond yield is the annualized percentage return that an investor will obtain from buying a bond. In general, the yield of a bond is inversely proportional to its price. This means that as the yield increases, the price decreases (and vice versa).
recession (noun) – economic decline, downturn, slowdown.
jitters (noun) – nervousness, uneasiness, anxiety.
sell-out (noun) – the complete sale of all securities such as stocks, bonds, ETFs, commodities or currencies (in the equity market).
equity market (noun) – stock market, share market, a stock exchange. It is where traders buy and sell shares of companies on a public exchange.
foreign portfolio investor (noun) – Investors investing in financial assets, such as shares, government bonds, corporate bonds, convertible securities, infrastructure securities etc in a foreign country.
capital outflow (noun) – money/assets flowing out of (or leaving) a particular country’s economy.
alarm (verb) – frighten, distress, upset.
current account deficit (CAD) (noun) – the amount by which money relating to trade, investment etc going out of a country is more than the amount coming in.
foreign exchange reserve or forex (noun) – Foreign exchange. Forex (exchange) reserves are the amounts of assets /money in foreign currencies that a country has in its central bank (in India, it is Reserve bank of India).
over-value (verb) – overstate, overemphasize, overestimate.
rely upon (phrasal verb) – depend on, bank on, count on.
depressing (adjective) – upsetting, distressing, discouraging; causing a damaging reduction in economic activity.
perk up (verb) – brighten, revive, cheer up.
bounce back (verb) – recover, revive, rebound.
depreciate (verb) – decrease, decline, drop/lose value.
outlier (noun) – a person/thing which is detached from the main system.