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Business Press Trust of India Jul 03, 2018 16:22:16 IST
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New Delhi: The Indian rupee is expected to remain in the 68-72 range against the US dollar in the short term on rising external risks but the Reserve Bank may intervene to control the volatility, says an UBS report.

New Delhi:

According to the global financial services major, if external stress continues to rise and/or the US dollar strengthens, policymakers could consider raising American currency deposits as a last resort to stabilise the rupee.

However, towards year-end, "even as we believe there is depreciation pressure on the INR, it should be more than offset by a weak USD," the report by Tanvee Gupta Jain (Economist) and Rohit Arora (Strategist), UBS Securities India, said.

The UBS forex team expects a weaker USD despite US fiscal impulse and higher yields and retains its forecasts of USD/INR at 66 by end of this fiscal and 66.5 by end of the financial year 2019-20.

Representational image. PTI.

The tightening in global financial conditions and dollar strength has resulted in the rupee being amongst the worst-performing currencies against the US currency compared with peers and it has hit an all-time low recently.

Moreover, a slowdown in capital flows with FII (equity and debt) registering an outflow of $9 billion in the June 2018 quarter and tightening in domestic financial conditions will also impact the rupee, the report noted.

"We believe India is not immune, and if global financial conditions remain tight and/or global risk aversion rises from here, it will bear the brunt in the form of an adverse impact on growth and financial stability," the report said.

The rupee (USD/INR) has depreciated by 8 percent so far this year, making it one of the worst-performing currencies against the US dollar amongst its peers.

Considering the huge outflows seen in FII flows, UBS believes India remains vulnerable in its external position.

The rupee had breached the lifetime low and crossed the Rs 69 to a dollar level last week. However, it has gained in the last few trading sessions and opened at 68.96 on Tuesday.

Updated Date: Jul 03, 2018 16:22 PM

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You think you've found the perfect Master's Degree or Doctoral Program, but, now you need to nail the interview! One key element that could separate your grad school interview from the pack: preparation. Specifically, preparing for the types of grad school interview questions that might be asked. You may not be able to access their exact list, but you can still pinpoint the types of things they’re likely to ask you about, or practice with interview prep questions. By thinking about these in advance, you could ensure that you have solid answers at the ready. This may help you appear—and feel—more poised and confident as a result.

Here are top 10 grad school interview questions commonly asked

We’ve also included a few examples and tips for how to answer interview questions. Review these, then start creating answers of your own.

Why do you want to go here, instead of other schools?

Of all the potential grad school interview questions, this one might be the most common. It has a few key elements you could consider.

Think about each of these factors when putting together your response. That will help ensure that you’re both focused and sufficiently detailed. After all, answering thoroughly and thoughtfully could help to show your school how much you care, and how much effort you’ve put into your application. Staying focused on these points also means you’ll be less likely to go off on unrelated tangents. Instead, you could sound professional and concise.

Finally, make sure your answers are not only honest, but also constructive. Telling a school you want to attend only because they’re the cheapest option might be the truth, but it’s not a truth that’s likely to help your cause. Try and stick to answers that will show your dedication and enthusiasm, without going overboard and sucking up.

What are your research interests?

This question could especially be relevant if you’re applying to a more academic or research-focused graduate program, as opposed to one that looks toward a certain career. It’s important to have a detailed answer to this question. That should include a few key elements.

Of course, all of this could vary, depending on what you’re studying, and why you want to study it at that particular school. Feel free to edit those above points if you need to!

How will you contribute to our program?

When you’re applying to graduate school, what that school could do for you is an important factor. But the school is also looking for students who could bring something to the table! In many cases, some grad school interview questions will be dedicated to exactly that. Your answer could have to do with your diverse personal or academic background, unique skills, driven personality—whatever you see as your strongest asset. Now is your chance to sell yourself. Be honest, and show the school what a valuable addition you’d be to their community! (One caveat here: make sure you don’t brag. After all, you might be selling yourself, but the focus is on what you can do for the school, not so much on how great you are.)

What are your short-term and long-term career goals?

These kinds of graduate school interview questions could be especially crucial if you’re applying to a more career-oriented program—but it’s relevant either way. After all, academia doesn’t exist in a vacuum! You’re pursuing your degree for a reason. What is it? Here are a few tips on how to frame those goals for your interview.

What do you see as the major trends in your field of study?

This question is about evaluating your expertise. You might say you want to study venomous animals, but how fluent are you in that field? Before your interview, make sure you’re familiar with current or recent influential research, especially related to your own topic of study. Be able to speak on the content and findings, the implications of that research, and other relevant details. And don’t be afraid to share your own informed opinions on these topics!

Tell me about how you achieved a significant accomplishment.

These kinds of grad school interview questions aren’t asking you for modesty—though you do want to stay grounded! Try and focus on something directly related to your field of study, if you can. Then you could use this question to tell a story that demonstrates your competence. Not sure how to frame your accomplishment in a way that won’t sound like you’re bragging? Try talking about the obstacles you had to overcome to get to the finish line, how you overcame them, and what you learned from the experience.

List some of your strengths and weaknesses.

When listing your strengths and weaknesses, make sure you keep your goal in mind—acceptance to a specific program. Try and focus on strengths that apply to the work you’d be doing as a student there, or as a member of their broader school community. Make sure you illustrate these with concrete examples. As for weaknesses, be honest, but constructive. It might be tempting, but try and avoid the somewhat dishonest strategy of naming a supposed weakness that’s actually a strength. Instead, demonstrate self-awareness by naming a concrete weakness you’ve noticed in yourself, and elaborating on what you’re already doing to try and overcome it.

Tell me about your hobbies and interests.

The other grad school interview questions so far have all focused on your area of study and what you could bring to the program in question. Here’s an opportunity to show them who you are outside academia! You not only get to show that you’re a well-rounded, passionate student with diverse interests. You could also show another side of your personality, values, and forge a memorable personal connection with your interviewers. And if you can do all that while still connecting those interests to the school community, all the better.

Where else have you applied?

When preparing your answer for graduate school interview questions like this, think back to why you said you want to attend this program. What the interview is trying to understand here is where they fall in your school preference, and how dedicated you are to attending that particular program. So if you’ve applied elsewhere, be honest about it, but also try and explain why you’d prefer their school over the others. And if it’s the only school you’ve applied to, explain that decision to, so they understand why you’re so committed.

What questions do you have for me?

This is definitely a question you want to prepare for! The only way you could get it wrong would be if you don’t have any questions to ask. Try to prepare a few, just in case some are covered by your interviewer before you get a chance to ask. And try to be insightful, rather than asking basic questions you could have figured out on your own. You could ask about research opportunities, working with specific faculty, recent faculty or student publications, what career paths graduates have pursued… whatever it is that sparks your interest! This shows that you’re actively interested, perceptive and that you’ve done your reading.

This is a lengthy list of 10 grad school interview questions, but remember, it’s not exhaustive! Your interview experience may be unique, so be prepared to hear some unexpected questions, or ones not suggested here. If you need to improvise, don’t be afraid to take a few seconds to breathe and think your answer through. Be clear, concise, and polite in your answers, and you could make a solid impression. And maybe even increase your odds of acceptance !

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