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Watch: Our CEO Professor Sir Peter Donnelly's interview for @techUK President's Awards 2026. Following this, Genomics was named Business of the Year 2026 by @BBCRadio4 - listen and watch below, links in thread! #techUK #PresidentsAwards #Genomics #tech #BBC #TheBottomLine #Health
🎙️ The Bottom Line is back!
Join Baguma Richard for another insightful edition of The Bottom Line as he unpacks the issues shaping Uganda today.
🗓️ Wednesday, 22nd July
🕘 9:00 PM
Tune in on COU Family TV and be part of the conversation.
#TheBottomLine #COUFamilyTV #CurrentAffairs #Uganda

11yrs ago today at #Big12MediaDays in 2015 the late great @thatsean & @ChipBrown247 brought back #TheBottomline after a 5 year hiatus! #MediaDays aren't the same without Sean! #TBL #RIPSean


Here's a great opportunity to reflect on how things have evolved in the business world since 2006.
Just think about it. Twenty tumultuous years.
Programme linked in the reply, below.
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Tonight's topics:
🔹 UPDF plans to deploy in Gaza
🔹 Uganda's fight against corruption: The case for a local government shake-up
🔹 The FIFA World Cup semi-finals
Featuring expert analysis from:
• Ahimbisibwe Arthur
📺 Tune in live on COU Family TV.
#TheBottomLine #COUFamilyTV #CurrentAffairs #Uganda

#thebottomline
The Rupee that Couldn't Go Home
Oil Crashed. Bond Tax Died. The Rupee Closed Friday at 95.5. The Medicine Worked. The Patient Didn't.
Read the Numbers First
Brent below $71. A $55 drop from the war peak. The single largest driver of rupee weakness since February — gone.
The government then did something it had resisted for thirty years. Abolished capital gains tax on government bonds for foreign investors. Scrapped interest tax. Removed ownership caps. ₹32,630 crore of fresh FPI bond money arrived in four weeks.
The rupee was at ₹89 in January. Hit ₹96.6 on May 19. Closed Friday at ₹95.5. Not recovery. The floor became the ceiling.
The Wall the Medicine Didn't Reach
Three things survived the oil deal and the tax concession. None of them is going away on India's timeline.
- The RBI's forward book sits at $103 billion. Every dollar the RBI sold defending the rupee created a future obligation — a forward contract requiring it to buy those dollars back. The RBI was spotted selling near 94.75 last week. The rupee held for a day, then slid again. That is not intervention failing. That is a structural problem absorbing a cyclical tool and continuing regardless.
- The $3.5 billion in bond inflows is real. Against $103 billion in forward obligations unwinding on their own schedule, it doesn't move the needle.
- The carry trade hasn't closed either. A foreign investor buys a 10-year G-Sec at 7%, now tax-free. Sounds good. Then factor in 4% annual rupee depreciation — the structural PPP rate — and the dollar return drops to 3%. The US 10-year yields 4.48%. India's bond, even after the tax concession, offers negative carry in dollar terms.
The government fixed the price of entry. It didn't fix the return on the other side.
The Unknown
The carry problem has one solution India doesn't control: the Fed.
June US payroll data came in soft. Gains for previous months revised lower. Traders cut the probability of a September Fed hike to 53% from 75%. A weaker dollar lifted most Asian currencies, giving the rupee a session of breathing room.
That — a Fed that stops hiking — is the rupee's last remaining catalyst. Not the oil deal. Not the bond tax. Not RBI intervention.
The one thing that closes the carry gap, brings the real bond money, and gives the rupee structural support lives in Washington's FOMC room, not in North Block or Mint Street.
Cambridge Currencies forecasts 93-98 for the rest of 2026. That range is wider than the annual yield advantage India is offering.
You cannot build a serious bond position in a currency whose trading band exceeds your return.
The Uncomfortable Summary
The government gave foreign bond investors a deal better than what Indian taxpayers get on the same instrument.
Indian residents still pay 30% slab rate on bond interest. A Norwegian pension fund now pays zero. That bought $3.5 billion in four weeks.
It didn't buy recovery. Because recovery requires the carry to close. The carry closes when the Fed pauses. The Fed pauses when US inflation lets it.
India fixed what it could fix. The #rupee at 95.5 is the market's verdict on what's left unfixed — and who controls it.
-----------
THE BOTTOM LINE: Uganda has announced plans to evacuate its citizens from South Africa. What does this move mean for the affected Ugandans, and what lessons should be learned from the situation?
Join the conversation tonight on #TheBottomLine with @margaretnattabi "Ow'emukono" hosted by Dr. Rugarama Daniel.
Catch us live at 9PM🔥
#COUFamilyTV #CurrentAffairs

💰 #TheBottomLine with @marcuslemonis
It was nice of Marcus to color coordinate with @elizabethpipko! 👍



This Week on THE BOTTOM LINE
From politics to social issues and the latest developments making headlines, we bring you informed analysis and meaningful discussion.
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The headlines don't stop at the news, they start the conversation.
Join us today on The Bottom Line as we unpack the stories everyone is talking about and hear expert perspectives on the issues that matter most.
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The headlines don't stop at the news, they start the conversation.
Join us today on The Bottom Line as we unpack the stories everyone is talking about and hear expert perspectives on the issues that matter most.
📺 Only on COU Family TV.
#TheBottomLine #COUFamilyTV #NewsThatMatters

The headlines don't stop at the news, they start the conversation.
Join us today on The Bottom Line as we unpack the stories everyone is talking about and hear expert perspectives on the issues that matter most.
📺 Only on COU Family TV.
#TheBottomLine #COUFamilyTV #NewsThatMatters

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