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Indian Rupee

Indian rupee drops to record low, tracking Asian peers

Indian rupee drops to record low, tracking Asian peers

Fri, Nov 10, 2023

Rupee hits record low of Rs.83.42/$. Why was there a sudden decline in the rupee?

What Is E-Rupee and How is it Different From UPI? | Explained

What Is E-Rupee and How is it Different From UPI? | Explained

Fri, Sep 15, 2023

India's central bank digital currency (CBDC), e₹, is still in the pilot phase, but it has the potential to revolutionise the way we pay for goods and services. In this video, we explain what e₹ is, how it works, and who can use it. We also discuss the key differences between e₹ and UPI, and how e₹ can be used to make payments.

Rupee vs dollar in times of coronavirus: INR slips 32 paise to 75.21 amid scare

Rupee vs dollar in times of coronavirus: INR slips 32 paise to 75.21 amid scare

Mon, Mar 30, 2020

The rupee opened weak at 75.17 at the interbank forex market and then fell further to 75.21, down 32 paise over its last close. The rupee had settled at 74.89 against the US dollar on Friday.

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Diwali sales: Forget this hike by Modi govt, shoppers to flood markets

Diwali sales: Forget this hike by Modi govt, shoppers to flood markets

Mon, Oct 01, 2018

"An increase in prices of compressors will lead to a definite price hike for refrigerators and ACs which will impact the market sentiment. But, for the upcoming festive season, we will be absorbing maximum costs in order to keep the festive spirits going. We will relook at revising the prices post this festive season," Panasonic India President and CEO Manish Sharma told PTI.

Rupee ends at 1-week high of 72.48 against US dollar

Rupee ends at 1-week high of 72.48 against US dollar

Sat, Sep 29, 2018

Continuing its healthy recovery momentum for the third-straight day, the rupee today gained 11 paise to end at a one-week high of 72.48 against the US dollar on sustained selling of the American currency by exporters.

Indian rupee recovers 8 paise against US dollar to 72.61

Indian rupee recovers 8 paise against US dollar to 72.61

Wed, Sep 26, 2018

The rupee recovered by 8 paise to 72.61 against the dollar in early trade Wednesday on mild selling of the US currency by exporters amid easing crude oil prices.

When will rupee relief come? Ominous start today

When will rupee relief come? Ominous start today

Tue, Sep 25, 2018

Traders said besides sustained demand of the US currency from importers and dollar's strength against some currencies overseas ahead of US Federal Reserve's meet, a lower opening in the domestic equity markets too weighed on the domestic unit.

India stops spending cash? See what fuel prices made you do!

India stops spending cash? See what fuel prices made you do!

Tue, Sep 25, 2018

The dip in the discretionary spending of people may have resulted in the cash with the public remaining static, according to State Bank of India's report on the economy.

Unbelievable, but petrol price has rocketted past this mark in Mumbai

Unbelievable, but petrol price has rocketted past this mark in Mumbai

Mon, Sep 24, 2018

On Friday, Petrol price crossed the Rs 90-mark in Mumbai as a dip in the value of rupee and rise in international oil prices pushed rates across the country to new all-time high.

Curb on imports to bring rupee to 68-70 level: DEA Secy

Curb on imports to bring rupee to 68-70 level: DEA Secy

Mon, Sep 24, 2018

The government will "very soon" implement the second set of measures including curb on imports of non-essential items to shore up rupee to 68-70 level against the US dollar, Economic Affairs Secretary Subhash Chandra Garg said, terming the about 12 per cent slide in the currency as a temporary phenomenon.

Big setback for India over Moody's report today

Big setback for India over Moody's report today

Mon, Sep 24, 2018

At current levels, India's current-account deficit (CAD) is still much narrower than the near 5 per cent of GDP posted during the ?taper tantrum? period in 2013, when the currency depreciated by nearly 20 per cent between May and August.

Indian rupee starts on negative note, plunges 29 paise to 72.49 against US dollar

Indian rupee starts on negative note, plunges 29 paise to 72.49 against US dollar

Mon, Sep 24, 2018

The Indian rupee fell sharply by 29 paise to 72.49 against the dollar Monday as the greenback strengthened overseas.

RBI unlikely to hike repo rate in October despite weak rupee: Study

RBI unlikely to hike repo rate in October despite weak rupee: Study

Sat, Sep 22, 2018

The economists gave a 60 per cent probability for RBI staying on hold, they said, adding that "one cannot rule out" a hike on currency weakness and higher oil prices.

Indian rupee gains 53 paise, strengthens to 71.84 against US dollar

Indian rupee gains 53 paise, strengthens to 71.84 against US dollar

Fri, Sep 21, 2018

Continuing its uptrend, the rupee firmed by another 53 paise to trade at over a two-week high of 71.84 against the US dollar in early trade Friday at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks.

FinMin pegs dollar value at Rs 73.65 for computing import duty

FinMin pegs dollar value at Rs 73.65 for computing import duty

Fri, Sep 21, 2018

On Thursday, The Finance Ministry pegged the exchange rate for dollar at Rs 73.65 for calculation of import duty with effect from September 21, as against Rs 72.55 a fortnight ago.

India sets dollar exchange rate at 73.65 rupees for import tax calculation

India sets dollar exchange rate at 73.65 rupees for import tax calculation

Thu, Sep 20, 2018

Indian rupee is Asia's worst performing currency this year after depreciating around 12 percent, closed at 72.39 on Wednesday. It hit a record low of 72.99 on Tuesday.

India set to pay for Iranian oil using rupees from November: Sources

India set to pay for Iranian oil using rupees from November: Sources

Thu, Sep 20, 2018

India, Iran`s top oil client after China, is still seeking some exemptions to the sanctions from the U.S. though some refiners have already curtailed purchases because of insurance issues tied to the sanctions.

Investors in dollar-denominated assets likely to benefit from depreciating rupee against USD

Investors in dollar-denominated assets likely to benefit from depreciating rupee against USD

Thu, Sep 20, 2018

Generation of long-term returns and preservation of capital should be the primary objective of making an investment.

Indian Rupee near 73; Guess what! 14 stocks that will benefit from the weak currency, should you invest?

Indian Rupee near 73; Guess what! 14 stocks that will benefit from the weak currency, should you invest?

Wed, Sep 19, 2018

The government has tried its best in driving sentiments when it comes to trading in rupee, however, everyone is eyeing for RBI to intervene.

Indian rupee all set to hit shocking 73 mark against dollar

Indian rupee all set to hit shocking 73 mark against dollar

Wed, Sep 19, 2018

Both the Sensex and Nifty fell on Tuesday for the second day as crude prices rose and rupee fell.

As India battles rupee plunge, focus shifts to this problem

As India battles rupee plunge, focus shifts to this problem

Wed, Sep 19, 2018

The failure to stem the rupee`s slide using central bank intervention and other means over the past month has shifted investor focus to the need for interest rate hikes to do the job.

Rupee fall: Course correction needed to reverse overvalued currency

Rupee fall: Course correction needed to reverse overvalued currency

Wed, Sep 19, 2018

Instead of panicking, government needs to strengthen its macroeconomic fundamentals and boost exports through reforms, say experts

Good start for Indian rupee today, rebounds 28p, saves itself from hitting 73 mark

Good start for Indian rupee today, rebounds 28p, saves itself from hitting 73 mark

Wed, Sep 19, 2018

A higher opening in the equity market is also stated to have supported the recovery of Indian rupee. The domestic unit on Tuesday slid further by 47 paise to settle at a record low of 72.98 after scaling an all-time low of 72.99 (intra-day) against the US currency. This was reportedly in the wake of surging crude oil prices and escalating trade war worries.

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