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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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Worried about crashing stock markets? Stop it now! Here is how

Worried about crashing stock markets? Stop it now! Here is how

Tue, Sep 18, 2018

The rupee touched its all-time low of 72.92 against the US dollar, losing almost 10% in the last one month.

Rupee, bonds rise drawing comfort from stable global markets

Rupee, bonds rise drawing comfort from stable global markets

Tue, Sep 18, 2018

The rupee was trading at 72.40 to the dollar, compared with Monday`s close of 72.51, while the 10-year benchmark bond yield fell to 8.07 percent from 8.10 percent at previous close, eyeing the currency market.

'Real' depreciation of Indian rupee at six to seven per cent, says IMF

'Real' depreciation of Indian rupee at six to seven per cent, says IMF

Tue, Sep 18, 2018

The real effective depreciation of the Indian rupee this year as compared to December 2017 is between six and seven per cent, according to the IMF which warned that it would jack up the prices of imported goods such as oil and petroleum products, potentially putting an upward pressure on inflation.

Rupee crisis: This is what Arun Jaitley blames it all on

Rupee crisis: This is what Arun Jaitley blames it all on

Tue, Sep 18, 2018

Finance Minister Arun Jaitley Monday blamed the depreciation of rupee to a combination of global factors, including trade war and internal policy decisions of the United States.

Sensex sheds over 500 points; 5 power points that explain the debacle

Sensex sheds over 500 points; 5 power points that explain the debacle

Mon, Sep 17, 2018

Sensex index slipped by massive 505.13 points or 1.33% at 37,585.51.

Rupee expected to test 75 levels in medium term

Rupee expected to test 75 levels in medium term

Mon, Sep 17, 2018

India has seen its current account deficit (CAD) widen to 2.4% in the April-June quarter from 1.9%. in the previous quarter. Economists expect the CAD to widen to 2.7-2.8% this year on the back of an increase in import of electronic goods and rising oil prices.

Indian rupee impact on property prices: NRIs rush to buy realty in Mumbai, Delhi

Indian rupee impact on property prices: NRIs rush to buy realty in Mumbai, Delhi

Mon, Sep 17, 2018

“NRIs there are coming together as consortia and opting to buy properties in bulk, in deals worth Rs 100-150 crore. They are not buying individual flats but entire wings and even buildings. This way, they can immediately start putting them up for rent,” Shroff said.

Govt unveils steps to check CAD, Prime Minister Narendra Modi reviews health of economy

Govt unveils steps to check CAD, Prime Minister Narendra Modi reviews health of economy

Sat, Sep 15, 2018

Briefing media after the meeting, Finance Minister Arun Jaitley said the government has decided on "five steps" to contain CAD, which widened to 2.4 per cent of the GDP in the first quarter of 2018-19. He said several issues were discussed during the meeting and decision on those are likely in the next few days.

Can allow rupee to depreciate, see no inflation constraints, says Sanjeev Sanyal

Can allow rupee to depreciate, see no inflation constraints, says Sanjeev Sanyal

Fri, Sep 14, 2018

On the factors affecting the rupee's value against dollar as well as reacting to all the talk of expectations of a RBI key rate hike in the upcoming meet, he said, "Don't need rate hike to control Rupee fall; no such thing as fair value of rupee. Competitors have allowed their currency to depreciate amid Trade War."

India shifts to discount; gold buying tapers off elsewhere as prices gain

India shifts to discount; gold buying tapers off elsewhere as prices gain

Fri, Sep 14, 2018

In India, the world`s second-biggest consumer of the metal after China, gold was being sold at a discount of up to $2 an ounce over official domestic prices this week, compared with a premium of $1 last week. The domestic price includes a 10 percent import tax.

Surprise! Rupee strengthens again today, rises to 71.68 against US dollar in opening trade

Surprise! Rupee strengthens again today, rises to 71.68 against US dollar in opening trade

Fri, Sep 14, 2018

Earlier on Wednesday, the domestic unit ended the session on a positive note at 72.19 per US dollar, from its record low of 72.91 it touched during the day’s trade. The rupee had ended at 72.69 on Tuesday. The forex market was closed yesterday on account of Ganesh Chaturthi.

Guess what! New villain is in town, RBI may hike key rate by 50 bps despite inflation cooling

Guess what! New villain is in town, RBI may hike key rate by 50 bps despite inflation cooling

Thu, Sep 13, 2018

CPI inflation came in at 3.69% during the month of August 2018 lower compared to 4.17% of the previous month, but that is not likely to comfort the RBI.

Rupee impact on travellers: You will have to pay 8-10% more

Rupee impact on travellers: You will have to pay 8-10% more

Thu, Sep 13, 2018

The sinking rupee is taking the wind out of the Indian traveller’s sails. With the local currency poised to hit the 73 per dollar mark, outbound tourists are set to see 8-10% increase in their travelling budget, according to experts.

Forget rupee fall, check out these 5 currencies instead; your fears will abate

Forget rupee fall, check out these 5 currencies instead; your fears will abate

Wed, Sep 12, 2018

Today, the Indian rupee ended at 72.205 down by 0.350 points or 0.48% against US dollar.

This Amul Rupee teaser turns Twitter rage even as currency hits all-time low of 73; Must see image

This Amul Rupee teaser turns Twitter rage even as currency hits all-time low of 73; Must see image

Wed, Sep 12, 2018

While Amul teaser became a rage on Twitter, Indian rupee created history today by plunging to all-time low mark of 73!

Your rupee is worth even less today, may hit 73 mark; no relief for common man

Your rupee is worth even less today, may hit 73 mark; no relief for common man

Wed, Sep 12, 2018

The rupee today depreciated to a lifetime low of 72.91 against the dollar at the interbank foreign exchange market, quoting 22 paise lower against the American currency in morning trade amid surging crude oil prices and unabated foreign fund outflows.

Investors flee as Rupee inches towards 73 per dollar

Investors flee as Rupee inches towards 73 per dollar

Tue, Sep 11, 2018

Reserve Bank of India (RBI) is dipping into its foreign exchange reserves to defend the rupee, which has fallen 13.8% during the calendar year.

Rupee at new low, clocks 73-mark; Here’s how states are going to benefit from free fall

Rupee at new low, clocks 73-mark; Here’s how states are going to benefit from free fall

Tue, Sep 11, 2018

Interestingly, it is being known that states are expected to gain with the free fall in Indian rupee coupled with rising petrol and diesel prices.

Indian Rupee recovers 15 paise after hitting record low, traded 72.30 against US$

Indian Rupee recovers 15 paise after hitting record low, traded 72.30 against US$

Tue, Sep 11, 2018

The rupee traded over 72.30 against the US dollar around 11.35 am at the Inter-Bank Foreign Exchange Market.

Sensex drops 467 points, gives up 38k mark; 6 power points

Sensex drops 467 points, gives up 38k mark; 6 power points

Mon, Sep 10, 2018

Sensex saw its worst nightmare come true as it plunged by a whopping 467.65 points or 1.22% to 37,922.17-mark.

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