India's current account deficit reaches 9-year high: RBI report
The CAD was $18.2 billion, or 2.2% of GDP, in the preceding April-June quarter, while the deficit was $9.7 billion, or 1.3% of GDP, in the same quarter a year earlier.
Dec 29, 2022, 19:46 PM IST
Rupee rises 7 paise to end at 82.80 against US dollar
It finally settled at 82.80, registering a rise of 7 paise over its previous close of 82.87.
Dec 28, 2022, 21:56 PM IST
Will govt remove image of Mahatma Gandhi from Indian Currency notes? Finance Ministry says THIS on Indian Rupee
Congress member Anto Antony had asked whether the government has received any request/representation to include more images (including the images of Goddess Lakshmi and Lord Ganesha) in Indian currency notes.
Dec 13, 2022, 08:42 AM IST
THIS Re 1 COIN can get you Rs 10 CRORE; Do you have it?
You only need to make sure the aforementioned currency note satisfies specific requirements for that.
Dec 05, 2022, 17:07 PM IST
Rupee gains 30 paise to close at 81.63 against US dollar
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.19 percent to 105.87.
Nov 24, 2022, 16:21 PM IST
Seven countries including Pakistan at high risk of currency crises
The Japanese bank said that 22 of the 32 countries covered by its in-house "Damocles" warning system have seen their risk rise since its last update in May, with the largest increases in the Czech Republic and Brazil, Geo News reported.
Nov 24, 2022, 10:34 AM IST
RBI allows HDFC, Canara banks to open Vostro account with Russia; Know what it is
Vostro account is held by a bank for a foreign bank and engages in all transactions and correspondent banking on behalf of it in the location. RBI permission helps these banks to trade in rupees with Russian banks.
Nov 23, 2022, 13:46 PM IST
Rupee gains 45 paise to close at 81.90 against US dollar
The local unit finally settled at 81.90, registering a rise of 45 paise over its previous close amid a positive trend in domestic equities. On Friday, the rupee had appreciated by 53 paise to close at 82.35.
Nov 07, 2022, 17:34 PM IST
US Fed Reserve hikes interest rates by 75 basis points, Indian markets and rupee to be hit
US Fed`s rate hike actions have a direct bearing on Indian markets and the rupee, as higher interest rates in the US take the sheen off Indian equities, weaning away foreign investors, say market analysts.
Nov 03, 2022, 08:27 AM IST
'If he goes to Pakistan, he can say he's Pakistani': Congress leader MOCKS Kejriwal over solution for falling rupee
Arvind Kejriwal had suggested that to include images of Goddess Lakshmi and Lord Ganesh on Indian currency notes to boost the country's economy.
Oct 26, 2022, 15:32 PM IST
Rupee vs Dollar: Rupee rises 35 paise to 81.58 against US dollar
In initial trade, the rupee also touched 81.75 against the American currency. On Wednesday, the rupee plunged below the 82-mark for the first time in intraday trade before settling 40 paise down at 81.93 against the dollar.
Sep 29, 2022, 11:24 AM IST
Rupee rises 37 paise to 81.30 against US dollar
At the interbank foreign exchange, the domestic unit opened at 81.45 against the dollar, then touched 81.30, registering a gain of 37 paise over its previous close.
Sep 27, 2022, 10:19 AM IST
Rupee falls 43 paise to all-time low of 81.52 against US dollar
Moreover, escalation of geopolitical risks due to conflict in Ukraine, a negative trend in domestic equities and significant foreign fund outflows sapped the investor appetite, forex traders said.
Sep 26, 2022, 10:14 AM IST
Much of Rupee's weakness linked to strong US dollar index: SBI Research
On repo rate, the report said it should go up to 5.8- 6.0 per cent if the government targets a fiscal deficit of 4.5 per cent of GDP."
Sep 25, 2022, 12:25 PM IST
Rupee slips below 81-mark against US dollar for first time in early trade
Forex traders said escalation of geopolitical risk in Ukraine and rate hikes by the US Fed and Bank of England in a bid to contain inflation sapped risk appetite.
Sep 23, 2022, 11:27 AM IST
From 4 to 80: A look back at journey of Rupee since India's Independence
Keeping other aspects of the economy aside, let us have a glance at how the Indian currency rupee fared against other global benchmark peers since 1947. The value of a country`s currency is a key indicator for gauging its economic pathway.
Aug 15, 2022, 09:37 AM IST
Rupee vs Dollar: Rupee falls 27 paise to 78.80 against USD in early trade
Experts said foreign portfolio investor (FPI) flows have turned around in domestic equities and Crude oil prices have also been steady. This has reduced pressure on the rupee.
Aug 03, 2022, 10:18 AM IST
ED recovers Rs 11 lakh from Sanjay Raut, Rs 50 crore from Arpita Mukherjee: Know how much cash and gold you can keep at home without fearing income tax raids
The official raids conducted the by the agencies have ignited a lot of curiosity among people as to how much cash and gold one can keep in their houses/lockers.
Aug 02, 2022, 11:55 AM IST
3 out of 4 Indians concerned on affordability of essential household needs due to Massive depreciation of Rupee
The Indian rupee last week crossed its all-time low exchange rate of 80 against the US dollar. This means that the dollar to rupee rate has moved from 1:38 in July 2007 to beyond 1:80 in July 2022 in relative economic terms, said a LocalCircles study.
Jul 25, 2022, 09:05 AM IST
'You buy an umbrella to use when it rains': RBI Governor on using forex reserves
Das said in recognition of the fact that there is a genuine shortfall of supply of forex in the market relative to demand because of import and debt servicing requirements and portfolio outflows, the RBI has been supplying US dollars to the market to ensure that there is adequate forex liquidity.
Jul 22, 2022, 16:06 PM IST
