Tag: Indian Rupee

India stocks lower; Sensex drops for 9th day to end at 37,090 while Nifty ends below 11,150

Sensex plunges over 550 points amid global sell-off

Mumbai: Sustained weakness in global markets due to the US Fed rate hike along with profit booking after seven straight sessions of gains sent the Sensex plunging over 550 points on Friday. At 2.19 p.m., the S&P BSE traded 555.57 points or 1.52 per cent lower at 35,876.10 after touching[Read More…]

Mamata Banerjee can be face of anti-BJP coalition after Lok Sabha polls: Yashwant Sinha

Indian rupee has slipped into coma: Yashwant Sinha

Ahmedabad: Former Finance Minister and former BJP leader Yashwant Sinha said here on Tuesday that the economic turmoil in the country had sent the Indian rupee into a coma. Speaking on the Rashtra Manch platform, formed early this year, Sinha said: “Narendra Modi, when he was the Gujarat Chief Minister,[Read More…]

Sensex down 150 points, rupee at 73

Rupee touches new all time low at 73.77/$

Mumbai: The Indian rupee plunged to a fresh record low of 73.77 to a US dollar on Thursday morning. It stood at 73.77 (73.7688) to a dollar — the lowest ever mark — it has touched against the greenback. It opened the day’s trade at the Inter-Bank Foreign Exchange Market[Read More…]

What is Masala Bond?

What is Masala Bond? How can it help the falling rupee?

In a meeting chaired by Prime Minister Narendra Modi on Friday, Finance Minister Arun Jaitley said that the government has decided to cut non-essential imports and increase exports amid a widening current account deficit (CAD), sliding rupee and soaring crude oil prices. Addressing the media after attending a meeting to[Read More…]

Sensex down 150 points, rupee at 73

Despite falling rupee, India in exceptional period of stability: Finance Ministry official

As the Indian rupee plunged to a fresh record low of 70.60 to a US dollar on Wednesday, a top government official said there is no need to be alarmed as despite the short-term volatility, the country is going through “an exceptional period of stability”. The official said if one takes the long-term view, the rupee is not depreciating[Read More…]

Sensex down 150 points, rupee at 73

Indian Rupee records low, closes near 70 a dollar

Broadly negative global cues along with weakness in the Indian Rupee and caution ahead of the release of macro-economic inflation data point subdued the key Indian equity indices on Monday. The Rupee touched an all-time low of 69.80 per US dollar on Monday following weakness in global peers. At 3.30[Read More…]

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