MUMBAI: The rupee ended at a new closing low of 84.86 against the US dollar down nearly seven paise from its previous close of 84.79. The rupee had hit a new low of 84.88 in intraday trade on Thursday but had recovered on Friday following a recovery in the equity markets.Monday’s weakening was largely on…
MUMBAI: The rupee fell to a record low of 84.73 against the dollar on Monday, weakening 0.2% for its worst single-day decline since June 4. It touched an intraday low of 84.73 before closing at 84.70 – 14 paise weaker than Friday’s close. This was driven by strong dollar demand in the non-deliverable forward (NDF)…
NEW DELHI: Indian rupee on Thursday closed near to a record low against the US dollar, which was recorded at at 84.0750 per dollar, nearly unchanged from its Wednesday close of 84.0775. Due to a public holiday, the Indian currency market will be closed on Friday.The rupee briefly touched an all-time low of 84.0950 on…
Stock market today: Indian stock markets ended a five-day losing streak on Monday as upbeat quarterly results from ICICI Bank and other lenders powered gains in banking stocks, despite ongoing foreign selling and lackluster corporate earnings. The BSE Sensex climbed 0.76 per cent or 602.75 points to close at 80,005.04, while the Nifty50 rose 0.65…
NEW DELHI: The US Federal Reserve reduced interest rates by 50 basis points on Wednesday, marking the first cut in over four years. In its statement, the Federal Open Market Committee (FOMC) said, “In light of progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal…
On July 2, 1918, towards the end of WW-1, a British ship named ‘SS Shirala‘ sank in the English Channel. Its ‘killer’ was the dreaded German submarine UB-57, commanded by Oberleutnant Johannes Lohs who destroyed dozens of enemy ships with a combined capacity of over 1.5 lakh tonnes before he died aged 29. The Shirala…
Paying in rupees in Thailand soon? Imagine the possibility of using Indian rupees to tip at a beachside bar in Pattaya or a luxurious spa in Bangkok. This scenario could become a reality if India successfully negotiates a currency agreement with Thailand. The Indian government and the Reserve Bank of India (RBI) are exploring the…
