Search Results for: depreciating rupee

Foreign investors turned net buyers in July, net investment Rs 4,989 crore

Foreign investors turned net buyers in July nearly after 10 months, with an investment of around Rs 4,989 crore in the Indian equity markets. This comes after heavy sell-off by these entities of around Rs 50,203 crore in June.

Jul 30, 2022

Yellow metal: 'India's gold demand for 2022 to be over 800 tonne'

India's demand for gold will be between 800-850 tonne in 2022, said a top official of World Gold Council-India.

Jul 28, 2022

Surat man started business two years ago at age 83, today turnover is in crores

Nanaji, an 85-year-old, has become a millionaire at retirement age in Surat. Within two years of starting a business at a very old age, Nanaji has achieved tremendous success.

Jul 26, 2022

Apple ships 1.2mn iPhones in India in Q2, logs 94% growth; 1mn were made in India [details]

Apple's enhanced and diversified iPhone production capabilities in India, along with aggressive retail initiatives, continue to contribute to its strong growth momentum in India.

Jul 25, 2022

Indian Rupee depreciates further: 1 US dollar equals 80 rupees

As predicted earlier, the Indian rupee on Tuesday crossed Rs 80 for a US dollar. The fall in rupee's value is owing to multiple factors like Russia-Ukraine war, outflow of foreign institutional investors and others, said experts.

Jul 19, 2022

Govt tables WMD Bill in RS today, what's it about

On the first day of the Monsoon Session of Parliament on Monday, the Centre is likely to table 'The Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Amendment Bill, 2022' in the Rajya Sabha (RS).

Jul 18, 2022

Rupee to slip on expensive crude oil, FII funds' outflow

Here's how the weakening Rupee will affect Indian consumers

A lower rupee will increase the cost of importing products because payments for those goods must be paid in dollars.

Jul 16, 2022

Indian rupee at Rs 79.36 against USD, gold touches Rs 54K

Indian rupee weakens against dollar; falls below Rs 79.65 [details]

The rupee movement against the dollar will be triggered by the inflation numbers of the US which are expected to be out later on Wednesday.

Jul 13, 2022

India's external debt of $620.7 billion not a cause to worry, say experts

Of $620.7 billion, $490 billion is non-government and the share of government is only $130.8 billion, said experts.

Jul 13, 2022

1 Euro equals 1 US dollar for the first time in 20 years

The euro and the dollar have reached parity for the first time in 20 years, signalling the market's assumption that the European economy is heading for a deep recession as a result of Russia's invasion of Ukraine, Euro News reported.

Jul 12, 2022

RBI to allow Rupee payment for exports, imports; Announces new framework

The RBI said prior approval is a must and the measure promotes growth of global trade with emphasis on exports from India

Jul 12, 2022

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FPIs selling decreased; pull out only ₹4,418 crore from Indian market in July [details]

FPIs withdrew a sizable sum totalling Rs 1,10,628 crore from the Indian market during the April to June 2022 quarter.

Jul 10, 2022

Foreign Exchange: RBI relaxes regulations to boost forex inflows

The Reserve Bank of India (RBI) on Wednesday announced a series of measures to boost foreign exchange inflows.

Jul 6, 2022

Indian rupee hits a low of Rs 79.36 against USD, gold touches Rs 54K

The Indian rupee on Tuesday hit a low of Rs 79.36 against the US dollar and experts expect further depreciation.