Search Results for: rupee depreciation

Economy: Bank of Baroda to raise Rs 1,000 cr via infrastructure & affordable housing bonds

Bank of Baroda, the second largest state-owned bank, is planning to raise Rs 1,000 crore through issuance of infrastructure and affordable housing bonds on August 12, a source close to the development told IANS.

Aug 6, 2022

Economy: Benchmark bond yield rises 9 basis bps after RBI hikes repo rate

The yield on benchmark government bond yields rose sharply by 9 basis points in the morning trade after the Reserve Bank of India (RBI) announced an increase of the repo rate by 50 basis points.

Aug 5, 2022

Shaktikanta Das, Governor, Reserve Bank of India

Ecomony: RBI ups policy rate to 5.40% to contain inflation

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the rise of policy rate or repo rate by 50 basis points (bps) to 5.4 per cent.

Aug 5, 2022

Stock markets: Domestic indices end flat, Sensex closes above 58,000

Domestic benchmark indices ended flat on Tuesday after rising for four consecutive sessions due to multiple negative global cues.

Aug 2, 2022

Pakistan again on the path of a political crisis; here's how [details]

Pakistan is heading towards an unavoidable political crisis after the thumping victory of Imran Khan's Pakistan Tehreek-e-Insaf (PTI) in the recently held by-election in Punjab province. Out of the total 20 provincial seats, PTI won 15 seats in the home turf of Pakistan Muslim League (PML-N), which could secure only four seats.

Jul 31, 2022

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

Facebook revenue drops for 1st time in its history; poor growth ahead [details]

Facebook has reported loss in revenue in the June quarter for the first time since going public in 2007, predicting that growth in the third quarter could fall even more.

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.