Search Results for: currency

RBI monetary policy decision hurts Indian currency; rupee hits new low of 74 against USD

Just after the RBI announced its decision, post 2.30 p.m., the rupee plunged to over 74 a US dollar -- the lowest ever mark -- it has touched against the greenback.

Oct 5, 2018

Commerce Minister Suresh Prabhu to chair inter-ministerial meet on rupee, trade deficit

The meeting will deliberate upon ways to address India's trade deficit in goods and pressure on the rupee, the official added. Representatives from the department of economic affairs, coal ministry, steel ministry, oil ministry and department of pharmaceuticals are expected to attend the meeting.

Oct 3, 2018

With Indian rupee plumbing depths, 25 million expatriates to script new remittance record

The lion's share of remittances to India come from the United Arab Emirates, the United States, Saudi Arabia, Kuwait, the United Kingdom, Qatar, Oman and Canada -- in that order.

Oct 3, 2018

Army fires at Pakistan civilian chopper carrying 'PoK PM' after it enters Indian territory

According to Indian authorities the white-coloured helicopter flew for a minute over the Karmara area in the Sarla battalion sector, around 8 km from Poonch town.

Oct 1, 2018

Facing cash-crunch, Pakistan government auctions eight buffaloes kept by ex-PM Sharif

Pakistan is staring at acute financial crisis with its currency falling by over 20% in the last seven months owing to balance of payment crisis. The last fiscal year ended with current account deficit of $18 billion, which is 5.7% of the GDP. The budget deficit has crossed Rs 2 lakh crore.

Sep 28, 2018

With an eye on faltering rupee, RBI to raise rates next week

The predicted rate hike would be the RBI's third this year, having lifted borrowing costs in June and August. The US Federal Reserve is forecast to raise rates this week - its third this year - according to a separate Reuters poll.

Sep 26, 2018

Wary finance ministry nudges RBI to tackle worsening credit crunch

Investors have been unnerved by credit concerns that have engulfed one of the biggest NBFC names in India - Infrastructure Leasing & Financial Services (IL&FS).

Sep 26, 2018

Bitcoin scam: ED attaches Rs 42.88 crore worth properties owned by Amit Bhardwaj

Bhardwaj started a company in Singapore — Ms Variabletech Pvt Ltd — in 2015, and launched a ponzi scheme for Bitcoin trading, according to the ED investigation.

Sep 22, 2018

Fitch upgrades India's growth forecast for FY19 to 7.8%

An upswing in manufacturing activity and revival of private investment, supported by strong consumer demand, accelerated India's GDP growth rate in the first quarter of 2018-19 to 8.2 per cent, official data showed last month.

Sep 22, 2018

US Dollar, currencies, Euro, Yuan, Yen, Asian shares

Asian business confidence at worst level in 3 years as 'upturn in world economy ends'

'We have witnessed a cyclical upturn in the world economy that had to come to an end. We see the end of the cycle in advanced economies as well as emerging markets.'

Sep 19, 2018

Union Budget 2017, Union Budget 2017 entertainment sector

Paint industry witnesses 15% growth in sales despite decline in Indian rupee

The industry is betting big on growth in housing and automobile sectors for paint demand to pick up, both in the decorative and industrial segment.

Sep 19, 2018

Indian rupee has lost 11% value against US dollar in last one year, says IMF spokesperson

Gerry Rice said the IMF continues to assess the impact of demonetization on an ongoing basis. As with most things, there have been pluses and there have been minuses of demonetization, he said.

Sep 18, 2018

Confident of meeting fiscal deficit target, says Arun Jaitley

Jaitley's message comes a day after he outlined a slew of measures aimed at stemming a decline in the rupee - the worst-performing Asian currency this year.

Sep 16, 2018

Finance ministry swings into action; announces measures to CAD and rupee depreciation

Despite strong GDP growth, the rupee has weakened about 11 per cent this year amid higher oil prices and an emerging markets sell-off.

Sep 15, 2018

Finance Minister Arun Jaitley outlines measures to stem fall in rupee

The moves follow sharp declines in the rupee, the worst-performing Asian currency this year. Despite strong GDP growth, the rupee has weakened about 11 percent this year amid higher oil prices and an emerging markets sell-off.