Search Results for: depreciating rupee

Stock market tanks for the first time after 8th consecutive rise

The domestic benchmark BSE Sensex and NSE nifty-fifty slumped on Friday, owing to the global uncertainty after a sustained rise of 8 days. The BSE is trading below the 63,000 mark and Nifty-fifty is also operating in red at 18,704 points.

Dec 2, 2022

Indian stock market soars to record high despite global headwinds

Sensex recorded a fresh high of 63,583 points and Nifty-fifty of NSE also rose to a record-breaking high of 18,874 points on Thursday

Dec 1, 2022

RBI's pilot project on digital rupee to be launched on Dec 1; see cities, banks part of launch

The first phase will begin with four banks namely State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country.

Nov 29, 2022

Indian Entrepreneurs 2023-24 budget wish: A ration shop for raw materials [Details]

A ration or fair price shop for raw materials; bringing Small Industries Development Bank of India (SIDBI) under the Ministry of Micro, Small and Medium Enterprises (MSME); abolition of capital gains tax on properties sold by micro entrepreneurs; are some of the Union Budget 2023-24 wish list of the Association of Indian Entrepreneurs (AIE).

Nov 28, 2022

Budget 2023-24: Finance Minister to begin pre-budget consultations from today

Finance Minister Nirmala Sitharaman will hold consultations with the industry captains and experts on infrastructure

Nov 21, 2022

india, moody, lobbied, economy, modi, budget 2017

Moody's lowers India's growth forecast to 4.8% in 2023

Rating agency Moody's cut 2022 gross domestic product (GDP) projections for India to 7 per cent and projected 2023 at 4.8 per cent.

Nov 12, 2022

US drops Indian currency from Monitoring List; Here's why

US said India had met the criterion for removal from the list that monitors whether countries manipulate the rate of exchange between their currency and the US dollar

Nov 12, 2022

What is eRs; RBI's digital rupee explained [see how it works]

The Reserve Bank of India (RBI) had, last week, announced that it will commence a pilot project of digital rupee (eRs) for specific use cases in the wholesale segment from November 1.

Nov 6, 2022

Reserve Bank of India to launch digital rupee pilot project today

The Reserve Bank of India (RBI) will today launch the nation's first digital rupee pilot project for the wholesale segment.

Nov 1, 2022

From Shehnaaz Gill to boxer Vijendra Singh : Meet star cast of Salman Khan starrer "Kisi Ka Bhai Kisi Ki Jaan"

"Kisi Ka Bhai Kisi Ki Jaan" is said to be a remake of the Tamil film Veeram. The film is slated to release on Eid 2023.

Oct 30, 2022

Indian currency update: Rupee touches 82.72 against dollar before closing at 82.63

Indian rupee on Friday closed at 82.63 after touching a high of 82.72 against the US dollar.

Oct 28, 2022

Nirmala Sitharaman says Rupee is NOT sliding but Dollar is strengthening; Deserves Ph.D, says Congress

Taking a jibe at Nirmala Sitharaman over her statement that Indian currency is not sliding but the dollar is strengthening, the Congress said that the Finance Minister qualifies for a PhD in Economics.

Oct 17, 2022

"Liar, thief, chor"; PAK FM heckled at US airport; his aide rains profanities & threats [Watch]

This is not the first time that a member of Pakistan's ruling party has been given a hostile reception abroad.

Oct 14, 2022

Rupee's downfall peaks to 82.20 today

Rupee slips down against dollar on oil price increase, crossing the expected barrier of 82 per US dollar on Friday

Oct 7, 2022

JPMorgan refuses to include India in widely-followed bond index; here's why

JPMorgan's decision to not include the bonds was due to investor concerns about India's market infrastructure, according to a person familiar with the matter.

Oct 6, 2022

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