Stay Connected. Stay Informed.
A currency trader is pictured through the symbol for the Indian Rupee on the floor of a trading firm in Mumbai. File photo | Photo Credit: REUTERS Rupee depreciated 11 paise to 83.93 against the US dollar in early trade on Thursday (October 3, 2024) due to rising crude oil prices and negative sentiment in…
Read More “Rupee plunges 11 paise against US dollar in early trade” »
Finance Minister Nirmala Sitharaman. File | Photo Credit: PTI Amid the sustained slump in India’s exports, the Goods and Services Tax (GST) Council has cleared a few measures to boost foreign trade, including enabling tax credits for services exporters receiving payments in rupees, critical for trade with countries like Iran and Russia that face global…
Read More “GST Council lifts tax blockages for rupee trade ” »
A money lender counts Indian rupee currency notes at his shop in Ahmedabad. File | Photo Credit: REUTERS The rupee depreciated 3 paise to settle at 83.23 (provisional) against the U.S. dollar on Wednesday, as a muted trend in domestic equities and sustained foreign fund outflows weighed on investor sentiments. Forex traders said the strength…
Read More “Rupee falls 3 paise to close at 83.23 against U.S. dollar” »
The rupee continued its downward movement for the second straight day and fell by 8 paise to 83.21 against the US dollar in early trade on Tuesday, September 26, 2023 amid massive selling by foreign equity investors and a firm American currency. Subdued equity market sentiment and elevated level of crude oil prices ¬ hovering…
