Tag: Currency
17 Results
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India, Maldives ink currency swap accord
India and the Maldives signed four agreements during Solih's visit last year.
July 23, 2019 -
Facebook building its cryptocurrency in Switzerland: Report
As per a report, the Facebook cyrptocurrency would be tied to the US dollar and could, therefore, remain stable unlike Bitcoin which has crashed.
May 19, 2019 -
Equity indices open in red, Sensex down 170 points
All the sectoral indices on the BSE traded in the red except the IT and Teck stocks.
January 14, 2019 -
Currency, commodity and commerce
Here are a few queries of a layman after feeling the heat of ground-level “market economics”. The same market which is euphemistically referred to by (expert) economists thus: “let market determine such and such”. Can the real, practising economists kindly clarify a few concerns? The first relate to Vice-Chairman Niti Aayog’s recent views as reported …
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November 12, 2018 -
Chinese President admits ‘uncertainty’ in Country’s economy
Xi held the meeting amid signs that the world's second-largest economy is losing steam as it faces a trade war with the United States, a massive debt buildup and a weakening currency.
November 1, 2018 -
Weak dollar helps rupee gain 12 paise in early trade
The rupee strengthened by 12 paise to 67.21 against the dollar in early trade today on fresh selling of the US currency by exporters and banks amid higher opening in the domestic equity market.
May 14, 2018 -
US adds India to currency watch list with China
The US Treasury added India to its watch list of countries with potentially questionable foreign exchange policies, joining China and four others, according to a report issued on Friday.
April 14, 2018 -
Rupee rebounds 11 paise in opening trade
The rupee strengthened by 11 paise to 63.55 against the dollar in opening tradeon Friday on fresh selling of the US currency by exporters and banks. Forex dealers said a weak dollar in overseas markets on fears that a huge amount of foreign demand for American currency would dry up bolstered the rupee. On Thursday, the …
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January 12, 2018 -
Chinese yuan weakens against US dollar
The central parity rate of the Chinese currency, the renminbi or the yuan, weakened 239 basis points to 6.5207 against the US dollar on Wednesday, the lowest point in about two weeks. The softer rate came after drops in the offshore yuan against the dollar on Tuesday following rumours that the country’s central bank had …
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January 10, 2018 -
Rupee recovers 5 paise against US dollar
The rupee recovered by 5 paise to 63.66 against the dollar in early trade on Wednesday on mild selling of the US currency by exporters amid a higher opening in domestic equity markets. Currency traders said weakness in the dollar against major global currencies overseas supported the rupee. On Tuesday, the rupee had dropped sharply …
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January 10, 2018 -
Rupee marginally up, trades at 64.02
The rupee edged up 3 paise to 64.02 against the dollar on Tuesday as the US currency lost some muscle overseas. Exporters and banks stayed away from the American currency as capital inflows jumped. The dollar’s lustre dimmed against other currencies globally, which supported the local unit. In the opening session, the domestic unit was …
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December 26, 2017 -
Rupee moves up 10 paise against dollar
The rupee rose 10 paise to 64.01 against the dollar on Thursday as the US Congress gave its final seal of approval to a sweeping tax legislation. Dubbed as the biggest overhaul of the US tax code in 30 years, the Bill slashes taxes for corporates as well as the middle class. A positive start …
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December 21, 2017 -
Rupee logs a fresh 3-mth high at 64 against dollar
The rupee firmed up 4 paise to 64 against the dollar on Wednesday, taking cues from a higher opening in the domestic stock market. The US currency lost muscle even as the Republican tax cut package moved closer to becoming a law. In the opening session, the domestic unit went up 4 paise to 64 …
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December 20, 2017 -
Rupee spurts 7 paise against dollar after BJP wins polls
The rupee on Tuesday climbed a bit to 64.17 against the dollar as the dust settled on the political landscape in Gujarat and Himachal Pradesh and the BJP gets ready to form the next government in both states. The BJP returns to power for the sixth straight term in Gujarat and unseats the Congress in …
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December 19, 2017 -
Rupee loses 16 paise against dollar on negative macro numbers
The rupee took a hit of 16 paise at 64.56 against the US dollar, unable to digest a negative set of macroeconomic data. According to data released, industrial growth in October hit a 3-month low of 2.2 per cent while retail inflation in November rose to a 15-month high of 4.88 per cent. A lower …
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December 13, 2017 -
Rupee weakens 10 paise against dollar
The rupee depreciated 10 paise to 64.51 against the US dollar in early trade on Wednesday at the interbank foreign exchange due to appreciation of the American currency overseas. Dealers also attributed the rupee’s fall to increased month-end demand for the US currency from importers. Domestic equity market opening with gains, however, capped the rupee …
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November 29, 2017 -
Rupee goes up 5 paise against dollar to 65.06
The rupee firmed up 5 paise to 65.06 against the dollar on Tuesday, set off by fresh selling of the US currency by exporters and banks. The local unit received some good support from higher domestic equities. But a strong dollar overseas kept the rupee in check. On Monday, the rupee had retreated from its …
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November 21, 2017