Higher gold taxes could backfire again
When governments want consumers to buy less of something, they usually reach for taxes.
When governments want consumers to buy less of something, they usually reach for taxes.
For decades, India has treated the rupee less as an economic instrument and more as a symbol of national prestige.
According to the forex experts, high crude oil prices, and a stronger US dollar have created a volatile situation of the domestic currency amid the ongoing geopolitical tensions.
Dalal Street slipped into sharp losses as geopolitical tensions escalated, pushing oil prices higher and triggering fears around inflation, currency pressure and India’s rising import burden.
At close, the Sensex was down 533.50 points or 0.63% at 84,679.86, and the Nifty was down 167.20 points or 0.64% at 25,860.10.
The rupee depreciated further by 4 paise to hit its four-month low of 65.21 against the US dollar in opening…
The rupee depreciated by 9 paise against the US dollar to 65.03 against in opening trade on Monday as the…
The rupee depreciated 3 paise to 64.96 against the US dollar in early trade on Friday at the forex market…
The rupee depreciated 9 paise to 64.92 against the US dollar in opening trade on Thursday on fresh demand for…
Amid mixed global cues, the rupee opened 2 paise higher at 64.87 against the US dollar on Wednesday at the…
