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 recovered by 17 paise to 64.87 against the dollar in early trade on Friday on mild selling of…
The rupee weakened by 30 paise to trade at a three-month low of 65.06 against the US dollar in opening…
Extending its losses for the third session, the rupee weakened by 8 paise to trade at fresh 3-month low of…
The rupee depreciated 31 paise to 64.52 against the US dollar in opening trade at the interbank forex market on…
The rupee firmed 6 paise at 63.85 against the dollar in opening trade on Friday, maintaining its upward trend for…
