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 gained another 14 paise to trade at a two-week high of 63.95 against the US dollar in opening…
The rupee strengthened by 19 paise to 64.13 against the US dollar in opening trade on Wednesday aided by stronger…
The rupee depreciated 10 paise to 64.38 against the US dollar in opening trade on Thursday due to increased demand…
The rupee strengthened by 20 paise to 64.04 against the dollar at the interbank forex market on Wednesday on fresh…
The rupee depreciated by 16 paise to 64.22 against the US dollar in early trade at the interbank forex market…
