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 by another 16 paise to 64.18 against the dollar in early session at the interbank foreign exchange…
The rupee weakened by 9 paise to 63.67 against the US dollar in opening trade at the interbank foreign exchange…
The rupee depreciated by 8 paise to 63.68 against the US dollar in early trade on Wednesday on month-end dollar…
The rupee weakened by 9 paise to trade at 63.67 against the US dollar in opening session at the interbank…
The rupee gained 22 paise to 63.47 against the US dollar in the early session on Thursday on increased selling…
