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 advanced by another 11 paise to 63.67 against the dollar in early trade on Wednesday on increased selling…
The rupee edged up 5 paise to trade at 63.82 against the US dollar in early session at the interbank…
The rupee weakened by 3 paise to 64.07 against the US dollar in opening trade on Wednesday on some demand…
The rupee weakened by 12 paise to 63.61 against the US dollar in opening trade at the interbank foreign exchange…
The rupee strengthened by 11 paise to 63.55 against the dollar in opening tradeon Friday on fresh selling of the…
