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 weakened 14 paise to trade at 63.74 against the US dollar in morning session on Thursday at the…
The rupee recovered by 5 paise to 63.66 against the dollar in early trade on Wednesday on mild selling of…
The Reserve Bank of India on Tuesday fixed the reference rate of the rupee at 63.4690 against the US dollar…
The rupee recouped by 6 paise to 63.45 against the US dollar in early trade On Tuesday on fresh selling…
The rupee strengthened by 11 paise to trade at 63.26 against the US dollar in opening session on Monday on…
