Rupee Recovers 2% Against Dollar In 2 Days: 10 Things To Know
The rupee registered its strongest single-day gain in five years on Friday, amid a plunge in crude oil prices and a spike in equity markets. The rupee strengthened by 101 paise against the greenback to settle at 72.44 for the day, marking its strongest single-day gain since September 2013. Selling of dollars by exports along with weakness in the American More...
Five men who robbed currency exchange shops in Delhi arrested: Police
Nine days after two men who used to run a currency exchange shop in south Delhi’s Mahipalpur were shot at inside their shop, police on Thursday claimed to have arrested five men for the crime. Police said the More...
Rupee Firms Up By 14 Paise Against US Dollar: 5 Things To Know
Indian Rupee, US Dollar Rate: Rupee opened at 73.33 to quote 14 paise higher over its previous closing. The rupee recovered against the US dollar in early trade on Monday, reported news agency Press Trust of More...
China seen as firewall in emerging economies’ currency crisis
CHINA is the last bulwark against a deep crisis in emerging economies going fully global, analysts say, although a prolonged trade war could sap Beijing’s defences. Emerging countries – loosely defined More...
Honda feels currency heat
Calcutta: Honda Cars India Ltd (HCIL) may raise the prices of its vehicles for the second time this quarter if the rupee does not stabilise. The company revised prices in August by up to Rs 35,000 because of a More...
Emerging market currency crisis could lead to broader economic trouble
Having tumbled some 22 per cent from their January peaks, emerging equity markets are in territory commonly regarded as a bear market. Emerging market investors are trying to gauge whether a currency crisis More...
RBI net sells $6.184 bn of US currency in June
Reserve Bank of India continued to remain net seller of the US currency for the third consecutive month in June, after it sold $6.184 billion of the US dollar in the spot market, RBI data showed. During the reporting More...
After hitting new record low, Turkish lira pares some losses on central bank statements
Yasin Akgul | AFP | Getty Images People check currency exchange rates at a currency exchange office on August 11, 2018 in Istanbul. The Turkish lira retraced some losses after touching a new record low in Asia’s More...
Wars of the currency kind
Nations letting currency weaken can spur instability Recently, RBI Governor Urjit Patel warned that the global trade war could escalate into a currency war. Trade wars erupt when countries impose tit-for-tat tariffs More...
US Treasury To Review If China Manipulated Its Currency
US Treasury Secretary Steven Mnuchin listens to a question during an interview. SAO PAULO: The United States is monitoring the recent weakness in China’s yuan currency and will review whether the currency More...