The rupee was quoting at 82.20 to the dollar at 11:32 a.m. IST compared with 82.3375 in the previous session. The local currency reached a high of 82.10.
By Nimesh Vora MUMBAI (Reuters) - The difference between the USD/INR onshore and the non-deliverable forward rates has narrowed on the back of the Indian rupee's rally to its highest in seven weeks.
The reassuring part of recent stock market history is that it's rare for it to stay down for 2 yrs in a row. Though one must remember that past is no guide to future performance.
During colonial rule, the British maintained an overvalued rupee, which essentially served London’s interests but had detrimental effects on the Indian economy.
RBI's monetary policy committee may become more data-dependant in deciding on the key interest rate with inflation expected to start easing, minutes of the latest meeting suggested.
Economic consequences of multiple, random elements of disorder have been disorienting. The cycle of events could even end the Chinese super-growth story, which could benefit India.
Sources said that RBI is intervening in all foreign-exchange markets including the offshore markets and will continue to do so to protect the rupee which slid to a record low Monday.
The Russia-Ukraine crisis has led to a rush towards safe haven assets such as gold and the US dollar. Investors are selling riskier assets such as Indian equities.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Dubai airshow crash & pilot death have rekindled concerns over pilot safety, and need for smarter automated systems that can step in when G-forces, temporary loss of consciousness hit the pilot.
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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