[ad_1] Rupee Globally fell to a new high of $78.38 on Wednesday recession Concerns resurfaced, prompting investors to sell emerging market securities afresh after only two days US Federal Reserve Reduced the likelihood of a clear – and immediate – economic downturn in the largest economy on the planet. reserve Bank of India Traders told […]
Weak rupee burdened by heavy foreign debt
[ad_1] The global economic crisis has begun to take a toll on the Indian industry’s balance sheet, owing to the depreciating rupee. While a weaker rupee may bring cheer to export-oriented sectors such as IT and textiles, it has increased foreign exchange liabilities of Indian companies. The accounting rules, called AS-11 provisions, make it mandatory […]
Rupee Today: Rupee hits all-time low, breaks 78/$1 level for the first time
[ad_1] New Delhi: The rupee has come down to the lowest level ever against the rupee. U.S. Dollar A higher-than-expected inflation reading in the world’s largest economy on Monday fueled speculation of an aggressive rate hike by the Federal Reserve, prompting global strength in the greenback. The partially convertible rupee weakened from the 78/$1 mark […]
The possibility of weakening of the rupee due to the strengthening of the dollar, risk aversion in the markets; USDINR pair to trade in this range
[ad_1] Indian Rupee There is a possibility of depreciation on Thursday amid strengthening dollar, risk aversion in domestic, global markets. “The rupee is likely to open the day near the sticky levels of 77.60 and another narrow day is expected between 77.45 to 77.80,” experts said. The rupee had recovered from its record low against […]
Rupee may weaken on higher crude oil prices, risk aversion in markets; USDINR pair will trade in this range
[ad_1] Indian Rupee Amid higher crude oil prices, a firmer US dollar and risk aversion in domestic markets, further downside is likely on Wednesday. Today the focus will be on manufacturing PMI numbers from US, Euro zone and UK. Better-than-expected economic data could boost gains for the dollar, according to experts. In the previous session, […]
Extension of Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit for exporters
[ad_1] RBI circular no. RBI/2021-22/180 DOR.STR.REC.93/04.02.001/2021-22 continue on 8th March 2022 Expands interest equalization scheme for rupee export credit before and after shipment From 1st October, 2021 and 31. will endscheduled tribe March 2024 or till next review, whichever is earlier. The Interest Equalization Scheme for providing Rupee Export Credit before and after shipment to […]