Indian rupee has been free falling against the US Dollar for a while and yesterday it touched a new all time low of 55.39 rupees against the American dollar. Whilst there have been recent reports about how the Indian economy is pegged to grow at 7.5% in 2012, depreciation
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Did you know that Goa has the highest per capita income in India and on the other hand Uttar Pradesh has the lowest! Ok, if you are confused about what Per Capita income is – here is a short and simple answer. Per capita income is a unit to
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Where sentiment is beaten down and monies are at stake, negative news feeds on itself – be it stock market rumors or speculation on currency fluctuations. When rupee was quoting at 47 per dollar couple of months back, analysts had projected a target of 50 for the Indian currency.
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A combination of factors such as macroeconomic problems in euro zone, high trade deficit, slowing FII and FDI inflows, and renewed RBI policy of not interfering in the forex market, saw Rupee tumbling down to 2-year lows of Rs.48 per US dollar-mark in early trade today. You heard it
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The Minister of State for Finance Namo Narain Meena on Friday said that the government is going to introduce polymer bank notes on a trial basis. Introducing polymer bank notes, or in simple words, plastic bank notes had been on the Reserve Bank of India’s (RBI) agenda since 2009.
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Last year new rupee symbol had been launched – but it was very difficult for online users to use this symbol as there was no dedicated key which was given to the Rupee symbol as it is in case of the Dollar, Euro or the Pound. They had to
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[ This article has been written with inputs from Mr. Ashustosh Gupta & Surbhee Sirohi of Financial and Investment Research services firm Evalueserve ] The USD-INR exchange rate is an important indicator of investor sentiment and can significantly impact not only the fortunes of individual firms and sectors, but
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In a country where Cyber Laws count for nothing and licenses are a joke, there was yet another breach of license, this time by telecom giant Vodafone Essar. The company recently used a font, known as Webrupee [we had covered webrupee when they launched], which was recently developed by
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Inflation has kind of become a Yamraj (the god of death) – It is gaining in strength day by day and taking a toll of things. Obviously, you have heard of onions touching close to 60 rupees a kg and Garlic going upwards 300 rupees a Kilogram. Now, with
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Indian stock markets are soaring to new highs week after week leading to enhanced inflows into the country, and consequent appreciation of Rupee vis-à-vis the Dollar. Appreciated rupee exchange rate means that you can buy more from spending in the international market for same amount of Rupees. However, inflows
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