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Rupee Falls 8 Paise To 86.87 Against US Dollar
The rupee failed to sustained its recovery and depreciated 8 paise to close at 86.87 (provisional) against the US dollar on Wednesday due to a firm American currency and unending outflow of foreign funds.
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5 Major Scholarships To Study Abroad For Indian Students
Fluctuating foreign currency exchange rates can add to these financial challenges, prompting many to seek scholarships or loans.
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Fitch Downgrades Pakistan's Rating, Warns Default A 'Real Possibility'
The beleaguered Pakistani economy faces substantial credit risks with "critically low levels" of foreign exchange reserves, New York-based global ratings agency Fitch said on Tuesday.
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Apple Adjusts App Store Pricing for Apps, In-App Purchases in Several Countries
Apple has announced a change in prices for apps listed on the Apple App Store and for in-app purchases. The changes have been made to reflect fluctuating foreign exchange rates and updated tax policies in certain countries. The Cupertino, California-based tech giant confirmed that the changes made in pricing will be reflected from February 10, 2023...
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Forex Reserve Adequacy Considered While Managing Volatile Rupee: RBI
The Reserve Bank of India's interventions in the foreign exchange markets are to maintain macro economic stability and the adequacy of forex reserves is always kept in mind, Governor Shaktikanta Das said in a policy speech on Friday.
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Forex Reserves Slump To Over 2-Year Low As RBI Defends Rupee To Below 80
India's forex reserves slumped to the lowest in over two years, marking the third straight week of decline as the RBI intervened to keep the rupee from weakening past 80 per dollar.
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India Has Ample Forex Buffers To Take Credit Worthiness Pressure: Report
India has built up buffers against cyclical difficulties and has ample foreign exchange reserves to withstand pressure on credit worthiness, S&P Global Ratings said on Thursday.
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Forex Reserves Rise To Highest In 3 Weeks On Robust Rupee, Capital Inflow
Forex reserves rose by $2.315 billion to $573.875 billion in the week ending July 29
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Rupee Set To Hit Historic Lows Of 80 Per Dollar Again In Next 3 Months: Report
The rupee will trade near its historic low in the coming three months, despite a recent recovery, based on a widening trade deficit and global flows into safe-haven US dollars, a Reuters poll of foreign exchange strategists found.
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Microsoft Q2 Earnings Fall Short of Expectations Amid China Production Holdups, Strong Dollar Hits Sales
Microsoft’s second quarter earnings fell shy of expectations, the tech giant announced on Tuesday. The announcement comes on the back of production holdups in China in May, and weakening demand for PCs among users. The company also said that the earnings dive was due to foreign exchange rates and shutdowns of PC factories in China. However, Micro...
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Rupee Plunges To 78.40 Per Dollar, A New All-Time Low
The Indian Rupee fell by 25 paise to close at 78.38 (provisional) against the US dollar
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Rupee Jumps 21 Paise To 77.50 Per Dollar, Recovering From Record Low
The rupee recovered from its record low to close 21 paise higher at 77.50 against the American currency on Wednesday
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Rupee's Latest Record Lows Are Ominous Signs For Nosediving Forex Reserves
India's foreign exchange reserves have nosedived since the rupee started to hit new all-time lows in March, days after Russia invaded Ukraine, which resulted in massive capital outflows from emerging markets assets as investors sought safe-haven assets.
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Forex Reserves Fall For 6th Straight Week, Decline By $311 Million
India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday.
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Rupee Gains To 74.34 Against US Dollar Amid Positive Domestic Equities
Rupee Vs Dollar Rate: At the interbank foreign exchange market, the domestic unit opened at 74.41 against the dollar and registered an intra-day high of 74.25.
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Rupee Falls 8 Paise To 86.87 Against US Dollar
The rupee failed to sustained its recovery and depreciated 8 paise to close at 86.87 (provisional) against the US dollar on Wednesday due to a firm American currency and unending outflow of foreign funds.
-
5 Major Scholarships To Study Abroad For Indian Students
Fluctuating foreign currency exchange rates can add to these financial challenges, prompting many to seek scholarships or loans.
-
Fitch Downgrades Pakistan's Rating, Warns Default A 'Real Possibility'
The beleaguered Pakistani economy faces substantial credit risks with "critically low levels" of foreign exchange reserves, New York-based global ratings agency Fitch said on Tuesday.
-
Apple Adjusts App Store Pricing for Apps, In-App Purchases in Several Countries
Apple has announced a change in prices for apps listed on the Apple App Store and for in-app purchases. The changes have been made to reflect fluctuating foreign exchange rates and updated tax policies in certain countries. The Cupertino, California-based tech giant confirmed that the changes made in pricing will be reflected from February 10, 2023...
-
Forex Reserve Adequacy Considered While Managing Volatile Rupee: RBI
The Reserve Bank of India's interventions in the foreign exchange markets are to maintain macro economic stability and the adequacy of forex reserves is always kept in mind, Governor Shaktikanta Das said in a policy speech on Friday.
-
Forex Reserves Slump To Over 2-Year Low As RBI Defends Rupee To Below 80
India's forex reserves slumped to the lowest in over two years, marking the third straight week of decline as the RBI intervened to keep the rupee from weakening past 80 per dollar.
-
India Has Ample Forex Buffers To Take Credit Worthiness Pressure: Report
India has built up buffers against cyclical difficulties and has ample foreign exchange reserves to withstand pressure on credit worthiness, S&P Global Ratings said on Thursday.
-
Forex Reserves Rise To Highest In 3 Weeks On Robust Rupee, Capital Inflow
Forex reserves rose by $2.315 billion to $573.875 billion in the week ending July 29
-
Rupee Set To Hit Historic Lows Of 80 Per Dollar Again In Next 3 Months: Report
The rupee will trade near its historic low in the coming three months, despite a recent recovery, based on a widening trade deficit and global flows into safe-haven US dollars, a Reuters poll of foreign exchange strategists found.
-
Microsoft Q2 Earnings Fall Short of Expectations Amid China Production Holdups, Strong Dollar Hits Sales
Microsoft’s second quarter earnings fell shy of expectations, the tech giant announced on Tuesday. The announcement comes on the back of production holdups in China in May, and weakening demand for PCs among users. The company also said that the earnings dive was due to foreign exchange rates and shutdowns of PC factories in China. However, Micro...
-
Rupee Plunges To 78.40 Per Dollar, A New All-Time Low
The Indian Rupee fell by 25 paise to close at 78.38 (provisional) against the US dollar
-
Rupee Jumps 21 Paise To 77.50 Per Dollar, Recovering From Record Low
The rupee recovered from its record low to close 21 paise higher at 77.50 against the American currency on Wednesday
-
Rupee's Latest Record Lows Are Ominous Signs For Nosediving Forex Reserves
India's foreign exchange reserves have nosedived since the rupee started to hit new all-time lows in March, days after Russia invaded Ukraine, which resulted in massive capital outflows from emerging markets assets as investors sought safe-haven assets.
-
Forex Reserves Fall For 6th Straight Week, Decline By $311 Million
India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday.
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Rupee Gains To 74.34 Against US Dollar Amid Positive Domestic Equities
Rupee Vs Dollar Rate: At the interbank foreign exchange market, the domestic unit opened at 74.41 against the dollar and registered an intra-day high of 74.25.
