Foreign Exchange Rates
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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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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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Forex Rate Variation Led To Rs 4,685 Crore Loss For Air India: Centre
Increase in fuel costs and impact of foreign exchange rate variation were two major reasons for Air India's operating loss of Rs 4,685 crore in 2018-19, Civil Aviation Minister Hardeep Singh Puri said on Thursday
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Foreign Media On 'Potentially Catastrophic' Fight At RBI
Central banks are usually pretty boring places, home to technocrats who keep watch on inflation and exchange rates and pride themselves on avoiding public controversy.
-
Renault To Hike Prices By 1.5 Per Cent Across Vehicles From January 2019
French automaker Renault has announced that the company will be increasing prices across its vehicle range by up to Rs. 1.5 per cent in India, from January 2019. The price hike is being made to "partially offset the impact of increasing input costs and fluctuations in foreign exchange rates," the company said in a statement. With the price hike, R...
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Enough "Firepower" To Tackle Rupee Volatility: Economic Affairs Secretary
India has adequate "firepower" of foreign exchange reserves to deal with the current volatility in the rupee, the country's Economic Affairs Secretary told reporters. The volatility is being driven by global factors including the proposed US sanctions on Iran and the mismatch in demand and supply of oil, Subhash Chandra Garg, Economic Affairs Secre...
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Rupee Weakens To 64.83 Against Dollar
On Monday, the rupee had lost 6 paise to end at 64.79 against the US currency due to fag-end dollar demand from importers and corporates.
-
Rupee Falls Sharply Against US Dollar Today, Weakens Past 64
Rupee's fall against the dollar came despite broader weakness in the greenback against other currencies.
-
Why The Rupee Is Rising Against US Dollar
The rupee gave up early gains after hitting 63.25 against the US dollar at day's high.
-
Investors Rate Rupee First In Poll As Asia Currencies Edge Out Others
India's rupee and the Indonesian rupiah -- the region's two highest-yielding currencies -- took first and third place in the poll, in which 18 investors, traders and strategists were asked to gauge the resilience of currencies when it comes to a suite of risk factors looming in the second half.
-
Toyota To Increase Prices Of Its Model Range By Upto 3 Per Cent
In a move to tackle the increasing manufacturing cost of vehicles and constant upward movement of foreign exchange rates, Toyota Kirloskar Motor has announced that it will increase prices of its entire product portfolio by up to 3 per cent from January, 2017. A similar price hike was also announced in December, 2015.
-
Harley-Davidson India Hikes Prices on Select Models by Up to Rs. 30,000
Harley-Davidson India has announced a price increase by up to Rs. 30,000 on select models sold across the country. The American auto giant conveyed that the hike was made in a bid to offset the impact of foreign exchange rate fluctuation.
-
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...
-
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...
-
Forex Rate Variation Led To Rs 4,685 Crore Loss For Air India: Centre
Increase in fuel costs and impact of foreign exchange rate variation were two major reasons for Air India's operating loss of Rs 4,685 crore in 2018-19, Civil Aviation Minister Hardeep Singh Puri said on Thursday
-
Foreign Media On 'Potentially Catastrophic' Fight At RBI
Central banks are usually pretty boring places, home to technocrats who keep watch on inflation and exchange rates and pride themselves on avoiding public controversy.
-
Renault To Hike Prices By 1.5 Per Cent Across Vehicles From January 2019
French automaker Renault has announced that the company will be increasing prices across its vehicle range by up to Rs. 1.5 per cent in India, from January 2019. The price hike is being made to "partially offset the impact of increasing input costs and fluctuations in foreign exchange rates," the company said in a statement. With the price hike, R...
-
Enough "Firepower" To Tackle Rupee Volatility: Economic Affairs Secretary
India has adequate "firepower" of foreign exchange reserves to deal with the current volatility in the rupee, the country's Economic Affairs Secretary told reporters. The volatility is being driven by global factors including the proposed US sanctions on Iran and the mismatch in demand and supply of oil, Subhash Chandra Garg, Economic Affairs Secre...
-
Rupee Weakens To 64.83 Against Dollar
On Monday, the rupee had lost 6 paise to end at 64.79 against the US currency due to fag-end dollar demand from importers and corporates.
-
Rupee Falls Sharply Against US Dollar Today, Weakens Past 64
Rupee's fall against the dollar came despite broader weakness in the greenback against other currencies.
-
Why The Rupee Is Rising Against US Dollar
The rupee gave up early gains after hitting 63.25 against the US dollar at day's high.
-
Investors Rate Rupee First In Poll As Asia Currencies Edge Out Others
India's rupee and the Indonesian rupiah -- the region's two highest-yielding currencies -- took first and third place in the poll, in which 18 investors, traders and strategists were asked to gauge the resilience of currencies when it comes to a suite of risk factors looming in the second half.
-
Toyota To Increase Prices Of Its Model Range By Upto 3 Per Cent
In a move to tackle the increasing manufacturing cost of vehicles and constant upward movement of foreign exchange rates, Toyota Kirloskar Motor has announced that it will increase prices of its entire product portfolio by up to 3 per cent from January, 2017. A similar price hike was also announced in December, 2015.
-
Harley-Davidson India Hikes Prices on Select Models by Up to Rs. 30,000
Harley-Davidson India has announced a price increase by up to Rs. 30,000 on select models sold across the country. The American auto giant conveyed that the hike was made in a bid to offset the impact of foreign exchange rate fluctuation.
