The rupee depreciated 9 paise to 82.73 against the U.S. dollar in early trade on February 24, 2023. | Photo Credit: The Hindu The rupee depreciated 9 paise to 82.73 against the U.S. dollar in early trade on Friday, weighed down by the strength of the American currency in the overseas market. Sustained foreign fund […]
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A sell-off in domestic equities and risk-averse sentiments weighed on the local unit, traders said A sell-off in domestic equities and risk-averse sentiments weighed on the local unit, traders said The rupee depreciated 6 paise to a record low of 83.06 against the U.S. dollar in opening trade on Thursday due to a stronger greenback […]
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While the fall of the rupee has been relatively moderate, the pace at which India’s foreign exchange reserves are dwindling is a cause for concern While the fall of the rupee has been relatively moderate, the pace at which India’s foreign exchange reserves are dwindling is a cause for concern The rupee’s weakening exchange rate […]
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With the fall of the rupee, Indian students may have to plan better, pick up extra loans or maybe even give up their dream of studying abroad. However, Nasser Salim, managing partner at investment services firm Flexi Capital, believes that if parents plan early and in the right way, sending their children abroad for higher […]
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Equity indices fell sharply by nearly 2% each, extending their decline for the third day running Equity indices fell sharply by nearly 2% each, extending their decline for the third day running The rupee slumped 19 paise to close at a fresh lifetime low of 80.98 against the U.S. dollar on September 23, 2022, weighed […]
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Impact of Falling Rupee: With the fall of the rupee, Indian students studying abroad, especially in the US, may have to pick up extra loans and finances to ensure they are comfortable, according to experts. As the rupee’s value is depreciating, the tuition fee for Indian students abroad is on the rise, they added. “In […]
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“In India, ATF accounts for around 45% of the operational cost of an airline. Besides, as much as 35-50% of the airlines’ operating expenses are U. S. dollar driven,” as per ICRA. “In India, ATF accounts for around 45% of the operational cost of an airline. Besides, as much as 35-50% of the airlines’ operating […]
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Amid the geopolitical tensions and increases by the Fed to combat U.S. inflation, the rupee has been on a downward spiral. Slowing exports and an inflated import bill have also weighed down the local currency. In order to iron out sharp volatility in the rupee, the RBI has dipped into its reserves, which however has […]
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Amid the geopolitical tensions and increases by the Fed to combat U.S. inflation, the rupee has been on a downward spiral. Slowing exports and an inflated import bill have also weighed down the local currency. In order to iron out sharp volatility in the rupee, the RBI has dipped into its reserves, which however has […]
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While cost pressures are likely to continue in first half of the fiscal year, Icra expects year-on-year improvement of 50-75 basis points in operating margins in 2022-23, with easing of commodity prices and supply-chain issues While cost pressures are likely to continue in first half of the fiscal year, Icra expects year-on-year improvement of 50-75 […]
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