Indians, culturally, tend to have stronger family ties. Hence we see expatriates sending money frequently to their families back home. No wonder, India has been the highest receiver of remittances in the world in 2013 according to World Bank reports. 256 more words
Tags » Indian Rupee
The Indian markets corrected ~1.2% over the week, as falling crude oil prices and concerns over Greek’s exit from Euro sparked tremors across the globe. The Indian markets fell ~3% on Tuesday (6th Jan), and partly recouped the losses in the next two trading days. 242 more words
- India’s external debt rose to USD 456 billion at the end of Sep’2014; Up USD 7 billion QoQ.
- Forex reserves, as a percentage of total external debt, decreased to 69% from 70% in Jun’2014. 42 more words
- 2014 has been a stable year for the Rupee, after a very volatile 2013.
- In 2015, Rupee will benefit from – (i) pick-up in economic growth, leading to higher capital inflows, and (ii) better trade balance due to lower commodity prices, especially crude oil. 53 more words
- The Indian rupee, like other emerging market currencies, experienced sudden and significant depreciation on fears of the Fed “tapering” in mid-2013.
- The currency has settled at 61-63 INR/USD range in recent times due to significant efforts from the Indian central bank. 30 more words