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India's external debt increases in Q3 of 2014-15

Newsroom24x7 Desk

New Delhi: At end-December 2014, India’s external debt stood at US$ 461.9 billion – an increase by US$ 15.5 billion (3.5 per cent) over the level at end-March 2014. 353 more words

India

Rupee weakens by 6 paise against dollar in early trade

MUMBAI: The rupee fell by six paise at 62.32 against the dollar in ahead of schedule exchange on Wednesday at the Interbank Foreign Exchange because of valuation for the US cash abroad. 49 more words

Life

Devaluation of Indian Currency

 Devaluation on modern monetary policy is a reduction in the value of a currency with respect to those goods, services or other monetary units for which that currency can be exchanged. 340 more words

Weaker rupee means strong savings

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

UAE Exchange

India This Week : Jan 5-9, 2015

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

India's External Debt Rose Again In September: Impact On The Indian Rupee

Summary

  • 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.
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Indian Rupee

Indian Rupee: 2015 Outlook - Stability Ahead

Summary

  • 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.
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Indian Rupee