How low could the INR go, is the big question doing the rounds in the market these days? Broadly, 4 factors will drive the rupee weaker and 70/$ may become the new normal. 453 more words
Tags » Indian Rupee
The Indian rupee resumed selling spree against its US counterpart on Monday amid sustained outflows by foreign funds as fears of an imminent Fed rate hike and worries over the impact of the government’s demonetization move on the Indian economy soured risk taking appetite. 109 more words
My 2 cents because, who even wants to touch the Indian currency right now?
Technically speaking, PM Modi declaring the 500 and 1000 rupee notes defunct and invalid overnight doesn’t make them so neither does it reduce or nullify their value; the December 30 deadline till which they are accepted in banks will in actuality make them invalid. 169 more words
It costs a lot of money to make money.
The special papers and inks, security features, and printing processes require specialised facilities and a hefty sum every year. 838 more words
Last week would go down as the most historic one in the lives of most living Indians.
Demonetization was historic not only in terms of the sheer political courage but also its many repercussions on the economy. 150 more words
The Indian rupee was trading lower against its US counterpart in afternoon trade on Wednesday on sustained bouts of dollar demand by importers and banks as India’s trade deficit widened to 10-month high, raising concerns over the health of the Asia’s third largest economy. 99 more words