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Worry over a falling rupee
A strong currency is no reflection of a strong economy. Exchange rates are best left to economists to manage
Published on Jan 14, 2025 08:20 PM IST
HT Editorial
Singapore’s holidaymakers toast strongest dollar in a decade
Economic factors boost Singapore dollar, but strong currency poses challenges for exporters and local businesses.
Published on Sep 05, 2024 08:02 AM IST
Bloomberg |
China Restates Need for Steady Yuan Amid Fragile Confidence
China reiterated the need to prevent one-sided moves in the yuan, as a resurgent dollar and poor risk sentiment pressure currencies across Asia.
Published on Apr 18, 2024 03:02 PM IST
Bloomberg |
Woman among two held for money changer’s murder in Ludhiana
The prime accused, who is a former Merchant Navy officer, is absconding; victim was chosen as easy target as he dealt with huge amount of Indian and foreign currency, say Ludhiana police
Updated on Apr 15, 2023 11:31 PM IST
HT Correspondent, Ludhiana
RBI took a break from buying dollars as Indian rupee’s weakness renews
Latest data from the central bank showed that it was a net seller of dollars for the first time since November 2018. RBI releases its forex intervention data with a lag of two months.
Published on Sep 16, 2019 09:21 PM IST
livemint, Mumbai | Aparna Iyer
How to buy cheap forex
To exchange your foreign currency, you can approach public and private banks, money exchange centres, airports and online portals. However, currency exchange at airports can rip you off, as the charges range between 10% and 12% of the value of the amount.
Updated on Aug 26, 2019 09:33 AM IST
Hindustan Times, Mumbai | Revati Krishna
Five ways to manage finances while studying abroad
According to the Reserve Bank of India data, expenditure by Indian families on overseas travel and education has witnessed an upwards surge of over 60 percent year-on-year. There is, however, no denying that the entire process of studying abroad requires one to be extremely mindful from day one of research
Published on Aug 21, 2019 12:56 PM IST
Saurabh Arora
Centre to go ahead with disinvestment of Air India: Aviation Ministry
The AISAM, which is basically a Group of Ministers (GoM), has to be reconstituted as Arun Jaitley and Suresh Prabhu are no longer ministers in the second innings of the Narendra Modi government.
Updated on Jun 27, 2019 10:48 PM IST
New Delhi | Press Trust India
The fall in oil prices could benefit the Indian economy
India should be thankful for more than the obvious gains like a reduced trade deficit, a more stable exchange rate, more fiscal space, lower inflation and reduced interest rates
Published on Jun 13, 2019 06:13 PM IST
Hindustan Times | HT Correspondent
Maruti Suzuki Q4 net profit dips 4.6% to ₹1,795.6 crore
Maruti Suzuki said that the quarter was marked by adverse foreign exchange rates and commodity prices, higher depreciation and higher sales promotion expenses. It was partially offset by cost reduction efforts.
Updated on Apr 25, 2019 03:36 PM IST
New Delhi | Press Trust of India
Crooks hack email, dupe Gurugram firm into sending ₹1.74 crore
The complaint filed by an employee of the legal department of the company stated that the email ID hacked by the suspect was the one the firm used for regular communication with the supplier.
Updated on Apr 17, 2019 05:15 AM IST
Hindustan Times, Gurugram | HT Correspondent
Money laundering causes distortion in the economic statistics
We need complete devotion to ensure that the development of the country is not hindered due to vested interests and corrupt elements in the society.
Updated on Feb 05, 2019 07:52 AM IST
Karnal Singh
Indian carriers will need 2,300 planes worth billions in 20 years: Boeing
According to Boeing, India would need 1,940 single-aisle planes worth USD 220 billion and 350 wide-body aircraft valued at USD 100 billion.
Updated on Dec 19, 2018 06:29 PM IST
New Delhi | Reuters
How the inflation equation could impact politics
Rising inflation under the United Progressive Alliance II came with high food prices; this is not the case now.
Updated on Oct 17, 2018 10:28 PM IST
Hindustan Times, New Delhi | Roshan Kishore
India will have to pay ₹68,500 crore extra to repay debt due to weak rupee
India’s short-term debt obligations, which included non-resident deposits as well as overseas commercial borrowings by companies, totaled $217.6 billion in 2017.
Updated on Sep 07, 2018 05:47 PM IST
Bloomberg | Anirban Nag
Companies in India find pricing power as growth on road to recovery after cash ban, GST
After the twin shocks of a cash ban in 2016 and the chaotic introduction of a consumption tax last year, India’s economic recovery is gaining momentum.
Updated on Aug 23, 2018 04:26 PM IST
Bloomberg | Vrishti Beniwal and PR Sanjai
Biggest trade deficit in five years is adding to rupee’s woes
The gap between exports and imports reached $18 billion in July, fanned by a higher oil import bill, according to data released by India’s commerce ministry on Tuesday.
Updated on Aug 15, 2018 11:50 AM IST
Bloomberg | Vrishti Beniwal
LPG price hiked by ₹1.76 per cylinder
All LPG consumers have to buy the fuel at market price. The government, however, subsidises 12 cylinders of 14.2-kg each per households in a year by providing the subsidy amount directly in bank accounts of users.
Published on Aug 01, 2018 01:08 AM IST
New Delhi | Press Trust of India
Bitcoin looks more like gold than a currency
What does the future hold for the world’s first and still most famous cryptocurrency?
Published on Jul 11, 2018 06:04 PM IST
Bloomberg | Noah Smith
In India, it’s rupee depreciation that really drives inflation | Opinion
Goldman Sachs Group Inc. analysed which Asian economy is threatened by exactly what facet of inflation. For India, it found, it’s currency exchange-rate depreciation that really matters in the aggregate.
Updated on Jun 06, 2018 12:23 PM IST
Bloomberg | Andy Mukherjee
Fuel prices soar for 10th straight day, govt seeks long-term solution
After a 19-day hiatus in the run-up to the Karnataka polls, the price of petrol has increased by Rs 2.54 in the last 10 days, and that of diesel by Rs 2.41.
Updated on May 23, 2018 10:45 PM IST
Hindustan Times, New Delhi | P Suchetana Ray
TCS is first Indian firm to close trading session with $100 bn market cap
TCS had became the first Indian IT company on Monday to cross the $100 billion mark in market capitalisation (m-cap) in intra-day trade, but had closed the session at about $98.8 billion in value.
Published on Apr 26, 2018 08:17 PM IST
Press Trust of India, New Delhi | HT Correspondent
US adds India to currency watch list with China for questionable forex policies
The Treasury report is required by Congress to identify countries that are trying to artificially manage the value of their currency to gain a trade advantage, for example by keeping the exchange rate low to promote cheaper exports.
Updated on Apr 14, 2018 06:55 PM IST
Agence France-Presse, Washington | Agence France-Presse