Foreign travel expenses shoot up 20% on falling rupee The Times Of India Tweet NEW DELHI: The depreciating value of the rupee has made outbound travel for Indians at least 15-20% more expensive. In India, domestic travel too is suffering because of an increase in airfares as Kingfisher and Air India reduce their inventory. | The summer break in India sees a huge number o...
Weak rupee may not hurt consumer prices: Credit Suisse The Times Of India Tweet MUMBAI: Weak rupee may have a limited impact on consumer prices though it could slow growth, notes a report by Credit Suisse. This would be the case for all major Asian currencies which have weakened against the dollar. | All major currencies in Asia have depreciated sharply against a strong U...
India's plummeting rupee raises concern Al Jazeera | The Indian rupee, losing its value since last year, has now hit an all-time low against the US dollar. | The currency has lost more than 20 per cent since 2011, contributing to a slow down of India's GDP growth and a widening of its ...
Weekly market review: Sensex drops 140 points on weak rupee, global worries The Times Of India Tweet MUMBAI: The Indian equities markets' benchmark indices declined nearly one per cent in a volatile trading this week as a record drop in the value of rupee and lingering eurozone crisis weighed heavily on the investors' sentiments. | The 30-scri...
Sensex drops 140 points on weak rupee, global worries (Weekly market review) Newstrack India | Mumbai, May 19 (IANS) The Indian equities markets' benchmark indices declined nearly one percent in a volatile trading this week as a record drop in the value of rupee and lingering eurozone crisis weighed heavily on the investors' sentiments. ...
Free-falling Indian rupee sinks to new lows Gulf News | Mumbai: India's central bank promised on Friday to use "all its available tools" to stabilise the rupee, which sank to a record low against the dollar for a third straight day amid turmoil in global markets. | The Indian unit fell to...
WN / Sayali Santosh Kadam
Gold hits 5-week low, attracts physical buying The Times Of India Tweet | MUMBAI: Gold futures extended losses on Monday afternoon to their lowest level in five weeks, attracting some deals from physical players, though a weaker rupee weighed on ...
Gold may rule at Rs 27,500 level in near term: Experts The Times Of India Tweet MUMBAI: Gold, which lost its sheen during last week due to weak global conditions, is likely to remain muted in the domestic market as well and rule in the range of Rs 27,500...
In rush to mint money through devalued rupee, trader poorer by a lakh Indian Express | The greed to cash in on the downward slide of rupee (against US dollar), cost three persons heavy as two of them, both women, landed behind bars, while the third one's money - Rs 1 lakh in cash - is now a case property with the police. | The drama ...
>Indian rupee hits all-time low against the dollar Seattle Post | MUMBAI, India (AP) — The Indian rupee hit a fresh all-time low against the dollar Wednesday, as risk averse global investors wary of India's twin deficits drowned out central bank efforts to stem the currency's slide. | The rupee hit 54.44 agains...
Rupee slide, a double whammy for IT industry The Hindu The depreciating rupee against the U.S. dollar is something less to cheer and more to worry for the Indian IT (information technology) industry. Its impact over a period, particularly in the backdrop of an anticipated inflationary cost pressure, is l...
Weak rupee, higher interest cost impacted TTK Prestige’s March quarter earnings The Times Of India Tweet Weak rupee and higher interest cost have impacted TTK Prestige's March quarter earnings. The company imports most of its products from China and sells under its brand through its wide pan India network. Due to the weakening rupee, the input cos...
Fitch downgrades Greece on euro exit fears Al Jazeera | Fitch, a leading credit ratings agency, has downgraded Greece a notch to CCC "vulnerable to default" rating, citing the heightened risk that the country might have to leave the Eurozone. | The failure by Greek politicians to form a government underscores a lack of public and political support for an austerity programme, Fitch said in a statement ...
Nasdaq glitch confuses investors of Facebook IPO Springfield News-Sun | NEW YORK — Some investors who thought they had bought Facebook shares at the opening of trading were left without knowing for hours whether they had received the shares. | The Securities and Exchange Commission is looking into the glitches in the trading of Facebook's initial public offering around the time of its scheduled debut Friday on ...
