Rupee dollar

The rupee weakened past the 40 mark and went all the way to 52 in no time, and has been depreciating steadily ever since

The rupee's journey from 40 to 80 per dollar

Business Standard

While the central bank has been relentlessly absorbing inflows to shore up it's reserves, we are seeing a trend where the central bank, once in a while, steps away from bids to shatter market complacency

Abhishek Goenka, IFA Global

Receiving longer tenor, therefore, looks a good proposition considering the steepness of the curve. Near-end is likely to remain anchored on account of abundant Rupee liquidity in the banking system

'See rupee trading in the range of 72.50 to 74.50 in the short term'

The rupee continues to struggle and has depreciated almost 1.5 per cent in December, despite a better-than-expected winter session. The United Progressive Alliance (UPA) government managed to win Parliament&rsquo;s consent for foreign direct investment (FDI) in multi-brand retail, and the banking laws Bill got the approval of both Houses. The huge dollar demand from companies to pay their dollar liabilities was one major reason which added to the rupee weakness.

Rupee likely to stabilise a little at the start of 2013

Indian rupee registered a negative annual profile for the first time since 2008, with a loss of around 16 per cent, as Europe&rsquo;s debt crisis threatened to derail global economic growth in makets, including emerging ones like India, and hurt demand for financial assets in developing nations. On the face of it, India attracted Foreign Direct Investment (FDI) worth $22.52 billion between January and September, 2011, against $15.97 billion in the year-ago period. The rise in FDI inflows should have cheered the investment climate. Instead, the mood is gloomy, especially after the government was forced to put on hold the big bang policy of opening multi-brand retail to foreign investment. The FIIs withdrawal of Rs 2,500 crore last calendar year, too, has been detrimental to the rupee.

Rupee: Base set to stay at 49

Three schools in Delhi received bomb threats over email early on Friday, triggering a multi-agency search of the premises, officials said.
The latest threats come on the back of at least 44 schools receiving similar emails on December 9. Police had declared those threats as hoaxes.
A Delhi Fire Services official said, "We received calls (regarding the threat emails) from Bhatnagar International School in Paschim Vihar (4:21 am), Cambridge School in Shri Niwas Puri (6:23 am) and DPS Amar Colony in East of Kailash (6:35 am)."
The fire department, police and bomb detection teams, along with dog squads, have reached the schools and are conducting checks, he said.
The schools' authorities have sent messages to guardians to not send their wards for classes.
A police official said checks were underway.

National Security Guard (NSG) personnel conduct inspection at the site after a blast was reported at Prashant Vihar, near CRPF school in Rohini area of New Delhi, Sunday, Oct 20, 2024. (PTI Photo)

After Presidential election, thousands of protesters flooded the streets in cities like the capital Caracas, and the opposition released data it said showed Gonzalez won handily against Maduro

Venezuelan President Nicolas Maduro reacts after casting his vote during the presidential election, in Caracas, Venezuela July 28, 2024. Photo: Reuters/Fausto Torrealba

Venezuelan President Nicolas Maduro reacts after casting his vote during the presidential election, in Caracas, Venezuela July 28, 2024.

Once the allotment is finalised, investors can check the status on the official websites of BSE or Link Intime India, the registrar for the issue

External Affairs Minister S Jaishankar on Thursday met his UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan.Both leaders held the 4th India-UAE Strategic Dialogue in New Delhi.Earlier in the day, Prime Minister Narendra Modi welcomed Zayed Al Nahyan and expressed his optimism about the future of the India-UAE Comprehensive Strategic Partnership.Taking to X, PM Modi expressed his delight while receiving the Deputy PM and said that both nations were committed to working towards peace, stability, and security in West Asia and the wider region."Happy to receive Deputy PM  &  Foreign Minister of the UAE, HH AB Zayed. India-UAE Comprehensive Strategic Partnership is poised to achieve unprecedented heights. We are committed to working towards peace, stability, and security in West Asia and the wider region," PM Modi said.Zayed Al Nahyan arrived in New Delhi to take part in the 4th Strategic Dialogue and the 15th India-UAE Joint Commission Meeting.Welcoming the UAE leader, Ministry of .

S Jaishankar, Jaishankar

The second India-Iran-Armenia trilateral consultation was held on Thursday, where the three sides discussed a wide range of matters, including connectivity initiatives, engagement in multilateral fora, and regional developments, the Ministry of External Affairs press release stated.The discussion in the trilateral consultations was led by Joint Secretary of the Pakistan, Afghanistan, and Iran Division JP Singh from the Indian side, along with delegations from Iran and Armenia. From Iran, the Director General of the South Asia Division in the Ministry of Foreign Affairs of Iran, Hashem Ashja' Zadeh, led the discussion; meanwhile, Armenia was represented by the Head of the Asia-Pacific Department in the Ministry of Foreign Affairs of Armenia, Anahit Karapetyan."The 2nd India-Iran-Armenia Trilateral Consultations took place in New Delhi today. Discussions covered connectivity initiatives, multilateral engagement  &  regional developments. Emphasis was placed on enhancing trade, ...

India, Iran, Armenia trilateral consultation

News updates: Catch all the latest news updates from around the world here

Congress, Congress flag

At just 18 years old, Gukesh's triumph marks a historic milestone in chess, making him the youngest player to ever claim the World Chess Championship title.

D Gukesh, Gukesh

The new system will introduce dedicated PF withdrawal cards, functioning like regular bank ATM cards

ATM, Money, Transaction

HDFC Bank said that it will take necessary steps to address the concerns and directives mentioned in the letter

HDFC Bank

The 10-year agreement amounts to 0.5 per cent of global supply and is worth roughly $13 billion a year at today's prices

Reliance

Chief Investment Officer Niket Shah said he's adding shares of companies that offer lower priced non-essential goods, such as jewelry and apparel, on expectations of increased spending

gold, jewellery, gold chain

The case weighed heavily on the future of some of the highest-profile media properties in the world

Rupert Murdoch

Canadian Prime Minister Justin Trudeau said on Monday said Americans are beginning to wake up to the real reality that tariffs on everything from Canada would make life a lot more expensive" and said he will retaliate if Donald Trump goes ahead with them.
Speaking at an event put on by the Halifax Chamber of Commerce, Trudeau also said dealing with Trump will be a little more challenging than the last time because Trump's team is coming in with a much clearer set of ideas of what they want to do right away than after his first election win in 2016.
The US president-elect has threatened to impose a 25 per cent tax on all products entering the US from Canada and Mexico unless they stem the flow of migrants and drugs.
Trump got elected on a commitment to make life better and more affordable for Americans, and I think people south of the border are beginning to wake up to the real reality that tariffs on everything from Canada would make life a lot more expensive," Trudeau said.
On the

Justin Trudeau, Canada PM

Over the years, as AI has improved, much of the simpler stuff is now automated. Demand has shifted to recruiting specialists and paying higher salaries and rates

iMerit, women, Bhutanese women

The provision is likely to become law given its inclusion in the bill, which is considered must-pass before Congress adjourns for the year

Huawei

Highlighting the historical presence of Hindus in Bangladesh, stating, "We are vanished from Afghanistan. We are vanished from Pakistan. This is the high time. If we are not saved now, we will be

Protest, Delhi Protest, Bangladesh Protest, Hindu Protest

Despite the growth slowdown, a rate cut-cycle is unlikely to start anytime soon

Policy

The Massachusetts Institute of Technology alleges that the essay, titled 'On Pacifism', could be interpreted as encouraging violent protests on campus

MIT University

In the absence of meaningful private investment and job creation, India is slipping back into its pre-Covid-19 rut, and its economic czars are once again publicly refusing to acknowledge the slowdown

Gold

Sitharaman said that intergenerational debt is mounting on countries, and it is important for the government and industry to work together to manage debt at the national and sub-national levels

Abhishek Goenka

Abhishek Goenka

Abhishek Goenka

The rupee's journey from 40 to 80 per dollar

'See rupee trading in the range of 72.50 to 74.50 in the short term'

Rupee likely to stabilise a little at the start of 2013

Rupee: Base set to stay at 49

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