Rupee Depreciates Against US Dollar on Strength of Greenback, but Positive Domestic Trends and Foreign Capital Inflows Offer Support May 30, 2023 Place- New Delhi The Indian rupee depreciated by 4 paise to close at 82.64 against the US dollar on Monday. The local unit had opened strong at 82.57 in the interbank foreign exchange…
The Indian economy is still doing well and is one of the fastest growing in the world, a top official of the International Monetary Fund said on Tuesday. This is true even though the IMF lowered its growth forecast for 2023-24 from 6.1 to 5.9%. In an interview with PTI, Anne-Marie Gulde-Wolf, Deputy Director of…
Q1) What is Currency ? Currency is a medium of exchange that is accepted in transactions for goods and services. It serves as a unit of account, a store of value, and a medium for facilitating economic transactions. Throughout history, currency has taken various forms and has evolved over time in response to the needs…
When OPEC+ abruptly announced crude output cutbacks that threaten to tighten the market, delivering a further inflationary shock to the global economy and irking the White House, oil jumped at the start of the week.At 7:27 a.m., West Texas Intermediate had increased by as much as 8%, the largest intraday movement in almost a year….
As concerns over a banking crisis subsided, bank shares surged on Tuesday, helping to boost global stock markets. The multitude of steps taken by regulators to stabilise the banking sector bolstered investor optimism. U.S. stock US markets rose on Tuesday as a result of the banking sector’s stabilisation. S&P 500 increased 1.29% to close at…
Here’s what you need to know for next week Wall Street indexes ended the week on a higher note, but the week was full of ups and downs. During a rough ride, the Nasdaq gained more than 4%. The VIX went up by about 2% over the past week, but it is still 25% higher…
The current week saw a mixed performance from the Indian market, with the upheaval in the world’s banks primarily coming from the US and Europe. On the week of March 13 to March 17, both the Sensex and the Nifty both fell by around 2%. Sensex is trading below 58,000 at the moment, and the…
New Delhi: A sustained downturn in demand across important markets, such as the US and the European Union, was the main cause of India’s merchandise exports’ nearly 9% decrease in February, the third contraction in the current fiscal. Meanwhile, imports decreased in value for the third consecutive month as Indian importers cut down on their…
