Rupee declines 4 paise to 83.05 against US dollar
Business | January 12, 2024 10:45 ISTThe rupee started on a weak note at 83.08, declining further to 83.10 against the dollar, eventually settling at 83.05, ending its seven-day winning streak.
The rupee started on a weak note at 83.08, declining further to 83.10 against the dollar, eventually settling at 83.05, ending its seven-day winning streak.
Amid the ongoing Russia-Ukraine war and the COVID-19 pandemic, world leaders will advocate to end the hegemony of the West and the dominance of dollar in the international trade.
According to the Indian Embassy in Abu Dhabi, the UAE’s Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation Limited (IOCL) made their first-ever crude oil transaction in national currencies.
“The world is evolving and India is undergoing rapid development, particularly under Prime Minister Modi’s leadership”, Wickremesinghe noted.
The High Commission of India in Colombo organised a discussion on the use of the Indian Rupee (INR) for transactions between India and Sri Lanka on Thursday.
Yes Bank plans to raise funds in Indian or foreign currency by issuing debt securities, it said on Monday
BJP leader and Rajya Sabha MP Subramanian Swamy has suggested inscribing the image of Goddess Lakshmi on the Indian currency notes.
Investors also played their bets cautiously in view of India's rating outlook cut by Moody's Investors Services last week. Opening marginally lower, the Indian currency dropped to a low of 71.54 to the US dollar before settling at 71.47, showing a fall of 19 paise
On Saturday at about 5.30 p.m., during a routine patrol at the Kashmere Gate metro station, CISF Quick Reaction Team Sub-Inspector Birender Kumar noticed an unattended bag lying near gate No-8.
India's economic growth will rebound from a five-year low this year, but would need a huge boost in spending and reforms to accelerate higher rate of expansion to double the economy's size to USD 5 trillion by 2024-25, the pre-Budget Economic Survey said Thursday.
In an order dated January 9, it had asked SPMCIL to stop production of circulation coins with immediate effect.
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