Photo: Orissa Post
Indian Rupee Gains 6 Paise Against Greenback
The domestic currency gained in Asian markets against the greenback. The Indian rupee gained 6 paise to open at 73.02 against the dollar, reflecting a bullish trend in local stocks and sustained foreign capital inflows on September 2. The domestic unit opened at 73.04, rose to 73.02 by gaining 6 paise over its previous closing. The rupee also hit a low of 73.10 during the early trade.
Tags: Indian Currency, US Dollar, Rupee, trade
Courtesy: Deccan Herald
Photo: PIB Fact Check
PIB Clarifies Rs 500 Note As Valid, Claims SM Post As Fake!
A fake post is being surfaced on social media that said if the green flashy stripe of a Rs 500 note isn't found near the RBI Governor's signature, the note is invalid. However, the claim has been proven completely fake and misleading. According to a fact-check ran by the Press Information Bureau, both types of notes are valid, irrespective of the green stripe position.
Tags: Green strip, Banknote, RBI, PIB Fact Check, Rupee
Courtesy: LatestLY
Photo: The Economic Times
Rupee Closes At 74.47 Against Dollar; Biggest One-Day Fall In 20-Months
The Indian rupee saw a decline of 105 paise against one US dollar, on April 7 markets shuts at 74.47 making it the biggest fall in last 20-months. However, the RBI's status quo on repo rate remains firm. According to a Research analyst Saif Mukadam, the depreciation is fuelled due to new lockdown restrictions. Besides, the Central government claims that the economic growth remains uncertain due to lockdown.
Tags: Indian Currency, Rupee, Dollar, Covid-19 Lockdown, RBI, repo rate
Courtesy: Deccan Herald
Photo: Currency Live
Indian Rupee Only Flourishing Asian Currency In March Month
Indian rupee has emerged as the only thriving Asian currency in the month of March, owing to foreign investments attracted by share-sale offers. Reportedly, $2.4-billion worth international acquisitions of local stocks and an array of initial public offerings improved rupee's stature by 1.3% this month. Public companies raising $1 billion-plus loans and the RBI allowing the currency appreciation have also been driving factors. However,… read-more
Tags: Rupee, Asian currency, risk assets, IPO, Dollar, RBI
Courtesy: Livemint
Photo: Mysuru Today
Rupee Touches Highest Mark In Four Months: Up By 28 Paise Against Dollar
The Indian currency on January 4 surged at a four-month high against the US dollar, opening at 72.84 from the last close of 73.12. Experts opined that the positive increment has resulted after Indian government approved two COVID-19 vaccines. Citing the record-high GST collections in December 2020, the IFA Global CEO Abhishek Goenka said the domestic consumption is recovering and also expected a further rise in rupee in the future.
Tags: Rupee, Dollar, USA, India, Covid Vaccine, Covid-19
Courtesy: LiveMint
