Indian Rupee dives a new record low against dollar
- Thread starter BHarwana
- Start date
Pakistani Rupee to touch Rs. 150 per dollar in a few days.
https://www.dawn.com/news/1482642/dollar-hits-historical-high-at-rs148-intraday-in-interbank-market
https://www.dawn.com/news/1482642/dollar-hits-historical-high-at-rs148-intraday-in-interbank-market
INDIAISM
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Bharwana even then INR appreciated against PKR Very Bad,Very Sad.Very bad and very sad
Han Patriot
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It will go lower, it was nearly 75 before recovering to 70-71ish now
That is counter intuitive since you just admitted that the Indian Rupee just grew stronger from 75 to 70 now.
Han Patriot
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Not really, in 2 years it went from 60 to 75 and then 70. It's a descending trend, a simple oil price increase will screw up rupee. I still remember when it was 45 during the India Shining days.
ni8mare
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India's Forex reserve rises to over $420 billion
IANS | Mumbai Last Updated at May 17, 2019 23:16 IST
India's foreign exchange reserves increased by $1.368 billion during the week ended May 10, official data showed on Friday.
According to the Reserve Bank of India's weekly statistical supplement, the overall forex reserves rose to $420.055 billion from $418.687 billion reported for the week ended May 3.
India's forex reserves comprise Foreign Currency Assets (FCAs), gold reserves, Special Drawing Rights (SDRs) and India's reserve position with the International Monetary Fund (IMF).
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.358 billion to $392.227 billion.
Besides the US dollar, FCAs consist of 20-30 per cent of the other major global currencies.
The RBI's weekly data showed that the value of the country's gold reserves was stagnant at $23.021 billion.
However, the SDR value inched higher by $3 million to $1.454 billion, while the country's reserve position with the IMF inched up by $7 million to $3.351 billion.
--IANS
rv/prs
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
IANS | Mumbai Last Updated at May 17, 2019 23:16 IST
India's foreign exchange reserves increased by $1.368 billion during the week ended May 10, official data showed on Friday.
According to the Reserve Bank of India's weekly statistical supplement, the overall forex reserves rose to $420.055 billion from $418.687 billion reported for the week ended May 3.
India's forex reserves comprise Foreign Currency Assets (FCAs), gold reserves, Special Drawing Rights (SDRs) and India's reserve position with the International Monetary Fund (IMF).
On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.358 billion to $392.227 billion.
Besides the US dollar, FCAs consist of 20-30 per cent of the other major global currencies.
The RBI's weekly data showed that the value of the country's gold reserves was stagnant at $23.021 billion.
However, the SDR value inched higher by $3 million to $1.454 billion, while the country's reserve position with the IMF inched up by $7 million to $3.351 billion.
--IANS
rv/prs
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
ni8mare
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Closing Bell: Sensex, Nifty end at record closing high on exit polls verdict; PSU banks outperform
The Sensex was up 1,421.90 points or 3.75% at 39352.67, while Nifty was up 421.10 points or 3.69% at 11828.30.
The Sensex was up 1,421.90 points or 3.75% at 39352.67, while Nifty was up 421.10 points or 3.69% at 11828.30.
Viny
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Very bad and very sad
What did you expected, after a 1400 point rise in a day?
Its expected market correction, people marking there profits good
Another such day to make money is 23rd May.
Oh by the way 1USD to PKR = 153 and local market 155
Very bad and very sad
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