BRICS’ Golden Spell To Dethrone Dollar
Will the gold-backed international currency end the dominance of the U.S. dollar?
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August 2023
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Rupee moderate; Yen, Pound depreciating faster, says CEA
Nageswaran says whenever Federal Reserve is on an aggressive tightening, this type of currency reaction happens historically. This time it is far more moderate, he adds
Markets accord red welcome to FY21
Day 1 of the new fiscal saw benchmark indices in the red all through the day; they closed 4% lower.
Monday blues for equity markets
While broader indices Sensex and Nifty 50 fell over 701 and 214 points respectively in intraday trade, S&P BSE MidCap and SmallCap fell 2.15% and 2.59% to record new 52-week lows.
Maruti Suzuki posts first drop in profit in 4 years
Profit declines 9.8% in September quarter as higher commodity prices and a weaker rupee hit demand.
Understanding the upside and downside of the depreciating rupee
Unlike importers, exporters can benefit from a depreciating rupee.
