Today, the Reserve Bank conducted a USD/INR Buy Sell swap auction for a notified amount of USD 10 billion as announced vide press release dated February 21, 202...
A 10% depreciation in the rupee increases the wholesale price index (WPI) by 100-130 bps, compared with 30-35 bps for the consumer price index (CPI), according to an econometric analysis by Bank of Baroda economists. A higher WPI feeds into core inflation on higher prices of raw materials - an important component of WPI.
The rupee declined 22 paise to 87.41 against the US dollar in early trade on Thursday after the latest tariff announcements from the US weighed on emerging currencies, including the rupee.
Forex traders said the latest tariff announcements from the US have sent shockwaves through global markets, strengthening the dollar.
Sanjay Bembalkar, Head of Equities at Union Asset Management, advises investors to consider gold ETFs for safer, liquid portfolios without emotional ties. In light of geopolitical uncertainties and monetary changes, gold's negative correlation with equities and debt makes it a valuable long-term strategic asset. Bembalkar suggests a 15-25% gold allocation for retail investors.
We recently compiled a list of the 10 Best Low Priced Stocks to Invest in Now. In this article, we are going to take a look at where Wipro Limited (NYSE:WIT) stands against the other low priced stocks...
India Business News: MUMBAI: In a move aimed at improving liquidity in the banking system, the RBI has said that it will conduct a USD/INR buy/sell swap auction on Feb 28 .