History Of Rupee

The liberalisation of 1991 proved to be a crucial turning point in India's economic history and significantly impacted the rupee-dollar exchange rate.

P Chidambaram on Friday noted that the UPA government in 2013 brought back the value of the rupee from 69 to 58 against the US dollar within four months, and said all this was part of recent history which is an "anathema" to the BJP government.

Goldman Sachs has issued its first loan, collaterised by Bitcoin. The details of the borrower involved in this transaction remains undisclosed. A Bitcoin-backed loan allows the asset holder to borrow fiat currency like Rupees or Dollars against their Bitcoin holdings. The bank had begun researching on Bitcoin-backed loans around December last year.

Two of India's biggest film studios have signed a silver-screen deal for about 10 billion rupees ($135 million), betting on a robust box-office recovery from a devastating Covid-19 wave as cinemas slowly reopen across the country.

On July 1, 2017, the Government of India rolled out the Goods and Services Tax reforms. GST, one of the biggest economic reforms in recent Indian history had several implications with certain products and services becoming considerably more expensive as compared to earlier. The auto industry though rejoiced as the new country wide rates made it eas...

The rupee ended 20-month high at 64.11 against the dollar today, compared toits Tuesday's close of 64.26.

Currencies from the Indian rupee to the offshore version of the Chinese yuan have hit record lows to the greenback this week, and if history is a guide, another year or two of pain lies ahead for them.

The BSE Sensex on Monday crashed 5.94 per cent to end at a 12-month low of 25,741.56. The 1,625-point loss was the biggest-ever for Sensex, while in percentage terms, Monday's crash was the biggest since January 2009. After China, the Sensex was the worst-performing index in Asia today.

The BSE Sensex slumped 1,500 points or over 5 per cent on Monday - marking its third biggest crash in history in terms of absolute value. The rupee sank to a fresh low two-year low of 66.67 per dollar.

Taking on Narendra Modi for claiming that the value of the rupee did not fall during NDA rule, Finance Minister P Chidambaram today said this was yet another item in the "collection" of history lessons from the Gujarat Chief Minister.

"Forex markets have the notorious history of overshooting...unfortunately this is happening not only to the rupee but other currencies too," the PM said in Lok Sabha today.

He was speaking after release of the fourth volume of RBI history titled "RBI History-Looking Back and Looking Ahead" at a small function at his Race Course residence.

The liberalisation of 1991 proved to be a crucial turning point in India's economic history and significantly impacted the rupee-dollar exchange rate.

P Chidambaram on Friday noted that the UPA government in 2013 brought back the value of the rupee from 69 to 58 against the US dollar within four months, and said all this was part of recent history which is an "anathema" to the BJP government.

Goldman Sachs has issued its first loan, collaterised by Bitcoin. The details of the borrower involved in this transaction remains undisclosed. A Bitcoin-backed loan allows the asset holder to borrow fiat currency like Rupees or Dollars against their Bitcoin holdings. The bank had begun researching on Bitcoin-backed loans around December last year.

Two of India's biggest film studios have signed a silver-screen deal for about 10 billion rupees ($135 million), betting on a robust box-office recovery from a devastating Covid-19 wave as cinemas slowly reopen across the country.

On July 1, 2017, the Government of India rolled out the Goods and Services Tax reforms. GST, one of the biggest economic reforms in recent Indian history had several implications with certain products and services becoming considerably more expensive as compared to earlier. The auto industry though rejoiced as the new country wide rates made it eas...

The rupee ended 20-month high at 64.11 against the dollar today, compared toits Tuesday's close of 64.26.

Currencies from the Indian rupee to the offshore version of the Chinese yuan have hit record lows to the greenback this week, and if history is a guide, another year or two of pain lies ahead for them.

The BSE Sensex on Monday crashed 5.94 per cent to end at a 12-month low of 25,741.56. The 1,625-point loss was the biggest-ever for Sensex, while in percentage terms, Monday's crash was the biggest since January 2009. After China, the Sensex was the worst-performing index in Asia today.

The BSE Sensex slumped 1,500 points or over 5 per cent on Monday - marking its third biggest crash in history in terms of absolute value. The rupee sank to a fresh low two-year low of 66.67 per dollar.

Taking on Narendra Modi for claiming that the value of the rupee did not fall during NDA rule, Finance Minister P Chidambaram today said this was yet another item in the "collection" of history lessons from the Gujarat Chief Minister.

"Forex markets have the notorious history of overshooting...unfortunately this is happening not only to the rupee but other currencies too," the PM said in Lok Sabha today.

He was speaking after release of the fourth volume of RBI history titled "RBI History-Looking Back and Looking Ahead" at a small function at his Race Course residence.