Bengaluru (Karnataka) [India], March 12: Mudrex, a leading Indian crypto exchange, announced the rollout of INR-margined crypto futures, marking a significant step toward simplifying trading for participants in India's fast-growing digital asset market.
The primary concern for the Indian economy is the sharp increase in fuel costs. According to the report, "Brent has moved up from a range of US$ 65-US$ 70 per barrel to US$ 110 per barrel since the war broke out." This surge is linked to major infrastructure failures in the region. "Iran's o
In a post on X, Singh accused the government of deliberately increasing prices and targeting ordinary households. "Modi has deliberately pushed the country into the fire of inflation. The price of cylinders has been increased from 60 to 120 rupees. He told his friend that 'a crisis is a g
The report titled "When the dollar turns on itself" states that while gold gained on the international market, local prices in India fell because the Indian rupee became much stronger after a trade agreement with the US.
Uttar Pradesh Chief Minister Yogi Adityanath on Sunday participated in the International Women's Day program and said that the government will provide women with a package of 25 thousand rupees from their birth to graduation.
"'Inflation Man Modi' Delivers a Shock to the Public. The Modi government has directly increased the price of domestic LPG cylinders by 60 rupees. Meanwhile, for commercial LPG cylinders, you will now have to pay 115 rupees more," the INC wrote on X.
The Indian rupee recovered on Thursday after hitting an all-time low of 92.31 against USD, though currency experts believe the domestic currency is likely to remain under pressure due to ongoing geopolitical tensions and elevated crude oil prices.
New Delhi [India], March 5: Customers Can Now Sell Back Up to 25% of Purchased Foreign Currency at the Same Buying Rate Within 30 Days. Orient Exchange has announced the expansion of its popular Buy Back Scheme, extending the benefit to a total of 16 destination currencies. The expanded sche
Anindya Banerjee, Head of Commodity and Currency Research at Kotak Securities, on Wednesday stated that with crude oil prices remaining elevated, the rupee is likely to face continued depreciation pressures.
The NIFTY ended at 24,480.50, down 385.20 points or 1.55 per cent as of the time of filing this report. The index opened at 24,388.80 and touched an intraday high of 24,602.45 before sliding to a low of 24,305.40 during the session.
Gold prices could surge to USD 6,000 per troy ounce and rupee may weaken to 92-92.5 against USD if the Middle East conflict escalates further, according to a report by Elara Capital.