rupee

The 30-share BSE Sensex ended flat for the second consecutive session on Tuesday as the market is eagerly waiting for fresh trigger to move up further. Yesterday also the market remained resilient to weak global manufacturing data, which indicates that investors (or traders) are still hopeful...

The BSE Sensex and NSE Nifty continued to trade higher with more than 2% gains following global rally after European leaders, at EU summit on first day, moved to bring down soaring borrowing costs in Italy and Spain, helping ease fears over the region's debt crisis. The BSE benchmark was up 418...

The rupee was at 57.06-57.07 after opening stronger at 56.98. It ended trade at 57.02 on Tuesday, not far the record low of 57.32 hit on Friday.

The rupee was at 56.73-56.74 to the dollar versus its 57.12-57.13 Friday close.

I thing In 1542, by Sher Shah Suri, introduced first rupee in INDIA

D Uday Kumar, currently a professor at IIT Guwahati.

The rupee ended off the day's lows on Monday, tracking a modest recovery in the euro, but outlook for the local unit continues to stay bleak amid weakening macro-economic fundamentals and tapering foreign fund inflows. The partially convertible rupee closed at 49.15/16 per dollar, off the...

Long back , it was the Indian Rupee that was hovering around 46-48 something against the USD, but then it came changed. Today we can see Rupee touching 55 Versus the USD and what you think about weakening rupee! Is India Crashing? RBI strengthen rupee but no hopes...

ICICI inks 5-year rupee IRS with Citibank ICICI has entered into a five-year rupee interest rate swap with Citibank. This is the fourth long-term swap deal in the IRS market during the fortnight. The ICICI-Citibank swap deal has a notional amount of Rs 50 crore. The fixed portion of the swap...

The corporates having foreign currency loan could further be classified into two groups. One which have net imports and thus may have raised loans to meet their import requirements, for example Bharat Heavy Electricals Ltd., Apollo Tyres Ltd., Tata Power Co. Ltd. Two, which do not have...

Mainly the exporters would fall in this category. Corporates with foreign subsidiaries would also be having forex revenues but due to cheaper availability of funds abroad, it is unlikely that these subsidiaries would be funded by a rupee loan. Thus the main players meeting this criterion...

History of Indian Rupee A brief history of RBI’s monetary stance over the Nineties may be illuminating. When the country ran into a balance of payments problem in 1991, the RBI raised interest rates and tightened credit to stem the inflationary pressure and rein in the demand in the economy in...

the value of the Indian rupee has been under pressure in the financial markets. After having been stable for more than a year, it began its downward march in May 2000, destabilizing the economy and raising the spectre of another balance of payments crisis and rising interest rates. In order...

Edward VII was the next monarch to appear on coins from 1903-1906. George V, crowned in 1910, was the first monarch to visit India. A massive coronation durbar was commemorated by tokens and medals similar to the rupee. Bank notes of one rupee and two rupee denomianations began to appear. Edward...

“The British Indian Rupee” The Danes, Dutch, French, Portuguese and British all came to Indian as trading companies thus proving that politics and economics are two sides of the same coin. Their attempts to introduce their own coinage ended in economic chaos. Finally the rupee was adopted by...

“Reflecting the Grandeur of Princely States of India”: Mirrored in a wide variety of Indian rupee specimens is the great diversity of Princely States through four historical categories: 1) States dating back to medieval times like those ruled by Rajputana chieftains or the Maharanas of...

“A Fine Art in Akbar’s Golden Age”: The first Moghuls, Babur and Humayun, circulated shahrukhis, each weighing 72 gm of silver. So did the young Akbar during the first three years of his reign. But then came the ‘indianisation’ of Akbar who greatly appreciated Indian culture and philosophy. His...

“The Silver Inspiration of a Royal Afghan” The monetary coinage system was remodeled by Farid-ud-din Sher Shah Suri (1538-1545). The birth of the rupee is credited to the Afghan ruler for which he was known as the “Prince of Indian Coinage.” A man of vision, he also built the Grand Trunk...

The story of the rupee has the fascination of which legends are made of. It has survived ups and downs through more than four centuries.The word rupee comes from the hindi/urdu word rupaiya which is derived from the Sanskrit word rupya or rupika, meaning coinage or wrought silver. The earliest...

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