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Monday, Jun 9, 2025
The mass return of Keralites in the aftermath of the COVID crisis and the influx of North Indians to the Gulf is likely to have contributed to this change.
The Rupee had weakened to a record low of Rs 79.96 last week, weighed down by broad gains in the dollar as red-hot inflation data raised fears of more aggressive policy tightening.
With a depreciation of more than 7 per cent this year, the currency exchange rate is slated to hit the low point of Rs 80 per dollar in India.
However, it is a boon for the exporters as they receive more rupees in exchange for dollars.
A sharp correction in crude oil prices in the past few days, however, has been a breather for the local currency.
The rupee depreciated 18 paise to close at a record low of 79.03 (provisional) against the US dollar on Wednesday.
On Thursday, the rupee fell by 6 paise to close at 77.74 against the US dollar.
The coins of Re 1, Rs 2, 5, 10 and 20 denominations will have the Azadi Ka Amrit Mahotsav (AKAM) design.
Mumbai: The central bank Reserve Bank of India (RBI) cleared the air by saying that it has no proposal to bring about changes to the existing currency and bank notes by replacing the face of Mahatma Gandhi with that of others. "There are reports in certain sections of the media that the
The sector-wise data for April indicated that credit off-take has happened in almost all sectors.
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