The government’s budget proposal earlier this month to increase taxes on those with annual incomes of more than Rs 20 million has rattled many foreign portfolio investors. Here are some facts about the new tax rules.
Alan Turing, a computer pioneer and World War II codebreaker will be on the new 50-pound polymer note, the Bank of England announced on Monday after it selected him from a shortlist that included famed Indian mathematician Srinivasa Ramanujan and British theoretical physicist Stephen Hawking.
The rupee appreciated by 16 paise to 68.53 against the US dollar in opening trade on Monday, driven by positive opening in domestic equities and easing crude oil prices.
The rupee depreciated 25 paise to close at 68.69 against the US dollar Friday amid rising crude oil prices and unabated foreign fund outflows.
Last financial year, Nabard raised a total of Rs 56,069 crore through non-convertible debentures, of which Rs 33,169 crore was for the government schemes and the remaining was for the organisation's own funding requirements.
Forex traders said the rupee is trading in a narrow range ahead of the release of retail inflation and factory output data. Besides, the weakening of the greenback vis-a-vis other currencies overseas supported the local unit.
The rupee darted up 14 paise to finish at 68.44 against the US dollar Thursday after dovish comments by US Federal Reserve chair Jerome Powell boosted emerging market currencies.
The rupee rebounded 25 paise to 68.33 against the US dollar in early trade Thursday, in tandem with other emerging market currencies after Federal Reserve chief Jerome Powell bolstered expectations of a rate cut later this month.
Explaining how HDFC Bank had refused loans to the ex-liquor barren Vijay Mallya, Aditya Puri said, "a banker can have a coffee with any person and then do what he wants", stressing that it was his colleague Paresh Sukthankar who declined the loan.
A RBI working group has suggested calibrated extension of forex market trading hours from 9 am to 9 pm as it would help in gauging demand and potential benefits. The draft report of the working group said that since RBI is in the process of reviewing and rationalising foreign exchange regulations.
The rupee declined by 7 paise to close at 68.58 against the US dollar Wednesday, pressured by persistent foreign fund outflows and firming crude oil prices.
The domestic unit had rebounded 15 paise to close at 68.51 against the US dollar Tuesday on fag-end selling of the greenback by banks and importers in line with a late recovery in domestic equities.
The rupee Tuesday recovered by 15 paise to close at 68.51 against the greenback on fag-end selling of the US currency by banks and importers in line with late recovery in domestic equities.
The rupee opened weak at 69.65 against the US dollar at the interbank forex market. It fell further to quote at 68.84, registering a decline of 18 paise from the previous close.
The rupee Monday declined by 24 paise to close at 68.66 against the US dollar, cutting short its three winning run due to a massive selloff in equities and weakening expectations of a rate cut by the US Federal Reserve in near future.