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Indian rupee snaps two days of losses on hopes of inflows - @hdfcsec #HDFCSecurities #CurrencyTips #Investmentguruindia
Just to put this in perspective, Rajasthan Royals paid 67 crore in 2008 to buy the IPL team. Mumbai Indians was the expensive at 114 cr. USD INR was approximately 40-41 then.
I bought Dollars when INR USD was at 45, today it is at 75. Have I become richer today?
In the 1980s till mid-90s, Indian Rupee INR and Chinese Yuan CNY both depreciated at a rapid pace. In the past 25 years China used the cheap currency advantage and built massive scale in exports. Post 1995, stable CNY. INR continues to depreciate at 3-5% per annum
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Despite the Indian rupee falling slightly against the dollar on Monday because a sharp rise in US Treasury yields and crude oil prices weighed on sentiment for the Indian currency, equity markets remain firm | By @marketbadri #BLMarketWatch
Indian rupee edges lower by 2 paise at 75.28 against US dollar in opening trade
Thanks to the rapid jump of #crudeoil in the global market, and the strengthening of the US dollar, the rupee is on a downward spiral. The Indian rupee fell to a 15-month low of 75.65, before it closed marginally higher at 75.52 against the US dollar.
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