money

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From hovering around the 75 per dollar mark at the beginning of the year to crossing the 83 per dollar mark yesterday for the first time ever, the rupee’s downfall has been a cause of worry. Amidst the continuous slide, India’s central bank, RBI is having to keep intervening and selling forex reserves to handle the situation and recover the rupee’s value, which has hit new all-time lows multiple times in the past 6-7 months. The reason? While it's difficult to pinpoint
From Foreign Vacations To Investments, Understand How Falling Rupee Affects Your Financial Decisions
From hovering around the 75 per dollar mark at the beginning of the year to crossing the 83 per dollar mark yesterday for the first time ever, the rupee’s downfall has been a cause of worry. Amidst the continuous slide, India’s central bank, RBI is having to keep intervening and selling forex reserves to handle the situation and recover the rupee’s value, which has hit new all-time lows multiple times in the past 6-7 months. The reason? While it's difficult to pinpoint
a pile of twenty dollar bills sitting on top of a black leather bag in someone's hand
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India’s annual rate of inflation, based on monthly wholesale price index (WPI), declined further to 12.41 per cent (provisional) in August 2022, over August 2021. After increasing to a record 15.88 per cent in May, WPI inflation eased to 13.93 per cent in July. The month-on-month change in WPI index for August 2022 stood at -0.46 per cent.
India’s WPI inflation dips further to 12.41% in August
India’s annual rate of inflation, based on monthly wholesale price index (WPI), declined further to 12.41 per cent (provisional) in August 2022, over August 2021. After increasing to a record 15.88 per cent in May, WPI inflation eased to 13.93 per cent in July. The month-on-month change in WPI index for August 2022 stood at -0.46 per cent.