Wednesday, July 30, 2025

Creating liberating content

NEW DELHI: IndiGo saw its Q1 FY 2026 drop 20

The Indian Banks’ Association’s proposal for a five-day work week

Piotr Swat | Lightrocket | Getty Images Palo Alto Networks

Related News

NEW DELHI: IndiGo saw its Q1 FY 2026 drop 20 per cent to Rs 2,176.3 crore from Rs 2,728.8 crore in same period last year due to the serious hit

The Indian Banks’ Association’s proposal for a five-day work week in banks, declaring all Saturdays as holidays, is under government consideration. While the finance ministry acknowledges the proposal, it clarifies

File photo: US President Donald Trump (Picture credit: PTI) US President Donald Trump’s recent tariff warnings to India have drawn sharp criticism from Indian trade experts, with Professor Rakesh Mohan

Piotr Swat | Lightrocket | Getty Images Palo Alto Networks will take over Israeli identity security provider CyberArk in a deal valued at roughly $25 billion. The California-based cybersecurity company

T N Manoharan, renowned chartered accountant, former chairman of IDBI Bank and one of India’s most respected financial minds, passed away on Wednesday. He was widely acknowledged for his leadership

The Income Tax Department has enabled utilities for filing updated income tax returns (ITR-U) through ITR-1 and ITR-2 forms for assessment years (AY) 2021-22 and 2022-23, in accordance with Finance

Trending News

NEW DELHI: IndiGo saw its Q1 FY 2026 drop 20 per cent to Rs 2,176.3 crore from Rs 2,728.8 crore in same period last year due to the serious hit

File photo: US President Donald Trump (Picture credit: PTI) US President Donald Trump’s recent tariff warnings to India have drawn sharp criticism from Indian trade experts, with Professor Rakesh Mohan

T N Manoharan, renowned chartered accountant, former chairman of IDBI Bank and one of India’s most respected financial minds, passed away on Wednesday. He was widely acknowledged for his leadership

Pakistan’s government is moving swiftly toward integrating cryptocurrency into its financial ecosystem, aiming to bring digital currencies into mainstream banking, forex operations, and gold trading, according to a Wednesday media

The EU sanctions against Russia are expected to have significant implications for Indian refiners, according to a recent ICRA report.On July 18, the EU implemented its 18th sanctions package against

Nayara’s lawyer told a New Delhi court today that the services have been restored by Microsoft. EU sanctions on Russia: Global IT giant Microsoft has restored IT services to Russia-backed

Dollar’s deep dive masks Re’s steeper slide vs euro

Word Count: 555 | Estimated Reading Time: 3 minutes


Dollar's deep dive masks Re's steeper slide vs euro

Mumbai: The dollar ended June with its worst first-half performance in four decades. However, the dollar’s slide in the international markets has been masking the rupee’s weakness, which is seen in its movement against the euro. The rupee breached the Rs 100 level against the European currency in late June – marking a 12.4% depreciation over the past 12 months. The slide has been more severe than the modest 2.8% drop against the dollar, which has obscured the extent of the rupee’s broader decline in global currency markets. The euro has gained 9.4% against the dollar during the same period. This divergence has widened the gap between the euro and the rupee, pushing the euro/rupee rate to record highs.

`

The underlying cause lies in diverging monetary policy expectations. While the US Federal Reserve has signalled a pause in its rate hikes, the European Central Bank has remained hawkish, sustaining the euro’s strength. The dollar index fell by about 10.6% since the start of the year, dropping toward 97 points for the first time since Feb 2022, marking the worst first-half for the greenback in nearly 40 yearsThe rupee slipped on Monday to end the month and quarter slightly lower, trailing most Asian peers amid muted portfolio inflows and weighed down by the country’s external investment deficit.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account