The rupee has strengthened against the American greenback by about 4.8 per cent during the past few months, while it has hit a 150-month low on November 11 against the major world currencies.
Investors are already factoring in the impact. The IT Index on the BSE exchange dipped 2.5 per cent, with Infosys, Wipro and TCS showing a decline.
With the signing of the pact, the Quad grouping of India, Japan, Australia and the US is set to gain more heft now, notes Dr Rajaram Panda.
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
Banks and importers preferred to increase their dollar position at the current level, a forex dealer said.
An analysis for the first eight months of CY18 shows that the value of RuPay and UPI transactions constitute 65.2 per cent of all transactions done through debit and credit cards, in value terms, across retail outlets by the end of August.
"The Board in its meeting... has considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held, as on a record date to be determined," the company said in the regulatory filing.
Surging value of dollar may be posing the biggest threat to US corporate earnings.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
'Facebook and Google no longer need to have infantry regiments and cavalry like the East India Company because they are inside everyone's phones listening to our conversations.'
'The Indian side has realised that not talking to Pakistan has not served any useful purpose.'
Jewellery stores remained deserted as buyers deferred their non-essential purchases awaiting softness in gold prices.
Mark Hutchinson explains ways of dealing with the nose-diving dollar and making profitable investments.
The American economy is resilient and durable enough to withstand the challenge posed by the ongoing economic crisis in China, the White House said while asking Beijing to move towards a transparent economy and a market-based currency system.
The US Fed also said that the unemployment rate too would rise to 5.7 per cent.
But Down Under is a tough call due to shipment time and quality control issues.
How much are others responsible for the Trump presidency moving in the directions it has, asks T N Ninan.
The fact that the US dollar has become the world's preferred reserve currency is now the core of global financial crisis, says Mohan Guruswamy.
In January 2003, the American Finance Association awarded Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40.
The growth premium India enjoyed has largely been lost.
Munich-based Giesecke and Devrient supplies security features to the RBI for currency notes, and machines to bank branches across the country to detect counterfeits.
Economic recovery is well under way in some advanced economies.
Vajpayee had always felt that India must act with conviction and panache. He decided that, irrespective of the attendant risks, he would undertake what many felt was a precarious course. A fascinating excerpt from N K Singh's Portraits Of Power: Half A Century Of Being At Ringside on Atalji's 96th birthday, December 25.
China's economy is worse than it really is, but then these are emblematic of the baffling self-congratulatory mood that exists in India today.
Exports dipped 1.6 per cent to 8.95 trillion yuan.
'God gave me a second chance to live and I had to make the most of it.'
Board has also accepted the resignations of Marans.
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
With this subdued forecast, India is likely to record its worst growth performance since the 1991 liberalisation. However, it is among the only two major economies, which will register a positive growth rate in 2020. The other being China, for which the IMF has projected a growth rate of 1.2 per cent.
While information technology companies will benefit, firms with high foreign borrowings or heavy dependence on imports will be hurt.
Assume that the rupee will trend lower over the next 10 years as India increases overseas sovereign exposures, and your long-term asset allocation should be geared to deal with this trend, suggests Devangshu Datta
While we have to hiss loudly and do the lunging bit to keep our foes on their toes, that's only a tactical matter. What is the strategic goal? What is the end game? In my opinion, there is only one possible end game: the unwinding of Pakistan into several pieces: Balochistan, Sind, Balawaristan (Gilgit, Baltistan, the rest of PoK), the Pashtun area Khyber Pakhtunwa which will merge with Afghanistan, and the rump Punjab, says Rajeev Srinivasan.
The highly anticipated matchup between Hillary Clinton and Donald Trump finally happened, and it didn't disappoint. Here are all the highlights from the first presidential debate.
This is a high-stakes strategic conflict between a power which wants to preserve the status quo in its favour and one which wants to usurp that throne. The rest is all theatre, says Harsh V Pant.
The fact that the US recovery needs an elaborate defence suggests that things are far from certain.
Falling for the first time in three days, the rupee today erased initial gains to end 15 paise lower at 62.43 against dollar on fag-end demand of the US currency from banks and importers, amid a tepid stock market.
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