News for 'Rupee'

Review Tax Regime, Plan Investments

Review Tax Regime, Plan Investments

Rediff.com3 Apr 2025

Review your family emergency fund and replenish it if needed. Revisit financial goals to see if there is any change in timeline or the corpus required.

Trump's Tariffs: India Should Be Worried

Trump's Tariffs: India Should Be Worried

Rediff.com4 Apr 2025

While growth in India is largely domestic and hence the overall GDP effect may not be more than 0.15-0.2%, but overall trade will be impacted due to every country going back to the drawing board, points out Madan Sabnavis.

Indian Pharma Gets Relief from Trump's Tariffs

Indian Pharma Gets Relief from Trump's Tariffs

Rediff.com4 Apr 2025

Indian drugmakers supply 47 per cent of the generic medicine requirements in the US, and tariffs would have increased prices in the US domestic market for patients, who are already dealing with drug shortages.

Wholesale price inflation eases to 2.31% in Jan

Wholesale price inflation eases to 2.31% in Jan

Rediff.com14 Feb 2025

Wholesale price inflation moderated to 2.31 per cent in January due to the decline in prices of food items especially vegetables, government data released on Friday showed. The Wholesale Price Index (WPI) based inflation was 2.37 per cent in December 2024. It was 0.33 per cent in January 2024.

Don't Derail SIP Goals!

Don't Derail SIP Goals!

Rediff.com7 Mar 2025

Stopping SIPs during a downturn undermines the benefit of rupee-cost averaging.

Kunal Kamra asks BookMyShow if he's banned, it says...

Kunal Kamra asks BookMyShow if he's banned, it says...

Rediff.com7 Apr 2025

Stand-up comedian Kunal Kamra has written an open letter to BookMyShow requesting the online ticketing platform to either not delist him or to hand over the contact information of audience members he has earned through his solo shows over the years. The letter comes days after Shiv Sena claimed BookMyShow had taken Kamra off the sale and artists list from its platform amid ongoing controversy around his 'traitor' jibe against Maharashtra Deputy Chief Minister Eknath Shinde.

PCB Chief sells Rs 94L VIP seats, to cheer with fans

PCB Chief sells Rs 94L VIP seats, to cheer with fans

Rediff.com17 Feb 2025

Pakistan Cricket Board (PCB) chairman Mohsin Naqvi has decided to watch the Champions Trophy matches from the stands, after selling the 30-seat VIP Hospitality Box offered to him for around 400,000 dirhams (INR 94 lakh), and putting the proceeds into the PCB's coffers. Naqvi was offered the premium seating for himself, his family, and guests for the matches in Dubai. However, he chose to sell the box and watch the game, including the game against India, from regular enclosures to experience the atmosphere with the fans.

How the markets will fare this week

How the markets will fare this week

Rediff.com23 Feb 2025

Global trends, trading activity of foreign investors and news flow on tariffs are expected to influence movement in the equity market in a holiday-shortened week ahead, analysts said. Equity markets would remain closed on Wednesday for 'Mahashivratri'.

Sensex drops 313 points ahead of RBI's rate decision

Sensex drops 313 points ahead of RBI's rate decision

Rediff.com5 Feb 2025

Titan, Nestle, Hindustan Unilever, State Bank of India, Larsen & Toubro, ITC, Zomato and Bajaj Finserv were also among the laggards. Adani Ports, IndusInd Bank, Tata Motors and HDFC Bank were among the major gainers.

Digitisation does not mean deregulation: CEA Nageswaran

Digitisation does not mean deregulation: CEA Nageswaran

Rediff.com11 Feb 2025

There is a "misperception" among the administration around deregulation, wherein digitisation is confused with deregulation, Chief Economic Advisor V Anantha Nageswaran said on Tuesday. Speaking at an event organised by alternative investment industry's lobby grouping IVCA in Mumbai, Nageswaran stressed that what is essential is to do away with needless regulations, whether they are to be complied with online or offline.

Why Sensex And Nifty Are Falling

Why Sensex And Nifty Are Falling

Rediff.com6 Jan 2025

'Retail investors have to stick to their asset allocation plans and continuously do portfolio reviews.'

India's forex kitty jumps $7.65 bn to $638.26 bn

India's forex kitty jumps $7.65 bn to $638.26 bn

Rediff.com14 Feb 2025

India's forex reserves jumped by $7.65 billion to $638.26 billion in the week ended February 7, the RBI said on Friday. This is the third consecutive week of a jump in the kitty, which had increased by $1.05 billion to $630.61 billion for the week ended January 31.

'Investors: Stay Calm. Avoid Speculative Investment Behaviour'

'Investors: Stay Calm. Avoid Speculative Investment Behaviour'

Rediff.com8 Apr 2025

'My advice: Don't mark your portfolio to market every day. Focus on survival.'

Rs 45 Bn Scam: ED Launches Searches

Rs 45 Bn Scam: ED Launches Searches

Rediff.com4 Mar 2025

The Enforcement Directorate said on Monday that it had conducted search operations at four locations in Mumbai and Delhi as part of its money laundering investigation into an alleged Rs 4,500 crore (Rs 45 billion) fraud by Pancard Clubs Limited and others, in which more than 5 million investors have been duped.

Rupee best-performing Asian currency so far in January

Rupee best-performing Asian currency so far in January

Rediff.com29 Jan 2024

After an extremely stable 2023, the Indian rupee started 2024 on a promising note and has turned out to be the best-performing Asian currency so far in January, appreciating 0.1 per cent despite 2 per cent rise in the dollar index. All other Asian currencies depreciated by around 1.4-4 per cent during the month. The local currency regained its ground against the greenback on the back of foreign portfolio inflows, said market participants.

FPIs' incessant selling continues; withdraw Rs 7,300 cr

FPIs' incessant selling continues; withdraw Rs 7,300 cr

Rediff.com9 Feb 2025

The exodus of FPIs from the Indian equity markets continued unabated, as they withdrew over Rs 7,300 crore (about $840 million) in the first week of this month due to global trade tensions, with the US imposing tariffs on countries such as Canada, Mexico, and China. This came following an outflow of Rs 78,027 crore in the entire January. Before that, they invested Rs 15,446 crore in December, data with the depositories showed.

RBI may cut interest rate by 25 bps on Feb 7

RBI may cut interest rate by 25 bps on Feb 7

Rediff.com3 Feb 2025

The RBI is likely to reduce the key interest rate by 25 basis points this week after keeping it on hold for two years, complementing the Union Budget initiatives to push consumption-led demand, though the sliding rupee continues to be a concern. As the retail inflation has remained within the Reserve Bank's comfort zone (less than 6 per cent) for most of the year, the central bank can take rate action to boost growth hit by sluggish consumption, opined experts.

'Can I Earn Rs 30k Monthly On Rs 50L?'

'Can I Earn Rs 30k Monthly On Rs 50L?'

Rediff.com10 Apr 2025

Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.

CSK Vs RCB: Who Bowled Best? Vote!

CSK Vs RCB: Who Bowled Best? Vote!

Rediff.com29 Mar 2025

Led by Josh Hazlewood, RCB produced a dominant bowling performance to crush Chennai Super Kings by 50 runs.

RIL, ICICI Bank rally helps Sensex gain 234 points

RIL, ICICI Bank rally helps Sensex gain 234 points

Rediff.com7 Jan 2025

From the 30-share blue-chip pack, Tata Motors, Reliance Industries, ICICI Bank, Asian Paints, Nestle India, UltraTech Cement, Larsen & Toubro and Adani Ports were among the biggest gainers. In contrast, Zomato, HCL Tech, Tata Consultancy Services, Tech Mahindra, Kotak Mahindra Bank and Infosys were among the losers.

Trade war may fuel inflation: RBI bulletin

Trade war may fuel inflation: RBI bulletin

Rediff.com20 Mar 2025

Escalating trade tensions amid a tariff war after Donald Trump took over as President of the United States (US) could adversely impact global growth and fuel inflation, an article on the "State of the Economy" in the Reserve Bank of India (RBI) monthly bulletin said.

CVC to probe renovations at Kejriwal's 'Sheesh Mahal'

CVC to probe renovations at Kejriwal's 'Sheesh Mahal'

Rediff.com15 Feb 2025

The Central Vigilance Commission has directed the Public Works Department of Delhi government to conduct a detailed probe into the alleged merger of properties to expand the 6, Flagstaff Road bungalow and the expenditures incurred on its interiors, Bharatiya Janata Party leader Vijender Gupta said on Saturday.

Attempting to avoid...: Vanuatu cancels Lalit Modi's passport

Attempting to avoid...: Vanuatu cancels Lalit Modi's passport

Rediff.com10 Mar 2025

Vanuatu Prime Minister Jotham Napat has directed the Citizenship Commission to cancel the passport issued to former Indian Premier League (IPL) founder Lalit Modi, citing his attempt to avoid extradition. Modi had applied to surrender his Indian passport to the Indian High Commission in London, but the Vanuatu government stated that Interpol twice rejected India's request for an alert notice due to lack of evidence. The statement emphasized that holding a Vanuatu passport is a privilege, not a right, and applicants must seek citizenship for legitimate reasons, which does not include evading extradition.

An insurer can now effectively manage market volatility

An insurer can now effectively manage market volatility

Rediff.com10 Mar 2025

The Insurance Regulatory and Development Authority of India's (Irdai's) decision to allow insurers to hedge risks through equity derivatives will help them manage market volatility and protect policyholder returns. However, this move is unlikely to alter their investment strategies.

Spike in crude oil price, FII outflows spook markets

Spike in crude oil price, FII outflows spook markets

Rediff.com13 Jan 2025

From the 30-share blue-chip pack, Zomato cracked nearly 7 per cent. Power Grid, Adani Ports, Tata Steel, NTPC, Tata Motors, Tech Mahindra, Mahindra & Mahindra, Asian Paints, Sun Pharma and UltraTech Cement were the other major laggards. In contrast, Axis Bank, Hindustan Unilever, Tata Consultancy Services and IndusInd Bank were the gainers.

India's forex reserves rise $1.05 bn to $630.61 bn

India's forex reserves rise $1.05 bn to $630.61 bn

Rediff.com7 Feb 2025

India's forex reserves rose $1.05 billion to $630.61 billion for the week ended January 31, the RBI said on Friday. In the previous reporting week, the overall reserves had increased by $5.57 billion to $629.56 billion.

Auto revenue may hit high gear on rural push, launches

Auto revenue may hit high gear on rural push, launches

Rediff.com28 Jan 2025

Overall, volume growth is likely to be in the range of 3-8 per cent for two-wheelers and 5-7 per cent for passenger vehicles owing to healthy demand from urban and rural areas and pending order books.

How the markets will fare this week

How the markets will fare this week

Rediff.com16 Feb 2025

Stock markets are expected to be driven by global trends and FPI trading activity this week after the conclusion of the earnings season, analysts said. Unabated foreign fund outflows, lower-than-expected quarterly earnings and global trade war fears hit market sentiments last week, where the benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a row on Friday.

FPIs withdraw Rs 64,000 cr from equities

FPIs withdraw Rs 64,000 cr from equities

Rediff.com26 Jan 2025

The exodus of FPIs from the Indian equity markets continues unabated, as they withdrew Rs 64,156 crore ($7.44 billion) this month so far on depreciation of the rupee, rise in the US bond yields and expectation of a tepid earning season. This came after an investment of Rs 15,446 crore in the entire December, data with the depositories showed.

Budget 2025: Consumption-related stocks likely to see further gains

Budget 2025: Consumption-related stocks likely to see further gains

Rediff.com3 Feb 2025

Market reaction to the Union Budget was overall neutral. The income tax "gift" wasn't enough to move the needle. There was some apparent rationalisation of Customs duty structure as well as cuts on import duties of some key components for the telecom and IT industry and duty cuts on vehicle imports. Other proposals related to development of agriculture and rural economy and renewables seem to be generally positive.

'BJP's Survival Depends On Muslims'

'BJP's Survival Depends On Muslims'

Rediff.com8 Apr 2025

'The irony of this country is that the party in Opposition and the party in power both depend on Muslims.'

India, Sri Lanka sign major defence pact

India, Sri Lanka sign major defence pact

Rediff.com5 Apr 2025

Prime Minister Narendra Modi received a tri-services ceremonial welcome in Colombo, Sri Lanka, marking the first time such an honor has been bestowed upon a foreign leader. The welcome took place at the historic Independence Square, the venue for national day celebrations. Modi's visit comes as Sri Lanka shows signs of recovery from a recent economic crisis, with India playing a significant role in providing assistance. During the visit, both leaders are expected to discuss a range of issues, including defense cooperation, energy, and digital initiatives.

PV Sales Face Bleak Outlook in 2024-25

PV Sales Face Bleak Outlook in 2024-25

Rediff.com20 Mar 2025

Major Indian carmakers are preparing for sluggish domestic PV sales growth of just 1-2 per cent in FY26.

India's forex reserves rise $5.57 bn to $629.55 bn

India's forex reserves rise $5.57 bn to $629.55 bn

Rediff.com31 Jan 2025

India's forex reserves increased $5.57 billion to $629.56 billion in the week ended January 24, the Reserve Bank said on Friday. In the previous reporting week, the overall kitty had dropped $1.89 billion to $623.98 billion.

Rs 24.69 lakh cr of investors' wealth wiped out in 4 days

Rs 24.69 lakh cr of investors' wealth wiped out in 4 days

Rediff.com13 Jan 2025

Investors lost Rs 24.69 lakh crore in market valuation in the last four days of severe drubbing in the equity market. Spike in global crude prices, unabated foreign fund outflows, a strong US jobs data diminishing early rate cut expectations, and the rupee logging its steepest single-day fall in nearly two years dampened investors' sentiment.

'Why Can't Women Be Crazy In Love?'

'Why Can't Women Be Crazy In Love?'

Rediff.com18 Mar 2025

'It's always the men who are going crazy, barbaad. They never show a woman going crazy like that.' 'A woman has to be very proper, sitting on a swing, crying.'

Champions Trophy: Karachi's National Stadium inaugurated!

Champions Trophy: Karachi's National Stadium inaugurated!

Rediff.com11 Feb 2025

The Pakistan Cricket Board on Tuesday inaugurated the renovated National Stadium in Karachi, one of the three venues in the country that will host the Champions Trophy.

71% drop in terror incidents under Modi, no cases in hinterland: Minister

71% drop in terror incidents under Modi, no cases in hinterland: Minister

Rediff.com19 Mar 2025

India's Minister of State for Home, Nityanand Rai, has announced a 71% decrease in terrorist incidents in the country under the Modi government. He credits a "zero tolerance" policy towards terrorism, which has resulted in no terror incidents in the hinterland. Rai also highlighted the National Investigative Agency's (NIA) successes, including the investigation of cases on foreign land and a conviction rate of 95.54%.

'Indian rupee best-performing Asian currency this year'

'Indian rupee best-performing Asian currency this year'

Rediff.com29 Jun 2024

'India represents one of the top opportunities with robust growth, solid fundamentals, and openness to foreign investment.'

Sensex sinks 425 points dragged by auto stocks, foreign fund outflows

Sensex sinks 425 points dragged by auto stocks, foreign fund outflows

Rediff.com21 Feb 2025

Equity benchmark indices Sensex and Nifty ended lower on Friday, dragged by auto stocks and relentless foreign fund outflows. Weak US markets and tariff threats also dented investor sentiment. The 30-share BSE benchmark Sensex dropped 424.90 points or 0.56 per cent to settle at 75,311.06.