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Tag: Rupee

How Much Does India Spend to Make Coins and Notes?

How Much Does India Spend to Make Coins and Notes?

Coin Making Cost: An interesting economic contradiction in India’s currency system is highlighted by the fact that the common one-rupee coin that jangles in our pockets is worth significantly more than its face value. In everyday transactions, it is simple to take the currency for granted, but its manufacturing reveals a different picture. A 2018 […]

Rupee Strengthens Against US Dollar: Key Factors Behind Rise

Rupee Strengthens Against US Dollar: Key Factors Behind Rise

Rupee Strengthens Against US Dollar: Indian rupee appreciated 16 paise to 85.41 against the US dollar on May 19 in early trading. The rupee appreciation was helped by a weakness in the dollar in foreign markets and strong foreign fund flows. Although rupee appreciation is good, dealers are guarded because of uncertainty in global economies and […]

Why Is the Rupee Rising? 24-Paise Jump to 84.33 Against Dollar

Why Is the Rupee Rising? 24-Paise Jump to 84.33 Against Dollar

The Indian rupee rising to 24 paise, closing at 84.33 against the US dollar on Monday is going viral everywhere. The rise was influenced by high foreign institutional investor (FII) inflows, and also a fall in crude oil, and upbeat domestic equities trend. Why Is the Rupee Rising? 1. Foreign Institutional Investor (FII) Inflows Overseas […]

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