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Amidst rising concern over the increasing inequality, the country created a whopping 7,300 more millionaires during the 12 months to mid-2018, taking the total number of dollar-millionaires to 3.43 lakh, who are collectively worth around USD 6 trillion, says a report.

How many millionaires in India? Desi wealthy club adds 7,300, totalling 3.43 lakh

India for the first time was placed by the US in its currency monitoring list of countries with potentially questionable foreign exchange policies in April along with five other countries - China, Germany, Japan, South Korea and Switzerland.

Indian rupee finally gets some good news, courtesy US

The beleaguered Indian rupee managed to gain during the day against the US dollar but by the close ended up giving up all the gains by falling 13 paise to 73.61 on Wednesday.&nbsp;

Rupee vs dollar: Indian currency falls 13 paise to 73.61 ahead of FOMC minutes

During April-September 2018-19, exports recorded a growth of 12.54 per cent to USD 164 billion. Imports during the period rose by 16.16 per cent to USD 258.36 billion, leaving a trade deficit of USD 94.32 billion in the first half of the current fiscal.&nbsp;

India's exports enter negative zone, dip 2.1% in Sept

Rupee vs Dollar: India, which imports more than 80 percent of its oil imports, has been under pressure as crude oil prices have surged and its rupee currency has lost value.&nbsp;

Rupee on fire: PM Modi urges oil suppliers to review payment terms for relief

On Thursday, Seeking to calm the nerves of stock market investors, a top finance ministry official&nbsp;said that the government has a strategy in place to tackle weakening rupee and widening current account deficit (CAD).

Modi govt strategy in place to tackle weakening rupee, widening CAD

Despite a fall in the rupee, earnings of the export-led pharmaceutical sector are expected to remain muted in the July-September quarter, mainly due to the high base a year ago that resulted from the restocking after the implementation of goods and services tax.

Q2 earnings: Despite rupee boost, Pharma companies set to suffer; here is why

Besides, RBI's decision to inject Rs 12,000 crore liquidity into the system through purchase of government bonds on October 11 to meet the festival season demand for funds also supported the recovery in rupee, dealers said.

Indian Rupee rises from record low, recovers 23 paise against US dollar

Over the weekend China reduced its reserve requirement ratio by 100 basis points, or 1%, to support growth by infusing liquidity. RBI maintained a status quo on the rates it lends to banks for the same reason.&nbsp;

Unbelievable, but your rupee set to hit Rs 75 mark vs US dollar   

Global brokerage firm Nomura, in a research note, said, "The balance of payments (BoP) turning negative has led to a sharp depreciation in rupee in the past two months. With steep depreciation over the past two months, rupee is now the worst performing currency against the USD in Asia so far this year, down 13.4 per cent."

Indian rupee ends at fresh lifetime low of 74.39 against US dollar 

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Today, the rupee finished at 74.040 down by 0.065 or 0.09% against US dollar. However, in early hours of trading, the Indian rupee touched an all-time low of 74.165.&nbsp;

RBI walks the talk! Chooses CPI over weak rupee; is 75-mark soon-to-be reality? The case for domestic currency 

Indian rupee dropped by another 14 paise to 73.90 per dollar in early trade Monday in the wake of RBI&nbsp;signalling it is not going to be shoring it up. -&nbsp;the US currency has gained in global markets amid unabated foreign fund outflows.&nbsp;

&nbsp;

RBI no saviour, Rupee at 74 door against dollar in opening trade

The depreciation of the rupee has been beyond the most outlying expectations at the beginning of this year. While the valuations might suggest that the slide is overdone but global factors indicate that in the near-term rupee might come under further pressure.

Indian rupee plunge beyond most outlying expectations; further fall expected

The rupee skidded by 18 paise to finish at a fresh lifetime low of 73.76 against the US dollar Friday after the RBI unexpectedly kept the policy rate unchanged.

Rupee slumps to all-time low of 73.76 as RBI holds rate

How RBI scared Sensex, rupee virtually to death: 10 reasons why

Indian rupee touched an all-time low of 74.290 against the US dollar.&nbsp;

Massive free fall! Indian Rupee at all-time low, touches over 74-mark as RBI maintains status quo

With the Indian rupee under pressure for the past few months and declining to its lowest-ever levels, real estate players expect non-resident Indian, or NRI, investments in the sector to gain momentum.

Weak rupee to attract NRI investments into Indian real estate: Realty players

Reserve Bank of India (RBI) countered the rupee fall on Wednesday by allowing oil marketing companies (OMCs) to raise foreign loans to fund their working capital needs under the automatic route with immediate effect.

Indian rupee suffers big crude blow, RBI scrambles, orders risky move

A day after hitting an all-time low, the Indian rupee repeated the dose and started on a very dismal note on Thursday. The rupee hit a new low of 73.77 after it plunged 43 paise against US dollar.

Indian Rupee plunges to new all-time low of 73.77, sheds 43 paise against US dollar

indian-rupee

The rupee traded in a tight range and recovered from record-low levels last week. The domestic equity markets also gained last week, and the FPIs turned buyers in the domestic equity markets and supported the rupee.

Rupee opens 6 paise lower at 88.75/$ amid US-China trade war jitters

Analysts suggest the Indian rupee is expected to remain volatile this week due to various factors such as global financial market volatility, geopolitical tensions and the upcoming US non-farm employment data.

Rupee closes at 88.78/$, ends near record low

Analysts suggest solid FII outflows, a sharp hike in US H1-B visa fees and RBI limited intervention have impacted the rupee's depreciation.

Rupee under pressure for third day, hits record low at 88.79/$

Indian rupee closed down by 31 paise at Rs 88.13 per US dollar.

Rupee closes weaker, down by 31 paise against the US dollar

India’s currency is called the ‘Rupee’, but have you ever wondered why? The word comes from Sanskrit, meaning ‘coined silver’, but it was Sher Shah Suri who officially gave the Rupee its name in the 16th century. His reforms standardised the silver coin weighing 11.53 grams, setting the foundation for India’s modern currency. From Mughal emperors to the British, and finally independent India, the Rupee has carried forward its legacy to become a symbol of our economy and identity.

Why India’s Currency is Called ‘Rupee’ – The Story Behind the Name

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Indian Rupee

How many millionaires in India? Desi wealthy club adds 7,300, totalling 3.43 lakh

Indian rupee finally gets some good news, courtesy US

Rupee vs dollar: Indian currency falls 13 paise to 73.61 ahead of FOMC minutes

India's exports enter negative zone, dip 2.1% in Sept

Rupee on fire: PM Modi urges oil suppliers to review payment terms for relief

Modi govt strategy in place to tackle weakening rupee, widening CAD

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