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Depreciation Below

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President Rajapaksa still in Sri Lanka: Parliament Speaker

Speaker of Sri Lanka's Parliament Mahinda Yapa Abeywardena on Monday clarified that Gotabaya Rajapaksa is still in the country, soon after reports emerged that President has left the island nation.......

Rupee steady versus dollar, but loses ground against euro, pound in 2025

The rupee has held its ground against the US dollar in the 2025 calendar year so far, but depreciated significantly against the euro and pound. Illustration: Dominic Xavier/Rediff It fell by 6.83......

Rupee may depreciate to 84.5 against US dollar by end of December

The Indian rupee is likely to depreciate further against the US dollar through the end of 2024. Illustration: Dominic Xavier/Rediff.com This is due to the continued strengthening of the......

RBI Forex Intervention Hits Highest In 17 Years

In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per......

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January–March quarter of 2024-25, owing to......

RIL to pump Rs 1.5 trn into petro, new energy

Mukesh Ambani-led Reliance Industries Ltd (RIL) plans to invest Rs 75,000 crore ($9 billion) each into its new energy business and petrochemical expansion, according to a company presentation. In......

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