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DOLLAR PARITY
Kotak warns of massive fuel under-recoveries despite recent Rs 3/litre price hikeFuel prices in India could see a significant increase. State-run oil companies may have to raise petrol and diesel rates further if crude o...
The 2013 ghost returns: Will higher gold duties actually restrict imports or just fuel the grey market?India’s shock hike in gold and silver import duty to 15% has revived memories of the 2013 crisis. While the move aims to curb dollar outflo...
Why gold’s Rs 10,000 spike after import duty increase is a one-off moveGold and silver prices staged a sharp comeback on Wednesday, with MCX futures for both metals surging nearly 6% in a single session after t...
Elon Musk vs Sam Altman heads to court in blockbuster AI showdown with billions at stakeA major legal battle begins this week in California. Elon Musk is suing Sam Altman and OpenAI. The case centers on OpenAI's shift from a no...
Euro strikes fresh 20-year low as eurozone economy shrinks againThe single currency tumbled to $0.9901 but later clawed back losses to return close to parity with the dollar in afternoon trading.
Why Euro’s slide towards dollar parity mattersOn Wednesday, it slumped to as low as $0.9998 and is down almost 12% so far this year. It started the year on a strong note before the war ...
Euro falls below dollar parity for first time since 2002Europe's single currency started this year on a strong note given a post-pandemic economic recovery. But Russia's invasion of Ukraine, surg...
Euro comes a whisker off parity vs dollar, at new 20-year lowThings sure are looking messy out there right now, especially in 'Forex Land' where the Euro is within a hair’s breadth of trading at parit...
The consequences of the euro's fall to dollar parityNow, more euros are needed to pay for an equivalent amount of goods in dollars. It will dampen European tourism to the United States in par...
Euro drops to 20-year low, approaches parity with dollar"The most proximate concern for markets is whether or not Nord Stream 1 is going to come back online," said Bipan Rai, North American head ...
Euro on thin ice ahead of U.S. labour data"Europe is exposed to large risks around energy dependency, a cost of living crunch on the consumer, and fragmentation risk. This spells eu...
Petrol & diesel prices reviewed on fortnightly basis: PK Goyal, IOC"We are not ruling out the price increase, but we will take a decision at an appropriate time."
- ET explains the concept of purchasing power parity
India overtook Japan in 2011 to become the world's third largest economy in purchasing power terms. ET explains the concept of purchasing p...
- Cairn India is a great buy: Prakash Diwan, Asit C. Mehta Investment Intermediates Ltd.
It is a winner in the hands of the Vedanta Group and they will definitely turn it around in terms of efficiency and also move it further up.
- Euro could reach parity with dollar: German economist
Battered by the Greek fiscal crisis, the euro could weaken to the point of parity with the US dollar, a top German economist said Sunday, a...
- Canadian dollar equals US dollar
The Canadian dollar rose 1.0002 US dollar, before retreating to 99.81 US cents in New York. It has soared 62 per cent from a record low of ...
- Strong Re: Hotels rethink dual tariff
Revenue drain has forced hospitality majors to roll out single-currency pricing in Rupee rate.