Search results
Results from the WOW.Com Content Network
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
Officially, the Indian rupee has a market-determined exchange rate. However, the Reserve Bank of India trades actively in the USD/INR currency market to impact effective exchange rates. Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate.
Example of GNP-weighted nominal exchange rate history of a basket of 6 important currencies (US Dollar, Euro, Japanese Yen, Chinese Renminbi, Swiss Franks, Pound Sterling Bilateral exchange rate involves a currency pair, while an effective exchange rate is a weighted average of a basket of foreign currencies, and it can be viewed as an overall ...
The S&P 500 has rallied during the course of the week yet again to continue the overall uptrend that we have been in.
Stock markets continue to struggle a bit as global conditions deteriorate. We continue to see massive swings in both markets, and this of course means that caution is advised.
The S&P 500 has hit all-time highs yet again during the course of the week, breaking towards the 4600 level. S&P 500 Weekly Price Forecast – Stock Markets Hit All-Time High Yet Again Skip to ...
The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the "external rupee") to hinder the smuggling of gold. [14] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai riyal was established to provide economic ...
The US stock markets initially tried to rally during the course of the trading session on Wednesday but gave back the gains to show signs of weakness.