Posted in Community :
Finance & Accounts
Indian Rupee vs. other currencies
Tags :
Indian currency strength
Industry :
Banking
Functional Area : India, Performance, Valuation |
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About "Indian Rupee vs. other currencies" topic:
A brief reviews on the fluctuations of Indian Rupees against other major currencies
1 trends
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on topic: "Indian Rupee vs. other currencies"
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2 July 2010: The rupee ended 14 paise lower against the dollar at 46.58/59 on fresh dollar demands from banks. The rupee opened lower at 46.68/69 on 1st July '10 against Wednesday's (30th June) closing level of 46.44/45. It dropped further to 46.79 before ending at 46.58/59. The rupee moved in a range of 46.49 and 46.79 intra-day. The Reserve Bank of India fixed the reference rate for the dollar at Rs.46.68 and for Euro at Rs.56.99. In cross currecny deals, the rupee improved further against the British Pound, but declined against the Euro and the Japanese Yen. - PTI
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Now that the Union Cabinet has approved the new symbol for the Indian Rupee designed by Indian Institute of Technology postgraduate D Udaya Kumar, the question in everyone's mind is how and when do we get to type the new symbol? This isn't going to happen overnight. It might take up to a year for the new Rupee symbol to be used throughout India and about two years for international acceptance. For widespread usage, the new symbol has to be accepted by the Unicode Consortium's Unicode Technical Committee that is responsible for the development and maintenance of the Unicode Standard, including the Unicode Character Database. India is a member of the Unicode Consortium and getting an approval...
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deepujacobgeorge
| Commented
| 1 year ago
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the symbol would come soon in the new computer keyboards..and in mobile phones.
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KALIYAMOORTHY
| Commented
| 1 year ago
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RBI, clearly, said that it approves the symbol & subsequently, will be sent to ministry for approval. Also,indicated that, it will not be used in the currency as USD & EURO are being used.Moreover, said ,fast effort will be taken to introduce it...
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RAMESH KANDADAI
| Commented
| 1 year ago
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slightly complicated symbol.....but should be ok once it comes in to use. As somebody has pointed out it has to be added to the symbol list.
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Insight: "How will you type the new Rupee symbol?" deleted from your view.
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Money as a means of payment, consists of coins, paper money and withdrawable bank deposits. Today, credit cards and electronic cash form an important component of the payment system. For a common person though, money simply means currency and coins. This is so because in India, the payment system, especially for retail transactions still revolves mainly around currency and coins. Here is an attempt to answer some of the Frequently Asked Questions on Indian Currency. A) Some Basics History of Coins / currency: I. Coins The first documented coinage seems to have started with 'Punch Marked' coins issued between the 7th-6th Century BC and 1st Century AD. The coinage can be classified into the f...
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Currency Derivatives - Currency Futures and Currency Options
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Dilip Raghuwanshi
| Added idea
"Currency Derivatives - Currency Futures and Currency Options"
| 1 year ago
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The Stock Market looks bouyant currently with the Sensex above 20k and Nifty trading back above 6k today. On the global front the Dollar looks to be consolidating and perhaps we will see demand for the Dollar against the Rupee in the New Year. ...
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Ideate: "Another Asset class for traders and investors." deleted from your view.
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Though we are not a corruption free country nor are we that developed, we do have a very strong cultural and traditional values blended with umpteen ethical values which makes us distinct, stupendous and one of the best societies to live in. truly this makes me proud to be an indian!
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