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Tag: rupee

Where to invest and benefit from rupee depreciation: Dhirendra Kumar

Where to invest and benefit from rupee depreciation: Dhirendra Kumar

Finance
Go for an international fund or US-denominated fund and also domestic funds that are heavy on export businesses, Dhirendra Kumar, CEO, Value Research, tells ET Now.Edited excerpts:How can investors benefit from the rupee depreciation? Is it possible via mutual funds? Investors should not try to benefit tactically from rupee depreciation because the big rupee depreciation will happen when you least expect it and the reasons cannot be predicted. The long-term trend is that till we have the interest rate differential, our currency will depreciate over a long period of time. We are a growing economy and we will have inflation and that is why we will have higher interest rates. This is a given. But investors should be positioned to benefit from this long-term trend and there are ways t...
Petrol, diesel prices at highest-ever levels on rupee woes

Petrol, diesel prices at highest-ever levels on rupee woes

Finance
Petrol and diesel prices in the country touched their highest levels Monday mainly due to dramatic fall in rupee and a sharp rise in crude oil rates. Petrol price in Delhi rose to a record Rs 79.15 a litre and diesel climbed to a fresh high of Rs 71.15, according to price notification of state-owned fuel retailers. This follows ‎a 31 paise/litre hike in prices on Monday. Rates have breached the previous high of Rs 78.43 a litre hit on May 28. On that day, the rate in Mumbai was Rs 86.24 per litre. A litre of petrol in Mumbai costs Rs ‎86.56 on Monday. Prices in Delhi are the cheapest in all metros and most state capitals due to lower sales tax or VAT. Diesel rates on Monday were hiked by 39 paise a litre, the steepest increase since the daily revision in prices was introduced i...
New 100 rupee note could be violet in colour, says report

New 100 rupee note could be violet in colour, says report

Finance
The Dewas-based Bank Note Press has started printing the new 100 rupee note, according to a report published in Dainik Bhaskar. The new note is equipped with many micro-security features. The Reserve Bank of India (RBI) is expected to issue the new notes in August or September. The new 100 rupee note, which is violet in colour, won't affect the circulation of the old notes, the report added. The new note is slightly smaller in dimension than the old note but is larger than the new 10 rupee note. Banks may have to adjust the size of the cash tray of ATMs to accomodate the new note. The new note will have the impression of Gujarat's Rani ki Vav (Queen's stepwell), according to the report. Rani ki Vav, which is in Gujarat's Patan, is a UNESCO World Heritage Site. Let's block ads! (Why?) Per...