Ad
related to: 20% of 29.99 usd price in inr exchange rate history
Search results
Results From The WOW.Com Content Network
Foreign-exchange reserves is generally used to intervene in the foreign exchange market to stabilize or influence the value of a country's currency. Central banks can buy or sell foreign currency to influence exchange rates directly. For example, if a currency is depreciating, a central bank can sell its reserves in foreign currency to buy its ...
The national economy contracted in July 1991 as the Indian rupee was devalued. [29] The currency lost 18% of its value relative to the US dollar, and the Narsimham Committee advised restructuring the financial sector by a temporal reduced reserve ratio as well as the statutory liquidity ratio. New guidelines were published in 1993 to establish ...
The Indian rupee rose to an 11-month high of 58.62 against the US dollar and closed at 58.79. [295] Deutsche Bank revised its December 2014 target for the Sensex to 28,000, and Macquarie revised its 12-month target for the Nifty to 8,400 from 7,200. Edelweiss set its December 2014 targets for the Sensex and Nifty at 29,000 and 9,000 ...
[192] [193] Mugabe pointed to foreign governments and alleged "sabotage" as the cause of the fall of the Zimbabwean economy, as well as the country's 80% formal unemployment rate. [194] Inflation rose from an annual rate of 32% in 1998, to an estimated high of 11,200,000% in August 2008 according to the Central Statistical Office. [195]