Name: Rupee falls to record low hurt by likely outflows, importer dollar demand
Uploaded: 2024-06-20T09:03:53-04:00
Duration: 5 min
Description: By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee fell to a record low on Thursday, pressured by likely outflows and strong dollar demand from local importers. The currency declined to a lifetime low of 83.6650 against the U.S. dollar in the latter half of the trading session and ended at a record closing low of […]

Tag: importer

Rupee falls to record low hurt by likely outflows, importer dollar demand

By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee fell to a record low on Thursday, pressured by likely outflows and strong dollar demand from local importers. The currency declined to a lifetime low of 83.6650 against the U.S. dollar in the latter half of the trading session and ended at a record closing low of […]

Rampant speculation of blacklisted Huawei becoming China’s largest beef importer stems from an odd payment method for telecom equipment

Credit: Shutterstock A wave of speculation has hit the internet in China, suggesting that the heavily sanctioned Chinese electronics manufacturer Huawei has become China’s largest beef importer due to payments it received from Argentinian clients made in beef instead of cold, hard cash. Whether the new ranking is true or not has proven difficult to […]