cyprus turmoil affects rupee
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Cyprus turmoil affects rupee

Arab Today, arab today

Arab Today, arab today Cyprus turmoil affects rupee

Mumbai - Arabstoday

India's rupee dropped the most in two weeks as an unprecedented levy on Cyprus's bank savings threatens to throw Europe back into crisis. The rupee declined 0.3 per cent to 54.18 per dollar in Mumbai, the biggest drop since March 1, according to data. One-month implied volatility, a gauge of expected moves in the exchange rate used to price options, rose 25 basis points, or 0.25 percentage point, to 9.22 per cent. Euro-area finance ministers reached an agreement on March 16 forcing depositors in Cypriot banks to share in the cost of a bailout. While Cyprus accounts for less than half a percent of the 17-nation euro economy, the concern is that the one-time tax could trigger runs on lenders across Europe and further destabilize the financial system. India's bonds declined before the central bank's interest-rate review tomorrow. The Dollar Index, which tracks the greenback against six trading partners, climbed 0.5 percent. Indian companies are "quite happy" with the rupee at its current level of 54 to 55 per dollar, finance minister P. Chidambaram said in a March 15 interview in New Delhi. time of oman

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cyprus turmoil affects rupee cyprus turmoil affects rupee

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cyprus turmoil affects rupee cyprus turmoil affects rupee

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday