depreciation

Reliance Industries Ltd. (RIL) reported that its first quarter consolidated net profit dropped 10.8% to ₹16,011 crore from ₹17,955 crore in the year-ago period on account of a 46% increase in finance cost and 31.7% rise in depreciation.The…

An undated image of a goldsmith showing a necklace to a customer. — AFP/FileKARACHI: The rates of gold edged up slightly as the prices in the international market also saw a minor increase while the rupee fell against the dollar on…

Reliance Industries (RIL) has posted an 18.3 per cent jump in its profit after tax to ₹21,327 crore for the quarter ended March 31, 2023, against ₹18,021 crore in the year-ago period. FILE PHOTO: Labourers rest in front of an…

The information technology (IT) services sector in India is expected to see a decline in revenue growth by 700-900 basis points (100 basis points is equal to 1 percentage point) amounting to 10-12% in fiscal 2024 amid global macroeconomic…

India’s forex reserves slid by $325 million to $560.94 billion for the week ended February 24, data from the Reserve Bank of India (RBI) showed on Friday. India's reserves have seen negative movement for the fourth straight week.India's…

The Indian rupee may remain under depreciation pressure on account of plateauing of exports and subsequent widening of the current account deficit, said the Economic Survey 2022-23 tabled in Parliament on Tuesday. It said the "risks to…

The Indian economy is likely to clock a GDP growth of just 5.8% in the second quarter of this year The Indian economy is likely to clock a GDP growth of just 5.8% in the second quarter of this year, State Bank of India (SBI) economists…

A re[resentational image of gold jewellery. — AFP/FileKARACHI: The gold price in Pakistan extended gains from last week as the continuous depreciation rupee against the US dollar boosted the appeal of the safe-haven asset.Data…

MUMBAI: RBI governor Shaktikanta Dason Wednesday appealed to all to look at currency depreciation sans emotions, asserting that the rupee has behaved orderly since the current geopolitical crisis. In remarks that came amid a heated debate…

The Indian rupee, thanks to the depreciation it has suffered in the past few months, is in the news once again. But is the weakening of domestic currency a harbinger of bad news or good news on the economic front?Any currency depreciation,…