archivecurrency depreciation

Escalating tensions between Israel and Iran pushed global oil prices up, leading to a decline in the Indian currency and the nation’s equity markets. Major market benchmarks, the BSE Sensex and the NSE Nifty fell by afternoon trade despite a brief recovery run during brunch hours. The Sensex lost more than 346 points to hit a day low of 81.237.01 while Nifty shed 102 points to a low of 24750.45 so far. TCS, Hindustan Unilever, Adani Ports, Bajaj Finserv, NTPC, HCL Tech, and Tata Motors led the laggards in the...

A small country on the Mediterranean has the weakest currency in the world, with £1 equivalent to 120,900 in their currency. One Lebanese pound buys £0.0000083. This means that £1 is worth 120,900.70 Lebanese pounds.The country has a service-based economy, with the major sectors being metal products, banking, agriculture, chemicals, and transport equipment. The main growth sectors include banking and tourism. Lebanon also exports precious stones, metals, chemical products and food and drinks. The Lebanese pound (or lira) was formerly divided into 100 piastres, but because of high inflation during...

In a volatile trading session on Wednesday, the Indian stock markets concluded flat, continuing the trends seen in the previous day. Investor sentiment was affected by worries over overvaluation, tariff war threats, and currency depreciation. At the end of the session, the BSE Sensex was recorded at 74,029.76, a decline of 72.56 points or 0.10 per cent, while the Nifty of the National Stock Exchange fell by 27.40 points or 0.12 per cent to close at 22,470.50.On the NSE, significant gainers included IndusInd Bank, Kotak Mahindra Bank, Tata Motors,...