Rupee-Dollar slips to all-time low on risk-aversion stoked by Greenland dispute| Business News

The Indian Rupee slipped to an all-time low against the US Dollar today as risk-aversion linked to the Greenland dispute compounded existing pressures on the currency. The rupee slipped past its previous record low of 91.0750/dollar at open, falling about 0.24% to 91.19 on the day. The rupee is the weakest currency in Asia, versus […]

India’s crude import cost slips below $60 a barrel| Business News

NEW DELHI: India’s average crude oil import cost fell below $60 a barrel on Monday, among the lowest it has been in five years despite global geopolitical upheavals and sanctions against three major crude oil suppliers—Iran, Russia and Venezuela. The daily average price of various crude grades (popularly known as Indian basket) dipped to $59.29 a barrel […]

Mercedes to hike vehicle prices by up to 2% from January as Rupee slips against Euro| Business News

Mercedes-Benz India on Friday said it will hike vehicle prices by up to 2 per cent from January in order to offset the impact of weakening rupee value against the Euro. Mercedes said that despite its aggressive localisation strategy, which continues to absorb the bulk of increased costs, a selective price adjustment has become essential […]

Rupee slips to new record low of 90.56/dollar as India-US trade talks drag on| Business News

The Indian Rupee declined to a record low on Friday, as investor sentiment on the currency remained bogged down by the absence of an India-US trade deal while likely portfolio outflows added to the pressure. The rupee weakened to 90.5175 against the US dollar, slipping past its previous all-time low of 90.4675 hit on December […]

Delhi’s Khan Market slips one spot globally but remains India’s costliest high street

Delhi’s Khan Market slipped one spot in global rankings this year, from 23rd to 24th, but retained its position as India’s most expensive high-street retail location, with rents rising 3% year-on-year to around ₹22,000 per sq ft per year ($223 per sq ft), according to Cushman & Wakefield’s flagship retail report, Main Streets Across the […]