Page 3 - Money

Rupee tumbles 5 paise to 82.29 against US dollar in opening trade

The rupee after opening on a positive note, pared the gains and slipped 5 paise to 82.29 against the US dollar amid high volatility in early trade on Friday. At the interbank foreign exchange, the domestic unit opened at 82.26 against the dollar, then touched 82.12, registering a gain of 12 paise over its previous close. In initial trade, the rupee also touched 82.29 against the American currency. On Thursday, the rupee had settled at 82.24 against the greenback. "Dollar strengthened immediately post the CPI print but saw a massive reversal on short covering in majors," IFA Global Research Academy said in a research note, adding the US headline September CPI came in higher than expected at 8.2 per cent year-on-year (0.4 per cent MoM) against 8.1 per cent yoy (0.2 per cent month-on-month). Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.08 per cent to 112.27. Brent crude futures, the global oil benchmark, fell 0.13 per c

US dollar surges to new 24-year high versus yen; sterling rallies

The dollar climbed to a fresh 24-year peak versus the yen on Wednesday, holding above levels that prompted intervention by Japanese officials last month

Dollar gains on rate-hike fears, yen flirts with intervention levels

The dollar loomed large over fragile financial markets, with worries about rising interest rates and geopolitical tensions, while the yen was testing levels that have prompted official intervention

ArcelorMittal Nippon Steel India joins race to buy Srei group firms

Sources close to the development said whether new participants who were not part of the original list of EOI would be allowed will have to be evaluated

State of the Indian economy: Unequal, uneven distribution of wealth

The income gap between states is growing and the pain of inflation is worse for those falling behind

Chile: Man, who got paid 286 times his salary, resigns and disappears

To retrieve the money, the company has now reached out to various agencies and registered a complaint against the employee

Collective wealth of top 500 billionaires soared more than $1 trn in 2021

The gains mean there are now a record 10 fortunes in excess of $100 billion, more than 200 above $10 billion

Excess money in cash ledger refundable even two yrs after paying GST: CBIC

Decision will ease cash flow of companies as govt lifts time bar. Earlier, assessees could not take refund of this money after two years

Apple offers 20% bonus in India for adding money to Apple ID

Users are being notified about a 20 per cent bonus when adding funds to an Indian Apple ID account, citing a developer on Twitter

Fall in travel, an unequal regulatory regime hit fortunes of money changers

The money-changing business was by no means booming before the pandemic; it has been evident for some time now that technology will reshape the business

FINANCIAL FREEDOM, AS THE TOP-NOTCH TRADER ANISH SINGH THAKUR SUGGESTS IS THE NEED OF THE HOUR FOR THE YOUTH

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Because it's your money, not mine

The next time you invest with a fund house do inquire if the portfolio manager has skin in the game

Use real-life lessons to teach kids about savings and investments

A child should understand that earning money is essential

Time value of money

Three reasons may be attributed to the individual's time preference for money - risk, interest earning potential and preference for consumption.

Printing more money isn't the answer to all economic issues

The 2008 recession shook the economic world. Our theories need more work

Demonetisation blues: Turmoil in realty, gold loses sheen, markets hit hard

Expect more volatility in the coming year as the economy and markets price in demonetisation drive

Indian money in Swiss banks dips 33% to Rs 8,392 cr

The funds held by Indians with Swiss banks stood at a record high of CHF 6.5 billion (Rs 23,000 crore) at 2006-end