The rupee on Wednesday appreciated by 7 paise to settle at 71.24 against the US dollar following gains in the domestic equity market. Forex traders said rupee consolidated in a narrow range as market participants are assessing the economic implications of the coronavirus outbreak and awaiting cues from the Union Budget. … [Read more...] about Rupee settles 7 paise higher at 71.24 against US dollar tracking positive equities
Rupee can hit 100 a dollar
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The scale of the problem calls for a closer look at Ground Zero –the Hubei province. At $595 billion, the province made up about 4 percent of China’s GDP in 2018. Note that the Hubei province is an important center for industries such as metallurgy, automobiles, chemicals and optical electronics. The city of Wuhan constitutes about 1 percent of China’s global trade dynamics – both exports and imports. Historically, known a major automobile and logistic centre, in last few years the city is also fastly emerging as a hi-tech hub for the optics industry. … [Read more...] about The Corona virus scare: What’s in it for investors?