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US stocks hit new records; weak British data hits pound

 US stocks resumed their upwards push Friday, while the British pound retreated after weak economic data revived talk of monetary stimulus.

Fall in British currency makes holiday in UK cheaper for Indian travellers

Fall in British currency makes holiday in UK cheaper for Indian travellers

Zee Media Bureau

New Delhi: As a direct fallout of brexit on the British currency, tourism packages to the United Kingdom have become cheaper in India.

The value of pound sterling vis-a-vis Indian rupee has fallen to Rs 87.30 against Rs 101 of pre-brexit period.

Brexit woes drag Britain's pound to 31-year low

Brexit woes drag Britain's pound to 31-year low

The pound tumbled to a new 31-year low on Wednesday, dipping below $1.28 at one point before recovering a little, as investors shunned the currency after Britain`s vote to leave the European Union.

Brexit not all bad for Indians: Falling Pound to create travel, investment opportunities in UK

Brexit not all bad for Indians: Falling Pound to create travel, investment opportunities in UK

The weakening of British pound is seen as positive by the travel agents and realty consultants in India who facilitate overseas transactions, and expect more of Indians travel to the UK on leisure tourism or investment in the property market there.

Sterling, stocks skid as Brexit result agonisingly close

Carnage came to world markets on Friday as early voting returns suggested Britain was on the brink of leaving the European Union, threatening the existent of the entire bloc and its single currency.

US dollar rises amid upbeat data

US dollar rises amid upbeat data

 The US dollar increased against other major currencies as the economic data from the country came out better than expected.

Dollar drops after disappointing US jobs report

The dollar tumbled against other major currencies Friday, driven lower after a surprisingly weak US jobs report cast doubt on the vigor of the nation`s economic recovery.

Euro rallies after German central banker`s comments

The euro reached two-year highs against other major currencies on Friday after hawkish comments by a German central banker.

British pound slips below 100-level against Rupee

Rupee had first slipped below 100 level against the pound for the first time on August 20 and had went on to touch an all time low of 106 on August 28.

Britain mulls issuing plastic currency notes

Understandably, the plastic banknotes will be resistant to dirt and moisture, and are safe and more durable.

Rupee breaches new low of 103-level against Pound

The rupee slipped below the 103-level to touch a new bottom of Rs 103.29 against the British pound Tuesday amid sharp plunge in equities and fresh investor concerns over foreign capital outflows.

The fallacy of 'dollar = rupee' in 1947

There are also enough indicators where a case can be made that we have not done as well as we should have.