Inflation
Posts
Why Indian rupee fell to all-time low vs US dollar today: 5 biggest reasons for INR’s plunge to record low Rupee at an all-time low vs US dollar: The Indian rupee on Thursday, 28 June 2018, collapsed to the all-time low value against the US dollar at the foreign exchange market and broke 69 per USD level for the first time in history. By: Abhijeet Singh and Porisma P Gogoi | Updated: June 28, 2018 5:43 PM The Indian rupee fell to all-time low value against US dollar on Thursday, 28 June 2018. (Image: Reuters) Rupee at an all-time low vs US dollar: The Indian rupee on Thursday, 28 June 2018, collapsed to the all-time low value against the US dollar at the foreign exchange market and broke 69 per USD level for the first time in history. The rupee has been mostly losing its strength against the US dollar since the beginning of February this year, the time when Union Finance Minister Arun Jaitley imposed LTCG on equities and global sell-off started due t
Essentials of a Good Average Explained! (i) Good Average should be based on all the observations: Only those averages, where all the data are used give best result, whereas the averages which use less data are not representative of the whole group. (ii) Good Average should not be unduly affected by extreme value: No term should affect the average too much. If one or two very small or very large items unduly affect the average, then the average cannot be really typical of the entire group. Thus extreme terms may distort the average and reduce its usefulness. As if in example given, we are to find average of 6, 8, 10, we get mean as 8, but if another item, having value 200 is taken, the average comes out to be 56. Hence it can’t be called a good average as with only one new item, it has increased from 8 to 56. (iii) Good Average should be rigidly defined: There should be no confusion about the meaning or description of an average. It must have a rigid or to the poin