Rupee plunges to all-time low, breaches 78/$1 level for first time

Rupee plunges to all-time low, breaches 78/$1 level for first time | Economic Times

Rupee plunges to all-time low, breaches 78/$1 level for first time https://ift.tt/FoceCMl partially convertible rupee weakened past the 78/$1 mark for the first time ever and was last trading at 78.2130/$1. The Indian currency had settled at 77.8325/$1 on Friday. “Rupee to trade in a range of 77.80 to 78.20 as US inflation comes higher at 8.3 per cent making the expectation of a 75 basis point hike in September a reality,” Finrex Treasury Advisors Head of Treasury Anil Kumar Bhansali said.

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What happens if husband dies without a will | Economic Times

Given the uncertainty of life in the face of Covid-19, it is advisable to write a will if you have assets and want to pass them on to your family members smoothly. However, the urgency and importance of a will and nomination are not fully realised because no one believes it will happen to them.Especially vulnerable are dependants like children and homemaker spouses, who have stayed away from the entire process of financial transactions and wealth management. Women are typically unaware of their legal rights regarding property, let alone know how to access it. What should they do if their husbands die suddenly without a will? How is his property distributed and does it differ for women of different religions?1. Assets distributed as per law based on religionIf the husband dies intestate, i.e., without a will, the assets are distributed as per the law based on his religion. For Hindus, Jains, Buddhists and Sikhs, the distribution is governed by the Hindu Succession Act, 1956, and the Hin...

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