![]() That is, 100 rupees is equivalent to 3,849 tugriks in Mongolian currency. With the FDIC insuring deposits up to $250,000 and Silicon Valley Bank being one of the leading banks for public and private companies in the technology and biotech sectors, many could be impacted by their uninsured deposits becoming unavailable. Compared to the Indian currency, the rupee, the Mongolian Tigris exchange rate is 38.49. The company has struggled to raise additional capital, and concerns of cash burn and liquidity sent shares of the bank down significantly on Thursday and Friday before the stock was halted. Although you never get the inter-bank exchange rates, example amounts you would receive are shown for your convenience. The Federal Deposit Insurance Corporation (FDIC) was named as receiver for the bank. Compare Indian Rupee Exchange Rates (INR) This handy page allows you to compare Indian Rupee exchange rates against other worldwide currencies using live interbank rates. The currency you should take into India, is its official currency, the Indian rupee (INR). What Happened: Silicon Valley Bank was closed Friday by the California Department of Financial Protection and Innovation. Here’s a look at one of the biggest companies impacted and others who have publicly shared their relationships or could have ties to the struggling bank. ![]() The collapse of SVB Financial Group (NASDAQ:SIVB) could have a ripple effect on the technology and biotech industries, the two largest sectors that had deposits and financial relationships with the company’s Silicon Valley Bank.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |