Under Strain
The rupee drifting beyond the 90-per-dollar mark is not merely another data point in the market’s daily churn.
The rupee drifting beyond the 90-per-dollar mark is not merely another data point in the market’s daily churn.
Indian businesses and Firms would do well to reinvigorate the “Made In India” as a hallmark of unquestionable Quality, the report suggested.
Wall Street pundits and investors are schizophrenic about the dollar. The dollar weakened after Moody’s cut the US credit rating by one notch from Aaa (the highest rating — to Aa1, attributing the downgrade to the increasing fiscal deficit, as well as the rising interest rate costs on Federal government debt.
As the Indian rupee reached a record low of 87.58 to the dollar on Thursday, it finds itself at a critical juncture, navigating a sea of global and domestic pressures.
The latest statement by US President-elect Donald Trump demanding that Brics nations pledge not to create or support a new currency to challenge the American dollar reflects growing apprehension about dedollarisation.
Amid mixed global cues, the rupee opened 2 paise higher at 64.87 against the US dollar on Wednesday at the…
The rupee strengthened by 23 paise to 64.94 against the US dollar at the interbank forex market on Monday on…
The rupee depreciated 4 paise to 64.83 against the US dollar in opening trade on Tuesday at the forex market…
The rupee strengthened by 6 paise to 64.67 against the dollar at the forex market on Monday on fresh selling…
The US dollar climbed against most major currencies as the Federal Reserve’s latest report raised market expectations for more rate-hikes…
