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.
The rupee recovered by 17 paise to 64.87 against the dollar in early trade on Friday on mild selling of…
The likelihood of interest rate increase by the United States Federal Reserve ~ as hinted at in its latest minutes…
The rupee weakened by 30 paise to trade at a three-month low of 65.06 against the US dollar in opening…
Extending its losses for the third session, the rupee weakened by 8 paise to trade at fresh 3-month low of…
The rupee firmed 6 paise at 63.85 against the dollar in opening trade on Friday, maintaining its upward trend for…
