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 depreciated by 16 paise to 64.22 against the US dollar in early trade at the interbank forex market…
The rupee advanced by another 11 paise to 63.67 against the dollar in early trade on Wednesday on increased selling…
Gold regained glitter on Thursday with the price rising by Rs 145 to Rs 30,620 per 10 grams, driven largely…
The rupee edged higher by five paise to trade at 63.82 against the US dollar on the first trading day…
The US dollar declined against other major currencies as investors feared the dollar might face headwinds next year. In late…
