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 edged up 3 paise to 64.02 against the dollar on Tuesday as the US currency lost some muscle…
The rupee rose 10 paise to 64.01 against the dollar on Thursday as the US Congress gave its final seal…
The rupee firmed up 4 paise to 64 against the dollar on Wednesday, taking cues from a higher opening in…
The rupee on Tuesday climbed a bit to 64.17 against the dollar as the dust settled on the political landscape…
The rupee plunged 68 paise to 64.72 against the dollar on Monday after early trend suggested that the BJP and…
