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 took a hit of 16 paise at 64.56 against the US dollar, unable to digest a negative set…
The rupee was up 6 paise at 64.39 against the dollar in opening trade on Monday, helped by stronger domestic…
The rupee depreciated by 6 paise to 64.44 against the dollar at the interbank forex market on Wednesday ahead of…
The rupee strengthened by 15 paise to 64.22 against the dollar at the interbank forex market on tuesday on increased…
The rupee was trading down by 3 paise at 64.49 against the US currency in early trade on Monday at…
