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 US dollar fell against most other major currencies after former National Security Adviser Michael Flynn pleaded guilty to lying…
The US dollar traded mixed against other major currencies as investors pondered over the country’s economic growth data for the…
The rupee depreciated 10 paise to 64.51 against the US dollar in early trade on Wednesday at the interbank foreign…
The rupee dropped 14 paise to 64.72 against the US dollar on Friday after the American currency gained traction among…
The rupee on Thursday spurted 12 paise to 64.80 against the US currency after a rush of dollar supply. This…
