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 firmed up 5 paise to 65.06 against the dollar on Tuesday, set off by fresh selling of the…
The rupee depreciated by 5 paise to 65.06 against the dollar on Monday after renewed demand for the US currency…
Oil prices rebounded on Friday, but posted weekly losses amid concerns about oversupply, a media report said. Oil prices have…
The rupee came under pressure against the dollar on Thursday slipping 11 paise to 65.32 after upbeat economic data bolstered…
The US dollar rose against most major currencies as investors digested major economic data. In late New York trading on…
