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 lost 20 paise to 65.36 against the dollar on Monday on fears that the tax rate decision of…
The US dollar ended lower against the rupee at Rs 64.94/95 per dollar and the pound sterling also finished lower…
The rupee dropped by 14 paise to 64.69 against the dollar at the interbank forex market on Monday amid fresh…
The rupee advanced 10 paise to 64.49 against the dollar today as the US Federal Reserve held off on rates…
The rupee weakened by 8 paise to 65.15 against the US dollar in early trade today at the Inter bank…
