BJP govt responsible for rupee depreciation against US dollar: Selja
The former Union minister said neither Prime Minister Narendra Modi nor any BJP member is speaking up about this depreciation.
The former Union minister said neither Prime Minister Narendra Modi nor any BJP member is speaking up about this depreciation.
India’s external debt rose by $4.7 billion in the April-June quarter to touch the USD 629.1 billion mark, although the…
Afghanistan's central bank Da Afghanistan Bank (DAB) sold $14 million by auction on Sunday to stabilise the exchange rate of the national currency afghani, the bank said in a statement released here on Sunday.
According to RBI's latest data, India's foreign currency assets, the biggest component of the forex reserves, fell by USD 4.38 billion to USD 509.691 billion.
The Pakistani rupee (PKR) has continued a speedy crash against the US dollar with another big fall as the greenback was traded at a record high price of 276.58 PKR in the interbank market.
The domestic currency was at 72.97 to a US dollar, from its Monday's close of 73.12.
Forex traders said increased demand for the US currency from importers and concerns around the rift between the government and the RBI weighed on the local unit.
Meanwhile, Brent crude, the international benchmark, was trading 0.71 per cent down at USD 76.79 per barrel.
The Indian rupee closed at Rs 73.46 to a US dollar on Friday, weakening by 14 paise from its previous week's close of 73.32.
At the Interbank Foreign Exchange, the rupee opened on a weak note at 73.44 and further slipped to hit an intra-day low of 73.47 against the US currency.