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.
Subdued sentiments in domestic equity markets also influenced the trading pattern in the currency market, forex traders said. However, a weak dollar against major currencies overseas restricted the rupee's fall, they added.
Forex dealers said the selling of the American currency by exporters and gain in other Asian currencies also supported the rupee.
The rupee had settled at 69.65 against the US dollar Monday.
Forex traders said investors welcomed the RBI policy decision as this would help to boost the slowing economy.
On Thursday, the rupee had settled at 69.87 against the US dollar.
