Under Pressure
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.
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.
Dollar imperialism is the force that backs Uncle Sam’s role as the world’s policeman, ensuring that the U.S. maintains its influence over global trade, finance, and geopolitics."
The minister said that a stable economy will propel India to become one of the top 3 economies in the world.
The US Dollar Index (DXY) has slipped below $100 for the first time after April 2022. When the Dollar Index falls, the Indian rupee appreciates and the dollar weakens, which is leading to increase in fund flows from FIIs and FPIs, SBI Securities said in a report.
Extending its losses for the third session, the rupee weakened by 8 paise to trade at fresh 3-month low of…
The rupee firmed 6 paise at 63.85 against the dollar in opening trade on Friday, maintaining its upward trend for…
The rupee depreciated by 16 paise to 64.22 against the US dollar in early trade at the interbank forex market…
The rupee advanced by another 11 paise to 63.67 against the dollar in early trade on Wednesday on increased selling…
Gold regained glitter on Thursday with the price rising by Rs 145 to Rs 30,620 per 10 grams, driven largely…
