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.
The rupee edged higher by five paise to trade at 63.82 against the US dollar on the first trading day…
The US dollar declined against other major currencies as investors feared the dollar might face headwinds next year. In late…
The rupee edged up 3 paise to 64.02 against the dollar on Tuesday as the US currency lost some muscle…
The rupee rose 10 paise to 64.01 against the dollar on Thursday as the US Congress gave its final seal…
The rupee firmed up 4 paise to 64 against the dollar on Wednesday, taking cues from a higher opening in…
