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 on Tuesday climbed a bit to 64.17 against the dollar as the dust settled on the political landscape…
The rupee plunged 68 paise to 64.72 against the dollar on Monday after early trend suggested that the BJP and…
The rupee took a hit of 16 paise at 64.56 against the US dollar, unable to digest a negative set…
The rupee was up 6 paise at 64.39 against the dollar in opening trade on Monday, helped by stronger domestic…
The rupee depreciated by 6 paise to 64.44 against the dollar at the interbank forex market on Wednesday ahead of…
