Govt efforts will help rupee appreciate against dollar: Piyush Goyal
The minister said that a stable economy will propel India to become one of the top 3 economies in the world.
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 Indian rupee came down against the US dollar on Monday, crossing the Rs 81 mark vis-a-vis a dollar.
The rupee on Monday ended 31 paise lower at 82.78 at the interbank foreign exchange market. The Indian currency opened 10 paise higher at 82.57 on the support of easing crude oil prices and touched a high of 83.01 during intraday trade.
India's foreign exchange reserves during the week that ended on October 14 fell to an over two-year low of USD 528.367 billion, a drop of USD 4.5 billion from the previous week.
The US dollar ended lower against the rupee at Rs 64.94/95 per dollar and the pound sterling also finished lower…
The rupee dropped by 14 paise to 64.69 against the dollar at the interbank forex market on Monday amid fresh…
The rupee advanced 10 paise to 64.49 against the dollar today as the US Federal Reserve held off on rates…
The rupee weakened by 8 paise to 65.15 against the US dollar in early trade today at the Inter bank…
The rupee strengthened by 11 paise to 64.91 against the dollar in early trade on Tuesday at the Interbank Foreign…
