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 rupee strengthened by 23 paise to 64.94 against the US dollar at the interbank forex market on Monday on…
The rupee depreciated 4 paise to 64.83 against the US dollar in opening trade on Tuesday at the forex market…
The rupee strengthened by 6 paise to 64.67 against the dollar at the forex market on Monday on fresh selling…
The US dollar climbed against most major currencies as the Federal Reserve’s latest report raised market expectations for more rate-hikes…
The rupee recovered by 17 paise to 64.87 against the dollar in early trade on Friday on mild selling of…
