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.
Notably, the rupee dropped to 85.0650 against the US dollar in early trade, compared to 84.9525 on Wednesday.
The Indian rupee’s surge to a two-month high on Thursday signals a broader shift in the global economic landscape, influenced not just by domestic factors but by international dynamics as well.
The minister said that a stable economy will propel India to become one of the top 3 economies in the world.
It is not just Western sanctions on Russia that accelerated the trend to circumvent the dollar, but the strength of the currency in the past year has also posed a challenge.
The rupee recovered by 7 paise to 64.90 against the US dollar in opening trade on Wednesday at the forex…
The rupee edged marginally higher by 1 paisa to 65.19 against the US dollar in early trade ahead of the…
The rupee depreciated further by 4 paise to hit its four-month low of 65.21 against the US dollar in opening…
The rupee depreciated by 9 paise against the US dollar to 65.03 against in opening trade on Monday as the…
The rupee depreciated 3 paise to 64.96 against the US dollar in early trade on Friday at the forex market…
