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 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 rupee recovered by 17 paise to 64.87 against the dollar in early trade on Friday on mild selling of…
The rupee weakened by 30 paise to trade at a three-month low of 65.06 against the US dollar in opening…
Extending its losses for the third session, the rupee weakened by 8 paise to trade at fresh 3-month low of…
