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 strengthened by 20 paise to 64.04 against the dollar at the interbank forex market on Wednesday on fresh…
The rupee depreciated by 16 paise to 64.22 against the US dollar in early trade at the interbank forex market…
The rupee depreciated by another 16 paise to 64.18 against the dollar in early session at the interbank foreign exchange…
The rupee weakened by 9 paise to 63.67 against the US dollar in opening trade at the interbank foreign exchange…
The rupee depreciated by 8 paise to 63.68 against the US dollar in early trade on Wednesday on month-end dollar…
