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 weakened by 9 paise to trade at 63.67 against the US dollar in opening session at the interbank…
The rupee gained 22 paise to 63.47 against the US dollar in the early session on Thursday on increased selling…
The rupee advanced by another 11 paise to 63.67 against the dollar in early trade on Wednesday on increased selling…
The rupee edged up 5 paise to trade at 63.82 against the US dollar in early session at the interbank…
The rupee weakened by 3 paise to 64.07 against the US dollar in opening trade on Wednesday on some demand…
