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 recouped by 6 paise to 63.45 against the US dollar in early trade On Tuesday on fresh selling…
The rupee strengthened by 11 paise to trade at 63.26 against the US dollar in opening session on Monday on…
The Reserve Bank of India on Thursday fixed the reference rate of the rupee at 63.3914 against the US dollar…
The rupee weakened by 8 paise to trade at 63.61 against the US dollar in opening session on Thursday due…
The rupee edged higher by five paise to trade at 63.82 against the US dollar on the first trading day…
