Rupee falls to all-time low against US dollar
Notably, the rupee dropped to 85.0650 against the US dollar in early trade, compared to 84.9525 on Wednesday.
Notably, the rupee dropped to 85.0650 against the US dollar in early trade, compared to 84.9525 on Wednesday.
The African Development Bank (AfDB) released about 511 million US dollars to finance four government programmes in Niger, an AfDB official said Sunday.
The Indian rupee’s stability, despite external pressures from weak Asian currencies and rising US bond yields, highlights a nuanced approach by the Reserve Bank of India (RBI) in managing the currency.
The Indian rupee’s slide to a record low against the US dollar underscores the complex interplay of domestic and global economic factors that influence currency valuation.
The former Union minister said neither Prime Minister Narendra Modi nor any BJP member is speaking up about this depreciation.
The rupee opened a shade lower at 70.19 a dollar against the previous close of 70.18 a dollar.
Apart from export-oriented IT and pharma stocks all other sectors ended in the green, both on NSE and BSE.
Three-fifths of Nepal’s trade deficit is accounted for by India. This dependence is the primary reason why Nepal pegs its…
Investors kept a close watch on whether Democrats will claw back control of the US House of Representatives and Republicans will hold on to its Senate majority.
The domestic currency was at 72.97 to a US dollar, from its Monday's close of 73.12.
