Tag: rupee
Rupee weakens past 90/Dollar for the first time| Business News
The Indian Rupee weakened past the psychologically crucial 90 per US dollar mark on Wednesday, extending its rough patch as the weakness in trade and…
Hedging against Indian Rupee weakness turns costlier as 90/US Dollar looms| Business News
Hedging against the Indian Rupee’s weakness became costlier on Tuesday with the currency nearing the 90 mark, reflecting heightened concerns about further depreciation and expectations…
Rupee opens 0.4% stronger against US Dollar as RBI seen propping up currency| Business News
The Indian Rupee strengthened 0.4% against the US Dollar on Monday as the Reserve Bank of India intervened to prop up the local currency. The…
No anchor, rupee sinks to 89/dollar
The rupee hit its weakest level on record, depreciating past the psychologically significant 89 per dollar mark for the first time on Friday, before closing…
Exchange rate is not a policy tool to fight tariffs, RBI deputy governor says
The Indian rupee‘s exchange rate is not a policy tool to fight trade tariffs, a senior Indian central bank official said on Wednesday. The exchange…
A stable rupee vs dollar fuels speculation of RBI returning to old playbook| Business News
The Indian Rupee (INR) has barely budged against the US Dollar (USD) over the past three weeks, prompting some traders to speculate that the Reserve…
Rupee pushed to the front in cross border transactions
The central bank Wednesday proposed measures to push the use of the rupee in trades beyond home and make the currency more widely used in…