Tag: us dollar
Forex reserves record biggest weekly drop as RBI moves to support Rupee
MUMBAI: India’s foreign-exchange stockpile shrank the most on record last week, surpassing the absolute decline last seen during the peak of the global financial crisis,…
Strong US dollar, domestic sell-off push rupee to all time low of 84.50
Indian rupee depreciated eight paise on Thursday to settle at an all-time low of 84.50 against the US dollar. The currency was dragged down by…
With growing economy, India has 4th largest forex reserves after China, Japan, Switzerland
With its growing economic strength, India has achieved the significant feat of joining the ranks of the world’s largest foreign exchange reserves, securing the 4th…
Gold prices drop 0.48% a day before Dhanteras, US dollar rise and macro data contribute to decline
Oct 28, 2024 10:32 AM IST Spot gold prices declined by 0.48% to ₹77,622.00 per 10 grams around 10 am IST on Monday, October 28,…
forex reserves: India’s forex reserves touch a fresh high of $674.9 bn as of Aug 2
The Reserve Bank of Indias’ foreign exchange reserves touched a fresh high of $674.9 billion in the week ended 2nd August, central bank data showed….
Sri Lanka not averse to using Indian rupee as common currency: President Wickremesinghe
COLOMBO: Sri Lanka would want to see the Indian rupee used as much as the US dollar, President Ranil Wickremesinghe has said, days ahead of…
US Dollar: Indian importers must hedge near-term exposures on USD rally risk – analysts
Indian importers should hedge their near-term foreign currency payments on expectations that the US dollar will rally in the next quarter on the back of…
Rupee rises 18 paise to 81.93 against US dollar in early trade
The rupee gained 18 paise to 81.93 against the US dollar in early trade on Thursday tracking the broad weakness of the American currency in…
Pakistan rupee falls all-time low against US dollar
The Pakistani rupee sank to ₹287.29 against the US dollar, a record low on Tuesday as the cash-starved country struggles to unlock critical International Monetary…
Rupee falls 42 paise to 82.50 against US dollar in early trade
The rupee depreciated 42 paise to 82.50 against the US dollar in early trade on Monday, weighed down by a strong American currency and a…