Tag: us dollar
RBI working to provide avenues to Russian trade counterparts for INR use
Mumbai: The Reserve Bank of India (RBI) is working on providing more avenues for the usage of Indian rupee (INR) accumulated by the Russian trade…
Forex reserves decline by $12 billion as volatility hits asset valuations
MUMBAI: India’s foreign exchange reserves fell sharply in the week ended March 6, reflecting increased currency market volatility and valuation changes amid global geopolitical tensions….
India’s forex reserves swell by $8.66 bn to hit an all-time high of $725.7 bn
India’s foreign exchange reserves rose by $8.66 billion from a week earlier to hit an all-time high of $725.727 billion in the week ending February…
Futures breach ₹3 lakh per kg on strong global cues| Business News
Silver prices in India surged sharply on Monday, breaching the ₹3 lakh per kilogram mark in futures trade for the first time, buoyed by strong…
Rupee hits new all-time low of 90.72 vs Dollar with India-US trade deal in limbo| Business News
The Indian rupee fell to a new record low on Monday against the US dollar as uncertainty continues to surround a India-US trade deal and…
Not losing sleep over falling rupee against dollar, expects improvement next year: CEA
Chief Economic Adviser V Anantha Nageswaran on Wednesday said the government is not losing sleep over the declining rupee, which has breached the 90-level against…
1 USD costs over INR 90: India rupee hits record low. What led the fall today?
Amid the delays of a trade deal between India and the United States, the Indian rupee continues the weaken and reached a record low of…
Policymakers count the costs as rupee breaches 90/dollar barrier: Here is what could be in store for India now
The rupee sank to a record low against the US dollar on December 3, briefly breaching the psychological 90 mark before settling just below it….
Rupee depreciation against major world currencies good for economy: Rajiv Kumar
The rupee depreciation against major world currencies is good for the economy as it encourages labour-intensive exports from India, increases foreign exchange earnings and generates…
Dollar dominance unlikely to change in near future: Gita Gopinath
Gita Gopinath, former IMF Chief Economist and Deputy Managing Director, now back again at Harvard as a Professor, believes dollar dominance is unlikely to change…