The Indian rupee has hit a historic low against the US dollar, crossing 90. This presents a significant opportunity for Non-Resident Indians (NRIs) to convert dollars to rupees, potentially gaining ...
The rupee ended flat on Tuesday, hemmed in by persistent dollar demand from local corporates and the non-deliverable forwards ...
A weaker dollar index and a fall in global crude oil prices cushioned against a steeper decline, according to forex traders.
Prof. Virender Koundal [email protected] The Indian rupee has entered a phase of sustained weakness, triggering ...
At the interbank foreign exchange, the rupee opened at 89.70 against the US dollar before dropping to record low level of 89.85 , down 32 paise from its previous close.
India's central bank intervened aggressively in currency markets on Wednesday, selling dollars to prop up the rupee, bankers ...
The rupee’s fall reflects a convergence of factors—a strong global dollar cycle, foreign capital outflows, and a high import ...