JUNE 20, 2023 The exchange rate between the US Dollar(USD) and Indian Rupee(INR) is one of the most important rates in the world, and fluctuations in it can have a profound impact on the global economy. In this article, we will examine the factors that impact the value […]
Aug 4 – The rupee was near its record low on Thursday as traders took to the sidelines ahead of the Reserve Bank of India’s monetary policy decision. The partially convertible rupee eased 0.4% to 79.4650 per dollar, having tumbled to 79.8075 earlier in the day, its lowest […]
MUMBAI, Aug 2 – The Indian rupee forward premiums slipped from six-week highs as exporters sold dollars aggressively for maturities beyond six months. The July premium declined to 2.49 rupees from 2.53 in the previous session and the 1-year implied yield dropped to 3.21% from 3.24%. The rupee […]
The Indian rupee’s near-term fortunes may directly be influenced by the Reserve Bank of India’s intent on preventing any further depreciation in the currency as the surge in COVID-19 cases hits jobs and growth, economists and traders said. The rupee has already lost 2.6% against the dollar so […]
open view web desk NEW DELHI – India’s rupee is currently over-valued by 5-7 percent, a senior government adviser said on Tuesday, indicating that New Delhi is unlikely to support intervening in the market despite the currency shedding close to 7 percent against the dollar this year. The […]
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