The Indian rupee declined to its weakest level on record on Monday, hurt by concerns about economic growth slowing to its ...
The Indian central bank was likely selling dollars on Monday to support the rupee, traders said, after the currency declined ...
A weaker rupee due to global factors and domestic economic conditions can have both positive and negative effects on India.
The dollar index was little changed at 106.5 after rising 0.4% on Wednesday, snapping a three-day losing streak, as investors pared hopes for aggressive Fed rate cuts and awaited more clarity on U.S.
“The Cabinet did note the disjointed issues that stems from it and the fact that legislation is needed to cure it, but it is not anything that is going to lead to any disruption,” Nicholas state ...
The Indian rupee was hovering near its all-time low on ... softening corporate earnings and a portfolio rebalancing push," DBS Bank said in a note. Foreign investors have net sold about $3 billion ...
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The Indian rupee slipped to a fresh ... into year-end,” ING Bank said in a note. The bank reckons the dollar index may consolidate in the 104.5-105.5 range before breaking higher. Meanwhile, ...
This trend reflects the overvaluation of Indian equities and disappointing Q2 earnings, CR Forex Advisors MD Amit Pabari said. "In the medium term, the rupee is expected to trade within the 83.80 ...
For Indian tourists, the Indian Rupee (INR) is stronger than several other currencies around the world. This financial advantage can make these destinations more affordable and provide an ...