Rupee Falls to 85.96 vs Dollar as Crude Surges, But Recovery Expected by Year-End
The Indian rupee slipped 37 paise to close at 85.96 against the US dollar on Thursday, driven by increased demand from importers and foreign banks, as well as a jump…
Rupee Slides for Fourth Straight Session to 86.71 Amid Global Trade Turmoil
The Indian rupee extended its losing streak to a fourth straight session on Wednesday, settling 45 paise lower at 86.71 against the US dollar. The slide came despite falling crude…
RBI Can Spend Up to $30 Billion to Defend Rupee, Says German Brokerage
Amid pressure on the rupee, a German brokerage has suggested that the Reserve Bank of India (RBI) can utilize up to USD 30 billion from its impressive forex reserves, which…
Indian Rupee Hits Lifetime Low of 83.29 Against US Dollar
Indian Rupee Depreciates to Lifetime Low of 83.29 Against US Dollar The Indian rupee faced a fourth consecutive day of depreciation, settling at a new lifetime low of 83.29 (provisional)…
Rupee Hits All-Time Low Against US Dollar
The Rupee’s Decline: Factors Behind the All-Time Low On Wednesday, September 6, the Indian Rupee hit an all-time low of 83.14 against the US Dollar. This significant drop has raised…