Foreign currency assets declined $2.8 billion on-week to $468.87 billion
You would have to bear an increased cost of living and foreign education, since the rupee has depreciated against the dollar. Here are the reasons why the rupee has fallen and how this will impact your life in other spheres...
At the interbank foreign exchange, the rupee opened at 79.15 against the American dollar, then touched 78.94, registering a gain of 46 paise over the last close
At the interbank foreign exchange market, the local currency opened weak at 81.65, fell further to 81.98 against the US dollar and finally ended at 81.89.
At the interbank foreign exchange, the rupee opened at 80.10 against the dollar, then lost ground to quote at 80.15, registering a fall of 31 paise from the last close
Forex traders said the rupee opened stronger as the dollar continued to fall on account of a less aggressive US Fed and falling crude oil prices
In the intra-day trade, the rupee slipped below the 82-level for the first time against the American currency, as a negative trend in domestic equities and significant foreign fund outflows sapped investor appetite
Besides, a weak greenback overseas against key rivals supported the local unit
Demand for gold in India was up by 43 per cent despite a slowdown in gold demand globally, the World Gold Council (WGC) Q2 2022 report said. WGC also noted...
However, higher oil prices, month-end importer demand and global recession fears could restrict the gains for the local unit, forex traders said
At the interbank foreign exchange, the rupee opened at 79.73 against the dollar and moved in a narrow range. It touched an early low of 79.79 in initial deals
At the interbank foreign exchange, the rupee opened at 79.86 against the American dollar. In initial trade, the local currency witnessed a high of 79.81 and a...
Days after the domestic currency breached the 80-level against the dollar, Das said Reserve Bank of India (RBI) has zero tolerance for volatile and bumpy...
The Fed began its tapering process in December 2021, with monthly asset purchases reduced from $120 billion to $105 billion
Both the government and RBI have taken measures to check the outflow of dollars and encourage inflow of foreign funds so that the depreciation of the domestic...
At the interbank foreign exchange, the rupee opened at 80 against the American dollar, then lost ground to quote at 80.05, registering a fall of 7 paise from...
At the interbank foreign exchange, the rupee opened at 79.76 against the American dollar, registering a gain of 6 paise over the last close
The Indian rupee has been depreciating against the USD dollar and is nearing the psychologically key mark of 80, making imports expensive
While financial institutions feel the concerns are genuine and the requirement for higher amounts of education loans will go up, study abroad consultants...
Congress leader Rahul Gandhi said in the coming days, the people of India will have to pay for having a ‘directionless government’ and the rupee being in...
The primary and immediate impact of a depreciating rupee is on the importers who will have to shell out more for the same quantity and price. However, it is a...
While wholesale inflation remained double-digit for 15 straight months to June, expected deterioration in the country's current account deficit and forex...
At the interbank foreign exchange, the rupee opened at 79.20 against the American dollar, then lost ground to quote at 79.25, registering a fall of 12 paise...
There are several factors behind the free fall of the Indian currency and the government had earlier said that it is monitoring the situation closely
However, the current depreciation in the rupee, strong demand for new age technologies like artificial intelligence, cloud computing and Internet of Things...
