Besides, persistent foreign fund outflows and elevated crude oil prices impacted the domestic unit, forex traders said.
As the rupee falls against the dollar, there are definite impact to be seen on investments and overseas education. Here’s how to go about both
Increased foreign direct investment, increased use of indigenous goods, higher exports, and lower imports hold the key to India becoming a $5 trillion economy
While cheers are emanating from India’s export camp, which earns in dollars, it is a rather gloomy sight for the importers and, in turn, the households
At the interbank foreign exchange, the rupee opened at 77.17 against the American dollar, then lost ground to quote at 77.42, registering a fall of 52 paise...
In the week ended March 18, the forex kitty had declined by $2.597 billion to $619.678 billion. It had plunged by $9.646 billion to $622.275 billion in the...
In the previous week ended March 4, the reserves rose $394 million to $631.92 billion
Russia has offered discounted crude oil in the wake of the Western sanctions on it following its military aggression against Ukraine.
The Indian currency crossed Rs 76 per dollar mark on March 16, compared to Rs 74.5 per dollar before February 24, when Russia invaded Ukraine.
Silver also tanked Rs 1,949 to Rs 69,458 per kg, from Rs 71,407 per kg in the previous trade
At the interbank foreign exchange, the rupee opened at 76.27 against the US dollar, then gained momentum and touched 76.20, registering a gain of 42 paise from...
Global oil prices soared past $120 per barrel amid the US and European nations mulling a ban on Russian energy imports
The yellow metal had in the previous trade finished at Rs 52,486 per 10 grams. Silver also jumped Rs 1,910 to Rs 70,977 per kg, from Rs 69,067 per kg in the...
Forex traders said escalating tensions between Russia and Ukraine kept crude oil prices at an elevated level and heightened worries about domestic inflation...
The inflows had stood at $51.47 billion during the corresponding period of the previous year
India and Russia bilateral payments are made in the Indian rupee. For both imports and exports, payments are made or received in the rupee for shipments.
The yellow metal had closed at Rs 50,086 per 10 grams in the previous trade. Silver was almost flat on Wednesday at Rs 63,939 per kg, compared with the...
At the interbank foreign exchange, the rupee opened at 74.71 against the American dollar but later dropped to a low of 74.99 against the greenback.
The domestic market remained in the red for the second straight session after witnessing a massive sell-off on Friday.
At the interbank foreign exchange, the rupee opened at 75.53 against the American dollar, and later witnessed an intra-day high of 75.37 and a low of 75.64...
In the previous trade, the yellow metal settled at Rs 49,041 per 10 grams. The Indian rupee declined 23 paise to settle at 75.59 against the US dollar on...
Silver, in contrast, declined by Rs 626 to Rs 62,214 per kg from Rs 62,840 per kg in the previous trade. The Indian rupee declined 23 paise to close at 75.38...
The rupee declined by 10 paise to close at 74.94 (provisional) against the US dollar on Thursday after the Reserve Bank of India kept key policy rates...
Forex traders said higher-than-expected borrowing in the next financial year and weak fiscal deficit projections from the government weighed on investor...
Nityanand Rai, the Minister of State for Home Affairs informed in the Rajya Sabha that around 8.35 Lakh counterfeit notes were seized in 2021.