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Mumbai: The rupee plunged 36 paise to breach the 91-mark against the US dollar for the first time in intra-day trade on Tuesday, weighed down by sustained FII outflows and a lack of clarity on the India-US trade deal. The rupee fell from 90 a dollar to 91 in the last 10 trading sessions. The…
New Delhi: The slide in Indian Rupee driven by a complex mix of external shocks, foreign investor outflows and limited RBI intervention should not be mistaken for an inherently weak currency, said SBI Research Ecowrap report on Thursday. The Indian rupee on Wednesday slipped past the psychologically significant 90-per-dollar level, marking one of its fastest…
The Indian rupee tumbled to a record low of 90.13 against the US dollar on Wednesday. It broke the previous day’s record of 89.9475 and continued the downward trend for the fifth straight session. The fall came amid weak trade and portfolio flows, persistent importer demand, and uncertainty surrounding the India-US trade deal. Market Impact…
Mumbai: The Reserve Bank of India (RBI) sold $3.66 billion in the spot foreign exchange market in June, according to the central bank’s monthly bulletin. The central bank reported purchasing $1.16 billion and selling $4.83 billion during June. Before this, the bank had bought $1.76 billion from the spot market in May. In June, the…
New Delhi: The Indian rupee opened stronger on Monday, amid additional 25 per cent tariff proposed by US President Donald Trump on India, which is set to take effect from August 27. The rupee likely inched up higher on optimism that the Russia-Ukraine war will end following the upcoming US-Russia negotiations on August 15, leading…
Last Updated:August 07, 2025, 11:40 is At the interbank foreign exchange, the rupee opens at 87.69 against a US dollar, up 3 paise from its previous close of 87.72. Rupee Vs Dollar Today. A day after US President Donald Trump sharply raised tariffs on Indian exports, the Indian rupee on Thursday opened marginally stronger against…
New Delhi: The Indian rupee showing minimal response to US President Donald Trump’s additional tariffs on Indian goods on Thursday’s opening. Rupee opened stronger, rising 3 paise to 87.69 against the USD in early trade. Trump on Wednesday announced that he has signed an executive order imposing an additional 25 per cent tariff on imports…
Last Updated:July 24, 2025, 08:00 is Foreign companies would have to give an undertaking that their operations in Pakistan or China, if any, shall be ‘suitably firewalled from the contract/operations with India’ Counterfeiting of banknotes is a major concern for India. Representational image The government is placing a big global order for nearly 10,000 kg of…
Last Updated:July 11, 2025, 05:46 is A committee member noted that while many fake Rs 500 notes had been recently seized, the proportion remains small compared to the total in circulation The RBI Governor reassured lawmakers that the economy remains robust and is performing well despite global challenges. Representational image Reserve Bank of India Governor…
Last Updated:June 17, 2025, 21:31 is Top government sources say policymakers have it all sorted, and there is nothing to worry about Sources say all key ministries like commerce, finance, and oil are monitoring the situation. (Representational image/Shutterestock) Why should we be concerned about what’s happening between Israel and Iran? Given the state of the…