The rupee depreciated 9 paise to 83.27 against the US dollar on Wednesday, tracking a negative trend in domestic equities and elevated crude oil prices. Read further on Dynamite News:
The rupee recovered from its all-time low level and settled 4 paise higher at 83.34 against the US dollar on Tuesday, tracking the weakness of the American currency in the overseas market and positive domestic equities. Read further on Dynamite News:
The rupee appreciated 19 paise to 82.94 (provisional) against the US dollar on Friday, as the inclusion of India in the JPMorgan bond index boosted investor sentiment. Read further on Dynamite News:
The rupee depreciated 7 paise to 81.95 against the US dollar in early trade on Wednesday, tracking elevated level of the American currency against major rivals overseas as well as higher crude price. Read further on Dynamite News:
Bangladesh is all set to settle trade with India in Rupee from Tuesday, a move to cut their reliance on the American currency, which was involved in nearly 90 per cent of global forex transactions in 2022, The Daily Star reported. Read further on Dynamite News:
Monetary policy tightening by various central banks to contain inflation, the war in Ukraine leading to price rise for crude oil and subsequent realignment in the global energy supply chain, and strengthening of the US dollar index kept the Indian currency under pressure in 2022. Read on for details:
Douglas W Diamond, winner of this year’s Nobel Memorial Prize in Economic Sciences, says it is difficult to predict exchange rates but the rupee should stabilise once the US “reduces the speed of its rate increases”. Read on for details:
In the international market, gold was trading in green at USD 1,648 per ounce, while silver was up at USD 19.81 per ounce. Read on for details:
The use case for the pilot is settlement of secondary market transactions in government securities, the RBI said in a statement on Monday. Read on for details:
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