The rupee extended the slide for the second straight session and depreciated 4 paise to settle at a fresh all-time low of 85.15 against the US dollar on Tuesday, dragged by a strong greenback against ...
The US Dollar Index (DXY) – which measures the performance of the US Dollar (USD) against a basket of currencies – is residing just below the two-year high. The Greenback sees volatility die down in ...
India’s foreign exchange reserves (Forex) are sufficient to meet the more than 11 months of imports and about 96 per cent of external debt outstanding at end-June 2024, stated the Reserve Bank of ...
A sliding rupee—which hit a record low against the dollar—makes imports costlier and stokes inflation. But it can also give an edge to exports and help manage the trade deficit ...