In early trading on Wednesday, the rupee recovered its early losses and gained 2 paise to 89.20 against the US dollar, following a weak US dollar and positive sentiment in the domestic share market. Forex traders claim that, despite the Indian currency being under pressure due to increased crude oil prices, there was a foreign…
As the dollar is expected to strengthen in the upcoming months due to Donald Trump’s election, the rupee fell to a record low on Thursday. The rupee fell to 84.2950, inching past the previous all-time low of 84.28, which was reached on Wednesday. Analysts predicted that the fear of tariffs would weaken the euro and…
India’s efforts to encourage settlement of overseas trade in Indian rupees are paying off; the first users of the channel were nearby nations like Bangladesh and Sri Lanka. Anupriya Patel, a minister of state for commerce and industry, responded to a question in the Lok Sabha by stating that Sri Lanka has added the Indian…
