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…
Despite worries about the Chinese economy and a rise in the dollar’s value relative to its major rivals, the rupee has recently been stable in a range of 82.30 and 83.20. The RBI kept rates constant and kept its stance of withdrawing accommodating policy intact, as was expected. The RBI actively intervened to combat rupee’s…
The dollar gained on Wednesday as traders reduced their bets on the Federal Reserve cutting interest rates soon in the wake of strong U.S. consumer spending statistics and as a result of the safe-haven status of the dollar under the threat of a U.S. government default. Although nothing is finalized yet, negotiations between Republican senior…
In response to a recovery in the value of the dollar relative to other major currencies, the Indian rupee had its largest weekly loss in two months. As Treasury yields increased amid an increase in expectations that the Federal Reserve will intensify its fight against inflation, a measure of the dollar experienced its best weekly…
As central banks from India to the Czech Republic intervene to defend their currencies, global foreign-currency reserves are plummeting at the quickest rate on record. This year, reserves have fallen by almost $1 trillion, or 7.8%, to $12 trillion, the largest loss since Bloomberg began compiling data in 2003. Part of the slump can be…
