Economy National
Reserve Bank of India Governor Sanjay Malhotra has said the rupee is not overvalued and may now be undervalued after its recent fall against the U.S. dollar. His remarks come as the currency faces pressure from the West Asia crisis, higher crude prices and concerns over India’s external balance. Rupee Depreciation Brings Valuation Debate Malhotra […]
Business Finance
The rupee weakened by 28 paise to 94.77 against the US dollar in early trade on Thursday, reversing part of its previous session gains as uncertainty over a possible US-Iran agreement weighed on currency market sentiment. Rupee Falls Against US Dollar At the interbank foreign exchange market, the rupee opened at 94.77 against the dollar, […]
Business Finance
The Indian rupee fell to a fresh record low of 95.40 against the US dollar in early trade on Tuesday, extending its decline as rising crude oil prices and global uncertainty kept pressure on the currency. Indian Rupee Hits Record Low The rupee weakened by 17 paise from its previous close and touched 95.40 against […]
Business Finance
Rupee Weakens To 94.29 Against US Dollar The Indian rupee weakened for the fifth straight session on Friday, slipping to 94.29 against the U.S. dollar in afternoon trade. The fall came as higher crude oil prices, safe-haven dollar demand and uncertain U.S.-Iran peace talks weighed on emerging market currencies. Indian Rupee Falls For Fifth Session […]
Markets
Gold prices fell further on Thursday as investors shifted toward the U.S. dollar amid uncertainty over Iran talks and expectations that U.S. interest rates could stay higher for longer. The decline came as rising oil prices added to inflation concerns, reducing the appeal of non-yielding assets such as gold. Gold Prices Fall On Stronger Dollar […]
Finance
The Reserve Bank of India has capped banks’ net open positions in the rupee at $100 million in the onshore deliverable market, in a move aimed at containing currency volatility after the rupee fell to a record low against the US dollar. The step comes as pressure on the Indian currency has intensified amid higher […]
International
US paper currency will soon carry President Donald Trump’s signature, marking the first time a sitting president’s name will appear on American banknotes. The change is being presented by the US Treasury as part of the country’s 250th anniversary commemorations in 2026 and breaks with a long-standing tradition under which paper notes carried the signatures […]
Economy National
The Indian rupee is expected to remain under pressure near record lows despite some relief from falling oil prices, as maturing non-deliverable forward positions and capital outflows continue to drive dollar demand. The Reserve Bank of India was seen intervening through state-run banks to limit further losses, helping the rupee hold just above its weakest-ever […]