New York: U.S. President Donald Trump has reiterated his warning to BRICS nations, including India, against replacing the U.S. dollar with an alternative currency. Speaking after being sworn in as the 47th President on Monday, Trump declared that any such move would result in a 100% tariff on trade with the U.S. “If BRICS nations Read More…
The Indian rupee strengthened by 13 paise, closing at 86.40 against the U.S. dollar, marking its second consecutive day of gains. This follows a 17-paise increase on January 14, when the rupee settled at 86.53. The recent appreciation is attributed to several key factors: Weaker U.S. Dollar: The dollar index slipped to 109, boosting the Read More…
New Delhi: The Indian National Congress has launched a sharp attack on Prime Minister Narendra Modi over the dramatic fall of the Indian rupee, which has slid past 86 against the U.S. dollar. Congress General Secretary Jairam Ramesh highlighted the alarming depreciation, contrasting it with the rupee’s value of 58.58 when Modi first assumed office Read More…
The Indian rupee plunged to a record low, closing at 85.9650 against the US dollar, edging closer to the 86 mark. This marks the rupee’s tenth consecutive weekly loss, with a 0.2% decline this week alone. The persistent fall is attributed to a strong US dollar, driven by aggressive interest rate hikes by the US Read More…