New Delhi, February 11, 2025 – Finance Minister Nirmala Sitharaman addressed the Lok Sabha, shedding light on the recent depreciation of the Indian rupee against the U.S. dollar. Citing former RBI Governor Raghuram Rajan, she attributed the rupee’s decline primarily to the strengthening of the dollar rather than domestic economic weaknesses. Sitharaman emphasized that the Read More…
The Indian rupee staged a recovery on Friday, gaining 15 paise from its all-time low to close at 87.44 against the US dollar. This rebound came after the Reserve Bank of India (RBI) announced a 25-basis point cut in the repo rate to 6.25%, marking its first rate reduction since May 2020. Despite the temporary Read More…
Mumbai: The Indian Rupee, which showed signs of recovery yesterday, slipped again today, losing 9 paise in early trading. The rupee is currently trading at 87.16 against the US dollar. The ongoing trade war between the US and China, where both nations have imposed tariffs on each other, continues to influence the rupee’s movement. Yesterday, Read More…
Mumbai: The Indian rupee opened weaker, depreciating by 15 paise to trade at ₹83.10 against the US dollar as the dollar index surged to new highs. Buoyed by strong US economic data and expectations of additional Federal Reserve rate hikes, the dollar’s rally has intensified pressure on emerging market currencies, including the rupee. Traders attributed 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…