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Rupee dropped 26 paise to 85.78 against the US dollar on Thursday morning after US President Donald Trump imposed tariffs on nearly 60 countries, including India. The US has introduced a 27 per cent tax on Indian imports, arguing that India charges high duties on American goods.  The tariffs being implemented were conceived as part of Trump's plan to reduce the US trade deficit and to rejuvenate manufacturing at home. Though expected to adversely affect India's exports to US, experts feel that India is in a relatively better position compared...

The US dollar is widely known as the most powerful and the most traded currency globally, often being the go-to choice for international transactions. However, when it comes to raw strength, measured by its value against other currencies, the greenback doesn’t necessarily take the top spot. Surprisingly, there are several currencies that surpass the US dollar in value, which serves as a common benchmark for currency strength.Foreign currency is traded in pairs, meaning one currency is exchanged for another, and its value is determined through the exchange rate. Most currencies...

The US dollar is widely known as the most powerful and the most traded currency globally, often being the go-to choice for international transactions. However, when it comes to raw strength, measured by its value against other currencies, the greenback doesn’t necessarily take the top spot. Surprisingly, there are several currencies that surpass the US dollar in value, which serves as a common benchmark for currency strength.Foreign currency is traded in pairs, meaning one currency is exchanged for another, and its value is determined through the exchange rate. Most currencies...

The Indian rupee gained marginally on Wednesday to end at 85.705 per US dollar, up from the previous close of 85.755, LSEG data showed. Dollar inflows, maturity of positions in the non-deliverable forwards market with a sharp focus on tariff announcement on India by the US kept the rupee in a 20-paisa range during the day, traders said.The currency opened at 85.69 to $1 and weakened up to 85.89 to $1 during the day, before closing slightly stronger, according to LSEG data. The dollar index was largely stable at 104.2.“There...