India’s Forex Reserves Dip by $3 Billion to $699.7 Billion, Says RBI
India’s foreign exchange reserves declined by $3.049 billion to $699.736 billion in the week ended July 4, according to the...
archiveIndia forex news
India’s Forex Reserves Dip by $3 Billion to $699.7 Billion, Says RBI
India’s foreign exchange reserves declined by $3.049 billion to $699.736 billion in the week ended July 4, according to the...
Rupee ends sharply lower as US Prez Trump’s tariff threats weigh on EM currencies
The Indian rupee weakened sharply on Monday, falling alongside most emerging market (EM) currencies after US President Donald Trump threatened new reciprocal tariffs and penalties on countries aligned with BRICS.The rupee ended at 85.85 per US dollar, down 0.54% from Friday’s close of 85.39, after hitting an intraday low of 86.02. The dollar strengthened broadly after Trump unveiled a new tariff policy targeting countries he said are "aligning themselves with the Anti-American policies" of the BRICS group, prompting a selloff in emerging market currencies.In a social media post, Trump said...