archiveRupee against Dollar

Rupee jumped 25 paise to 85.08 against the US dollar in early trade on Friday, buoyed by robust foreign fund inflows and positive remarks from the US Treasury Secretary indicating India could be the first to sign a trade tariff treaty with the US. Forex analysts noted that India is emerging as a symbol of “quiet strength,” supported by improving macroeconomic fundamentals and increasing global interest. The Reserve Bank of India, in its latest bulletin, highlighted the country’s growing economic resilience, pointing to diversified trade ties and favourable market sentiment....

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...