Rupee tumbles to hit life-time low! Currency nears the 90 per dollar mark; what does it mean?
Rupee on Tuesday tumbled 42 paise to close at an all-time low of 89.95 against the US dollar, extending its...
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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...
Currency Market News: Rupee surges 51 paise to 86.17 vs US dollar in early trade
Rupee made a strong comeback in early trade on Friday, rising by 51 paise to 86.17 against the US dollar. This sharp gain was fueled by a positive opening in domestic equity markets, a weaker greenback, and a drop in global oil prices. The rally in the local currency follows US President Donald Trump’s decision to suspend the additional 26 per cent tariffs on Indian goods until July 9, easing trade tensions between the two nations. At the interbank foreign exchange market, the rupee opened at 86.22 against the dollar—46 paise...