archiveRupee Vs Dollar

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...

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 rupee appreciated 25 paise to 86.80 against the US dollar in early trade on Monday, as domestic equities opened on a higher note and Asian currencies continued to remain on the stronger side.Forex traders said the rupee could extend its gains in the near-term, as the dovish Fed expectation has pressured the greenback, further aiding the rupee’s recovery. However, global risk sentiment and oil price movements will play a crucial role in determining the next leg of the rupee’s trajectory. Story continues below this ad At the interbank foreign...

The weakening of the Indian rupee against the US dollar and other foreign currencies has increased the cost of studying abroad for Indian students. Over the past year, the rupee has depreciated from ₹82 to ₹87 per dollar, driving up tuition fees, accommodation costs, and daily expenses.Index Fund CornerSponsoredScheme Name1-Year ReturnInvest NowFund CategoryExpense RatioAxis Nifty 50 Index Fund+32.80%Invest NowEquity: Large Cap0.12%Axis Nifty 100 Index Fund+38.59%Invest NowEquity: Large Cap0.21%Axis Nifty Next 50 Index Fund+71.83%Invest NowEquity: Large Cap0.25%Axis Nifty 500 Index Fund--Invest NowEquity: Flexi Cap0.10%Axis Nifty Midcap 50 Index Fund+46.03%Invest NowEquity: Mid...

Finance Minister Nirmala Sitharaman rejected concerns over the recent depreciation of the Indian rupee, stating that the currency has remained stable against most global counterparts despite pressure from a strengthening US dollar.CompanyValueChange%ChangeIn an interview with PTI, Sitharaman acknowledged the rupee’s nearly 3% decline against the dollar in recent months, calling it a concern due to its impact on import costs. However, she dismissed claims of broader weakness in the local currency."I am concerned, but I will not accept the criticism that 'Oh, the rupee is weakening!' Our macroeconomic fundamentals are...