The rupee recovered from its all-time low level and settled for the day with gains of just 3 paise at 84.72 (provisional) against the US dollar in a range-bound trade on Thursday, amid a positive trend in domestic equities. Forex traders said the Indian rupee recovered slightly on strength in the domestic markets and overnight…
President-elect Donald Trump issued a warning on Saturday, threatening to impose 100% tariffs on a group of nine nations if they attempt to undermine the US dollar. His threat was aimed at countries in the BRIC alliance, which includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. Additionally, Turkey,…
President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the US dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Turkey, Azerbaijan and Malaysia have…
MUMBAI: The rupee closed higher on Friday at 84.44, gaining six paise from Thursday’s close of 84.50, though it closed marginally lower for the week. A rebound in the equity markets offered some support, but the currency faced pressure from global factors including the strengthening of the dollar and geopolitical tensions.Reuters reported that RBI had…
India Forex Reserve: देश का विदेशी मुद्रा भंडार 15 नवंबर को खत्म हफ्ते में 17.76 अरब डॉलर घटकर 657.89 अरब अमेरिकी डॉलर रहा. आरबीआई के ताजा आंकड़ों के मुताबिक भारत के विदेशी मुद्रा भंडार में करीब 18 बिलियन डॉलर की गिरावट बीते हफ्ते में दर्ज की जा चुकी है. भारतीय रिजर्व बैंक (आरबीआई) ने शुक्रवार…
The rupee fell by 8 paise on Thursday to settle at an all-time low of 84.50 against the US dollar, primarily due to a massive sell-off in domestic equity markets, ongoing foreign investment outflows, and surging crude oil prices due to geopolitical instability.According to forex traders, the dollar is witnessing safe and robust growth because…