The Indian rupee witnessed a decline against the US dollar, pressured by strong dollar demand at the Reserve Bank of India (RBI) reference rate and weakness across Asian currencies. The movement reflects global risk sentiment, regional currency pressures, and domestic demand for the greenback, particularly from importers and corporates. Background of the Rupee’s Movement Key…
Global investment bank Goldman Sachs has said that the Indian rupee may be approaching a critical turning point after breaching the 90‑per‑dollar mark, but cautioned that the currency’s next major move will depend heavily on trade‑related uncertainty, particularly the outcome of ongoing U.S.–India tariff negotiations. The bank’s assessment comes at a time when the rupee…
The Indian rupee has been under pressure in recent months, sparking concerns among investors, businesses, and policy watchers. However, Governor Malhotra has reassured markets that the currency’s decline is not a cause for panic. According to him, the rupee is likely to stabilize and trade around the 90 mark against the U.S. dollar in the…
The Indian rupee has come under renewed pressure in global currency markets, sparking concerns among investors and businesses about its near-term trajectory. However, leading currency expert Abhishek Goenka has reassured that while the rupee is facing headwinds, the situation is not one of panic. According to him, the current weakness is largely driven by external…
