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…
The Indian rupee has been under intense scrutiny in recent months, with its sharp depreciation against the US dollar raising concerns across financial markets. According to Jefferies’ Christopher Wood, the rupee’s fall past the 90-per-dollar mark may be nearing an end, suggesting that the currency could have finally bottomed out. His analysis, published in Jefferies’…
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…
