rupee

Rupee Plunges to Record Low, Breaching 87/USD Amid Global Trade Tensions

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Rupee Plunges

Mumbai, India – The Indian rupee plummeted to an unprecedented low against the US dollar on Monday, breaching the 87 mark for the first time in history. This sharp decline comes as global markets reel from the impact of escalating trade tensions, triggered by a recent wave of tariffs imposed by the United States. The … Read more

Rupee Set to Extend Recovery on RBI-Motivated Dollar-Long Liquidation

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Indian rupee

The Indian rupee is poised for further appreciation against the US dollar, driven by a wave of dollar-long position liquidations spurred by the Reserve Bank of India’s (RBI) recent interventions in the foreign exchange market. This shift in market dynamics marks a potential turning point for the rupee, which has faced significant headwinds in recent … Read more