MUMBAI, (Reuters)- The Indian rupee has fallen to a record low. January 13 marked its biggest single-day decline in nearly two years. The rupee slid to 86.5825 before closing at 86.5750 ...

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. UBS Group AG is recommending to short ...

The rupee witnessed high volatility in morning trade on Wednesday (January 22, 2025), as the support from positive domestic equities was weighed down by significant pressure from global ...

In a circular last week, RBI allowed overseas branches of authorized dealer (AD) banks to open rupee accounts for non-resident Indians for settling current and capital account transactions with ...

The weakening rupee offers an edge to most Indian SaaS firms that bill clients in dollars, but it also brings challenges to some. SaaS (software-as-a-service) companies that build solutions in ...

This asymmetry in the behaviour of the nominal exchange rate led to an overall devaluation of the rupee throughout the 2010s decade as reflected in Figure 1. In the post-COVID period ...

The SBP has released the estimate of the Real Effective Exchange Rate (REER) Index of the rupee in December 2024. It stands at 103.7, as compared to 103.2 in November. The value in December is the ...

Industrial growth, the stock market and the rupee are sinking, and most consumers earn too little to buoy them, stymieing India’s drive to become a developed economy. By Alex Travelli Reporting ...

The rupee is still less volatile than many peer countries. The dollar has over-strengthened now and may reverse after Trump comes to power | Photo Credit: StudioEasy Recent rupee depreciation has ...

If a spate of recent headlines in the media is to be believed, the rupee is in free fall. That is true when the rupee’s value vis-à-vis the dollar is the sole focus. While the rupee stood at 84 ...

On Thursday, the rupee depreciated 21 paise to close at 86.61 against the US dollar. In two back-to-back sessions, on Tuesday and Wednesday, the local unit had gained 30 paise from its lowest-ever ...

For two years the rupee was stable. So stable that the International Monetary Fund reclassified India’s exchange-rate regime to ‘stabilised arrangement’ from ‘floating’ in December 2023.